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Compare Virgin Money ISAs

Compare ISAs from Virgin Money 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 Virgin Money?

Virgin Money, previously known as Virgin Direct, are a financial services and banking corporation founded by Sir Richard Branson in 1995.

They offer a broad range of personal and corporate financial services including current accounts, savings accounts, loans, insurance products, mortgages and pensions.

Within their range of savings accounts, Virgin offer two types of ISA products to retail customers: Cash ISAs and Stocks and Shares ISAs.

What is an ISA account?

An ISA account is a type of savings account that is completely free from tax.

By investing within an ISA, your investments are sheltered from both income tax and capital gains tax.

This means that the growth of your investments and interest and dividends you earn are sheltered from the taxman.

HMRC allows all individuals to add up to £20,000 to ISA accounts in the current tax year.

There are two main types of standard ISAs: Cash ISAs and Stocks and Shares ISAs.

What’s the difference between a Cash ISA and a Stocks and Shares ISA?

Cash ISAs provide you with fixed or variable interest rates based on the length of term and type of Cash ISA you open.

Cash ISA summary:

  • In a Cash ISA, your investment cannot go down in value, provided that you don’t make any withdrawals outside of the permitted restrictions for your account. For example, withdrawing before the end of your fixed term.
  • The longer the fixed term you commit to in a Cash ISA, the higher interest rates you receive.
  • If you withdraw prematurely from a fixed-term Cash ISA, you will either be charged or lose a chunk of your earned interest.
  • For variable-rate ISAs, in general the less accessible your ISA is for withdrawals, the higher interest rates you’ll get.
  • Since the financial crash of 2008, interest rates have been sitting at record lows. This means that over the long term, Cash ISAs are unlikely to be able to keep up with the returns of Stocks and Shares ISAs.

Stocks and Shares ISAs allow you to invest directly in the stock market through shares, funds, ETFs and other investment vehicles.

Stocks and Shares ISA summary:

  • You can invest in a wide range of assets and either pick them yourself or choose a ready-made portfolio that’s managed for you. Virgin Money’s Stocks and Shares ISA is a ready-made portfolio ISA, giving you several funds to choose from based on risk level.
  • Your investment dividends and capital gains are tax-free, which can save you a considerable amount on tax bills depending on your income situation.
  • You are still free to withdraw at any time, usually without charge. However, you need to sell your investments first which usually takes approximately one week.
  • The return on your investment is potentially uncapped, depending on what you invest in. However, you are also at risk of losing money and getting back less than what you put in.

What are the charges for a Virgin Money ISA?

Virgin Cash ISA charges:

Virgin Money Cash ISAs are free of charge, as long as you don’t make any withdrawals that aren’t permitted for your account.

Some of their variable-rate ISAs offer lower rates but allow you to withdraw as and when you please, so you’ll never be charged. However, if you withdraw from their fixed-rate ISAs before the end of your term you lose some of your interest.

Virgin Stocks and Shares ISA charges:

Virgin charge an annual management charge for all of their Stocks and Shares ISA funds, ranging from 0.6 to 1.3% (subject to change).

This charge is deducted from the performance of your investment, so you won’t actually see it leaving your account. Instead, it is reflected in the performance of your ISA fund.

To find out the ongoing charge of the Virgin Stocks and Shares ISA fund you pick, have a read of the Key Investor Information Document.

You can download this document from the website during your ISA application process, and it contains all the essential fund information, including the charges and past performance.

How do I open a Virgin Money ISA?

The easiest way to open a Virgin Money ISA is online, through their website.

The application process is quick and easy, and should only take a few minutes.

You’ll need:

  • Your personal information including your date of birth, address and National Insurance Number
  • Your Debit Card if you want to open your account with a lump sum payment
  • Your Bank Details if you want to set up a Direct Debit regular contribution for your savings

Can I transfer my existing ISA into a Virgin Money ISA?

Yes, you can open a Virgin Money ISA by simply transferring your previous ISAs into a new one with Virgin.

This isn’t as simple as withdrawing your current ISA and paying it into a new Virgin ISA, but it is a straightforward process:

  1. Download and complete Virgin Money’s ISA transfer form
  2. Upon receipt of your form, Virgin will administer your ISA transfer for you
  3. Make sure you check with your existing provider if you’ll be charged for transferring out
  4. Your ISA transfer won’t qualify as a contribution towards your allowance as long as you do it this way, so you can still add a fresh £20,000 in the same tax year 
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. 

No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.

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.

Yes, you can transfer your Cash ISA into a Stocks and Shares ISA by completing a paper form with your new provider.

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.

Your ISA is treated in the same way as any other investment asset and will be subject to Inheritance Tax if your estate is liable.

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.

Whether you receive dividends from your Stocks and Shares ISA will depend on the underlying investments you hold inside it. If your investments generate dividends, then you can opt to withdraw these automatically to your bank account tax-free if you wish.

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.