Standard Life Stocks and Shares ISA

Standard Life Stocks and Shares ISA

Standard Life plc is an investment company with headquarters in Edinburgh and operations around the globe. It has 1.2 million shareholders in more than 50 countries and 4.5 million customers and clients worldwide, with a further 25 million customers through joint ventures in China and India.

With the Standard Life ISA you can:

1. Start investing from £50 a month or a £500 lump sum
2. Reach your ISA limit and keep on investing, your ISA comes with a Personal Portfolio, so if you've used up your ISA allowance you can easily continue investing
3. Have easy access to your money if you need to withdraw
4. You can keep money in your ISA until you’re ready to invest
5. Receive a cash account as part of your ISA so you can hold some or all of your £20,000 allowance in cash
6. Relax as surviving spouses or civil partners can inherit your ISA tax benefits if you die
7. Manage your account online 24/7

Standard Life offer two types of Stocks and Shares ISA:

Easy Option ISA

This is a good option if you're new to investing or you've been doing it for years but can't find the time to research or manage your investments by yourself. If you're looking for an easy, tax-efficient way to invest for five years or more, this could be a good option for you.

1. You can open your ISA in minutes
2. Match the MyFolio Managed Fund that suits you based on risk and desires outcome
3. Your funds are run by a team of experts at Standard Life Investments Ltd
4. Start investing from £50 a month or a £500 lump sum
5. Enjoy no additional charge for switching funds or making withdrawals

DIY Option ISA

If you would like to choose your funds and have the time to manage your investments then this could be a good choice for you.

1. Choose from over 2,500 funds, including ethical funds
2. Match the funds that meet your needs
3. Enjoy no additional charge for switching funds or making withdrawals
4. Start investing from £50 a month or a £500 lump sum
5. Access to better deals due to negotiations with leading fund managers 

Why Choose a Stocks and Shares ISA?

Whether you’re looking to put aside some money each month or have some spare money which you’d like to make work for you, an investment ISA could be a tax-efficient option.

Currently, you are able to invest anything up to the tax threshold and choose to have it spread across a Cash, Stocks and Shares and Innovative Finance ISA or consolidated within one account.

As you can only fund one Stocks and Shares ISA per tax year it’s a good idea to shop around before you make your choice. However, as all providers must allow you to move your money you are able to transfer but it’s worth checking if your current provider charges penalties. Otherwise you could receive back less than you originally invested.

Generally, Stocks and Shares ISAs have the potential to provide better returns than a savings account but customers must be prepared for the risks that are always present with investing. There is a chance you could end up with less than you invested, depending on market growth.