What is an ISA?
An Individual Savings Account is a popular, tax-efficient way to invest. There’s no tax to pay on any income earnt from your investments.
Every tax year, starting 6th April, you can save up to the ISA allowance set by the Government, currently £20,000 overall.
Forester Life ISA
Our ISA is the only one on the market that gives you the option to combine both a Stocks and Shares ISA and Lifetime ISA in one Plan.
Our Lifetime ISA is invested identically to a Stocks and Shares ISA, with the added benefit of a generous 25% Government bonus added to your savings, if you hold it for at least 12 months and use the amount saved towards your first home or later on in life.
ISA Terms and Conditions
Our Stocks and Shares ISA element
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
Save from as little as £20 (£10 if you save in a Stocks and Shares ISA too)
Up to £4,000 each tax year
Investment decisions are all made for you by the professionals at Schroders
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.
Our ISA fund
Our ISA invests in a fund which is professionally managed by Schroders. They use their expertise to identify investment opportunities in the UK and worldwide and make the investment decisions on your behalf.
The fund has a conservative strategy, meaning no more than 60% of the investment is in shares – reducing the effects of market fluctuations but giving the opportunity for growth. The rest of the fund invests in government bonds, fixed income and cash. The fund also follows a sustainable investment approach, considering the impacts to the environment. The fund is called the Foresters Stakeholder (Schroders) Managed Fund for our ISA.
We will be introducing a Shariah compliant Adult ISA and two further funds. These will include a climate change fund as well as a global equity fund.
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.