Individual Savings Account (ISA)
Our ISA gives you the option to open a Stocks and Shares ISA, a Lifetime ISA or to have both within one Plan.
Save up to £20,000
Start saving from £20
Expertly managed funds
A choice of professionally managed funds
Two ISAs in one place
A Stocks and Shares ISA and a Lifetime ISA
Access at any time
You should aim to invest for at least 5 years
Low charge
1.5% reducing to 1% after 10 years
Manage savings online
View Plan details at any time with MyPlans
Our ISA
Our ISA is a simple and affordable way of building up a tax-efficient lump sum for the future. If you are over 18, a UK resident for tax purposes and saving for the medium to long-term, our ISA may be suitable. If you are under 40 you have to choice to combine both a Stocks and Shares and a Lifetime element in the ISA – allowing you to have two types of ISAs in one place.
Whether you want to save for your first home, later on in life, a rainy day or something exciting, our ISA may be perfect for you. You can save up to £20,000 each tax year, of which £4,000 can be saved in the Lifetime ISA.
Our Stocks and Shares ISA element
✔ UK resident over age 18
✔ Save from as little as £20 (£10 if you save in a Lifetime ISA too)
✔ Up to £20,000 each tax year
✔ Investment decisions are all made for you by the professionals at Schroders
Our Lifetime ISA element
✔ UK resident aged 18 to 39
✔ Save from as little as £20 (£10 if you save in a Stocks and Shares ISA too)
✔ Up to £4,000 each tax year with a 25% bonus
✔ Investment decisions are all made for you by the professionals at Schroders
Start saving for your future
Foresters Stakeholder (Schroders) Managed Fund
A global, straightforward fund designed for Foresters customers
- Choose to invest your savings fully or partially in this fund
- Invest over the medium to long-term in a professionally managed fund by Schroders
- Considers ESG factors with 45-50% invested in shares.
Foresters Stakeholder (Schroders) Sustainable Future Managed Fund
Invest in your future in a fund that has a focus on sustainability
- Choose to invest your savings fully or partially in this fund
- Invest over the medium to long-term in a professionally managed fund by Schroders
- Considers ESG factors with 0-60% invested in shares.
The Government adds a 25% bonus to contributions for Lifetime ISAs. You will lose the government bonus and more as a penalty is applied if the money in the Lifetime ISA is used within the first 12 months, not used towards purchasing your first home or after your 60th birthday, as the 25% government penalty is applied to any encashed amount.
You can open our ISA even if you already have a Cash or Innovative Finance ISA. Of course, if you already have an ISA you may want to consider transferring to us. We make no charge for any transfer.
A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits. If you make an encashment before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the encashment amount, and you may get back less than you paid in. Tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.
What could my ISA be worth?
Stocks and Shares ISA
| Monthly amount | Fund value after | |||
| 10 years | 15 years | 20 years | ||
| £50.00 with automatic increases of 3.0% pa |
£8,120 | £14,500 | £23,100 | |
| £100.00 with automatic increases of 3.0% pa |
£16,200 | £29,100 | £46,300 | |
| £200.00 with automatic increases of 3.0% pa |
£32,400 | £58,300 | £92,600 | |
| £625.00 with automatic increases of 3.0% pa | £101,000 | £182,000 | £289,000 | |
| £1,500 with automatic increases of 3.0% pa | £243,000 | £435,000 | £683,000 | |
| Single amount | Fund value after | |||
| 10 years | 15 years | 20 years | ||
| £1,000 contribution | £1,400 | £1,690 | £2,060 | |
| £5,000 contribution | £7,000 | £8,490 | £10,300 | |
| £7,500 contribution | £10,500 | £12,700 | £15,400 | |
| £15,240 contribution | £21,300 | £25,900 | £31,400 | |
| £20,000 contribution | £28,000 | £33,900 | £41,200 | |
Lifetime ISA
| Monthly | ||||||||
| Fund value after | ||||||||
| From age | Value after 10 years | Value after 20 years | Value up to age 60 | |||||
| £50 | £100 | £50 | £100 | £300 | £50 | £100 | £300 | |
| 18 | £10,100 | £20,300 | £28,900 | £57,900 | £170,000 | £103,000 | £207,000 | £586,000 |
| 20 | £10,100 | £20,300 | £28,900 | £57,900 | £170,000 | £90,500 | £181,000 | £516,000 |
| 25 | £10,100 | £20,300 | £28,900 | £57,900 | £170,000 | £63,400 | £126,000 | £368,000 |
| 30 | £10,100 | £20,300 | £28,900 | £57,900 | £170,000 | £42,600 | £85,300 | £251,000 |
| 35 | £10,100 | £20,300 | £22,100 | £44,200 | £132,000 | £26,800 | £53,600 | £160,000 |
| 39 | £10,100 | £20,300 | £16,400 | £32,800 | £98,400 | £17,000 | £34,100 | £102,000 |
| Single | ||||||||
| Fund value after | ||||||||
| From age | Value after 10 years | Value after 20 years | Value up to age 60 | |||||
| £500 | £2,000 | £4,000 | £2,000 | £4,000 | £500 | £2,000 | £4,000 | |
| 18 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £3,020 | £12,000 | £24,100 |
| 20 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £2,790 | £11,100 | £22,300 |
| 25 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £2,300 | £9,220 | £18,400 |
| 30 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £1,890 | £7,590 | £15,100 |
| 35 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £1,560 | £6,250 | £12,500 |
| 39 | £875 | £3,500 | £7,000 | £5,150 | £10,300 | £1,340 | £5,360 | £10,700 |
Important Notes
• These illustrations are based on an annual growth rate of 5% less charges and assume contributions will increase each year line with the
Retail Price Index or 3% whichever is the greater.
• These figures are only illustrative and not guaranteed you could get back more or less than this and you may get back less than you paid in. What you will get back depends on how your investment grows and on the tax treatment of the investment. Investments can go down as well as up.
• The Forester Life ISA is a medium to long term stakeholder investment scheme and as such meets the standard for ‘capped charges’. There is an annual charge of 1.5% of the value of the funds you accumulate. If your fund is valued at £250 throughout the year, this means that we charge £3.75 that year. If your fund is valued at £500 throughout the year, this means that we charge £7.50 that year. After 10 years these deductions reduce to £2.50 and £5.00 respectively.
• A statement will be sent annually to allow you to keep track of your Plan.
• Please note that inflation would reduce what you could buy in the future.
• For more information please read the ISA Key Information Document(s) and brochure.
Want to save in our Shariah Fund?
We also offer a Shariah compliant fund, find out more about how you can invest towards your future.