skip to main content
Compare ISA Providers /

Compare Scottish Widows ISAs

Compare ISAs from Scottish Widows and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in. Capital at risk.
See Deal When you make your first payment into a Junior ISA or Sustainable Junior ISA, Shepherds will send you a Love2shop voucher code worth up to £50.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs. Capital at risk.

Junior Stocks & Shares ISA (Future World ESG Developed Index Fund)

from Legal & General

Regular Savings
  • Invest From: £25 per month
  • Investment Options: Invests in broad developed stock markets, such as the US, Japan and Europe. Capital at risk.

Junior Ethical Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100 lump sum
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors. Capital at risk.

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds). Capital at risk.

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA. Capital at risk.

Junior Stocks & Shares ISA

from Nutmeg

  • Investment Options: Invest in one of four expertly designed portfolios depending on your investment style. Capital at risk.

Junior Stocks & Shares ISA

from Wealthify

Regular Savings
  • Invest From: £1
  • Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf

Who are Scottish Widows?

Originally established in 1815 to support women and children who had lost fathers, brothers and husbands in the Napoleonic Wars, Scottish Widows are now over 200 years old and provide a wide range of financial services to their customers.

Some of the financial services and products they offer include:

  1. Workplace and individual pensions
  2. Life and critical illness policies
  3. Income protection cover
  4. Annuities
  5. Savings and investment products (including ISA accounts)

What is an ISA?

An ISA account is a tax-free savings account that’s available in two main forms: Stocks and Shares ISAs and Cash ISAs.

Stocks and Shares ISAs invest your money in the stock market, either via your own choice of funds and shares or through a managed investment portfolio put together by professionals. The return potential is high, but your investments can fall as well as rise in value.

Cash ISAs are savings accounts that generate interest on your cash balance. You can get fixed or variable interest rates depending on the type of Cash ISA you invest in, and your account cannot fall in value like stock market investments. However, interest rates are currently at record lows so the return potential is very low for cash savings.

What are the tax benefits of an ISA?

ISA accounts are immune from all taxes, and the two most important of which are income tax and capital gains tax.

Income tax is usually paid on dividends produced by stock market investments and interest generated from your cash savings.

Capital gains tax is usually paid on the growth of assets when you sell them - in this case, your stock market investments.

ISAs are immune from all of these taxes.

What type of ISA is a Scottish Widows ISA?

Scottish Widows do not currently offer a Stocks and Shares ISA to investors, but they do offer a Cash ISA product.

There are two main types of Cash ISAs: Fixed-rate Cash ISAs and Variable-Rate Cash ISAs.

Fixed-Rate Cash ISAs:

  • Interest rates are guaranteed and are generally higher than variable-rate ISAs
  • But, you are charged or lose a portion of your interest if you withdraw before the end of your fixed term
  • Fixed terms typically range from 1 to 5 years
  • The longer your fixed term, the higher interest rates you’ll get

Variable-Rate Cash ISAs:

  • Also known as easy-access or instant-access ISAs
  • Interest rates are lower than fixed-rate products and can also fluctuate up and down
  • You have greater access for withdrawals - you can often withdraw as and when you please
  • The more flexibility you have for withdrawals, the lower your interest rates will likely be

What ISA rules should I be aware of?

Here are our top 8 ISA rules to know before you invest:

  • The current ISA allowance is £20,000 - you can’t add more than £20,000 this year and the limit refreshes every 6 April
  • Your ISA allowance can be split between Stocks and Shares ISAs and Cash ISAs
  • You cannot contribute to more than one Cash ISA in the same tax year
  • You can add money to more than one Cash ISA in different tax years
  • You cannot contribute to more than one Stocks and Shares ISA in the same tax year
  • You can add money to more than one Stocks and Shares ISA in different tax years
  • Transferring an existing ISA to a new ISA doesn't take away from your ISA allowance, so you can transfer as much as you like
  • If you don’t use your full ISA allowance it doesn’t roll over to next year’s

How do I open a Scottish Widows ISA account?

At the current time, you cannot apply for a Scottish Widows ISA account online.

Instead, you need to:

  • Read the account T&Cs and Key Features on the website
  • Download, print and complete the Scottish Widows ISA application form
  • Post it to Scottish Widows with your contribution method of either:
    • a cheque
    • a Direct Debit mandate (for regular payments)
    • an ISA transfer form (to transfer existing ISAs)
  • Scottish Widows will create your ISA account with this information and your contribution method

Scottish Widows ISA application checklist

  • You must be at least 16 years old
  • You must be a UK resident
  • The initial minimum deposit is £10
  • You'll need your National Insurance Number and some personal details
  • You have a 14-day cancellation period, during which you can close your account free of charge
  • Accounts can only be opened in a sole name 
Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.

You can withdraw from a variable-rate Cash ISA at any time.

Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.