What is an ISA?
An Individual Savings Account (ISA) is a tax-efficient shelter for your savings and investments. It is completely free of Income and Capital Gains Tax and no tax is payable on money withdrawn. You are allowed to invest in several types of ISAs, including Cash ISAs, Stocks and Shares ISA, Innovative ISAs and the newly launched Lifetime ISA as long as the combined amount does not exceed your annual ISA allowance of £20,000, of which no more than £4,000 may be invested into a Lifetime ISA.
Stocks and Shares ISAs
Currently many cash based ISAs are offering low interest rates, which may be suitable if you are looking to save over a shorter term or do not want to risk getting back less savings that you pay in. However if you are looking to save for more than five years then a stocks and shares based ISA may be suitable for you. According to independent research (Barclays Equity Gilt Study 2016) in every 18 year period over the past 99 years, the probability of equities outperforming cash was 99%. As with all stocks and shares investments the value may rise and fall and you could get back less than you have paid in.
Why choose an ISA with Forester Life?
The Forester Life ISA offers a flexible way to invest in stocks and shares whatever your budget. Designed for low-cost stakeholder savings, you can invest from as little as £20 up to £20,000 in the current tax year.
Our ISAs are held in a fund that is professionally managed for you by Schroders making it easy to invest, as they will be managing and handling the investment on your behalf. The fund provides a diversified spread of global bonds and equities helping to reduce volatility and Schroders will make investment decisions via accessing a range of markets around the world through an actively managed process, taking advantage of opportunities as they arise. It offers a simple and straightforward solution for those wishing to invest in their future. So, whether you want to transfer your existing ISA or set up a new one, we could be the choice for you.
Features and Benefits
Flexible – Save as little as £20 a month, make single contributions or both up to £20,000 this financial year.
The fund is professionally managed by Schroders – –Your savings are balanced between stocks and shares and fixed interest holdings by the experienced fund management team at Schroders.
Clear, low-capped charges – The only charge is an annual management charge of 1.5%, and then 1% after 10 years. Unlike some other providers, we do not charge entry, exit or transfer fees.
Keep up with inflation – We can automatically increase the amount of your regular savings each year to help your contributions keep pace with inflation.
Prefer to speak to a Financial Adviser?
We provide a home-based personal financial planning service to help meet you and your family's current and future financial needs. All our Advisers are fully trained to discuss the products we offer and can visit you at your convenience. With one of our Forester Life Advisers you can be assured of personal attention and a quality service at all times. Our Advisers are remunerated from product charges and will not charge you directly for any visit.