ISA

Our ISA gives you the option to open a Stocks and Shares ISA, a Lifetime ISA or to have both within one Plan. Capital at risk.

Open an ISA

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Open an ISA with Foresters online

Our ISA allows you to combine both a Stocks and Shares ISA and Lifetime ISA in one Plan. You need to be over 18 and a UK resident, and for the Lifetime ISA element under age 40, to open one. If eligible you can have one or both.

Setting up an ISA is easy and can be done online in minutes - all you need is your details and your bank card at the ready. If you already have an ISA with us you can view it online by simply activating your My Plans account.

Before applying, please make sure you read the ISA Key Information Document and Terms and Conditions.

Open an ISA

If you already have an ISA find out more about transferring to a Forester Life ISA >

We provide a personal financial planning service either face-to-face or by video appointment, where one of our Financial Advisers can discuss your options at your convenience. As they are paid directly there is no charge for the advice given. Discuss your options with one of our Financial Advisers >

Using your Lifetime ISA for purchasing your first home? Find out more >

Our Stocks and Shares ISA element

A Stocks and Shares ISA is a tax-efficient savings account which allows you to save up to £20,000 this tax year. By investing in a Stocks and Shares ISA there is potential for growth that is free of UK income and capital taxes.

If you are investing for the medium to long-term, our ISA may be more suitable for you, by offering more potential for growth rather than saving in a bank or building society account where inflation could eat away at the interest made.

With savings starting from as little as £20, the Stocks and Shares ISA element could be the best way for you to meet your savings goal; whether this is saving for the future, a rainy day or something more exciting, our Stocks and Shares ISA could be a great way for you to build up a lump sum.

Although we recommend that you invest for the medium to long-term, you have the flexibility to make encashments whenever you need to.

Open a Stocks and Shares ISA

Find out more >

Our Lifetime ISA element

A Lifetime ISA is available to anyone aged between 18 and 39, and was introduced by the Government to help first-time buyers get on the property ladder and/or to build additional savings for later on in life.

The Government offers a 25% bonus added to all amounts invested into the Lifetime element, up to the maximum £4,000 per year, meaning the Government will contribute up to £1,000 each year.

As the Lifetime ISA limit applies to each individual, you and a partner (if eligible) can have a separate Lifetime ISA and combine your savings to purchase a first home together in the UK worth up to £450,000.

If you are saving for later life you can contribute and receive the government bonus up to age 50. From age 60 you may begin encashing from the Lifetime ISA without paying the government penalty and free from UK income and capital taxes.

Open a Lifetime ISA

Find out more >

You will incur a government penalty if you do not use the Lifetime ISA towards purchasing your first home or accessing after your 60^th birthday.

What are you saving for? Take a look at the costs of future milestones and plan ahead

Making investing for your future easy

We help make investing easy and affordable, so you can save whilst focusing on other things you would like to achieve. Your investment will be looked after by the experts at Schroders who make the investment decisions on your behalf with a risk-controlled sustainable approach. No more than 60% will be invested in shares – reducing the effects of market fluctuations but giving the opportunity for growth.

Start saving tax-efficiently from as little as £20 and up to £20,000 each tax year, of which up to £4,000 can be saved in the Lifetime ISA element.

You become a member

By saving with us, you become a member and join a mutual organisation whose Purpose is to enrich family and community well-being. You will have access to a range of exclusive benefits, such as volunteer grants, member discounts and will writing – just to name a few! Take a look at the member benefits >

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.

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Our Individual Savings Accounts FAQs

Who can have a Stocks and Shares ISA?

If you are a UK resident aged 18 or over, you can open a Stocks and Shares ISA.

Who can have a Lifetime ISA?

If you are a UK resident aged 18 – 39, you can open a Lifetime ISA. You should be looking to save to buy your first home or save for later on in life, or both.

What are the charges?

We have no hidden charges. Our ISA has a 1.5% annual management charge reducing to 1% after 10 years, with no other charges.

How can I view the value of my ISA?

You are able to view the value of your ISA 24/7 by opening your MyPlans account.

I have an ISA with another provider, can I transfer to Foresters?

Yes, you are able to transfer a Stocks and Shares ISA or Cash ISA to Forester Life. We do not charge entry, exit or transfer fees.

Please note we do not accept Lifetime ISA or Help To Buy ISA transfers.

Learn more about ISA transfers >

What is the interest rate?

There is no interest rate as our ISA invests in stocks and shares and is not a Cash ISA. Stocks and Shares ISAs have the aim of providing better growth than cash in the long-term.

Investing in stocks and shares provides better potential for growth than cash in the long-term. In every 10 year time period, over the last 112 years, the probability of stocks and shares outperforming cash was 91% (Barclays Equity Gilt Study 2021).

I have opened one ISA element with Foresters, can I open the other?

If you are eligible for our other ISA element (Stocks and Shares or Lifetime), you will be able to open this online or with your Financial Adviser.

Discuss your options with a Financial Adviser >

Alternatively, please contact us.

Guide to ISAs

ISAs are an excellent way of saving. But did you know you have a choice of five ISAs suitable from Lifetime ISAs to Junior ISAs. Take a look for more information.

Read our article

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