ISA - Individual Savings Account.

Our range of stocks and shares ISAs

Invest in our range of stocks and shares ISAs or a Junior ISA with Legal & General.

Stocks and shares ISAs

An introduction to stocks and shares ISAs.

Junior ISA

Our Junior ISA could give your child a financial head start in life.

Transfer your ISA

How to transfer your ISA to Legal & General.

ISA - Individual Savings Account

  • An ISA is a ‘wrapper’ designed to go around an investment, to make it tax-efficient.
  • There are two types of ISA investment:
    • Stocks and shares ISA: this gives you the chance to invest your money in equities, bonds or commercial property without paying personal tax on any returns you might make.
    • Cash ISA: this is like a normal deposit account - except that you pay no tax on the interest you earn.
  • The ISA limit for 2014/15 is £11,880. You can invest the full amount into a stocks and shares ISA or you can invest up to £5,940 into a cash ISA and the balance into a stocks and shares ISA. 
  • The annual ISA allowance is for every eligible adult. This means a husband and wife, for example, could put up to £23,760 between them into ISAs this tax year.

The chart below shows examples of how you can split your ISA investments.

You can invest inISA AllowanceCircumstances
Junior ISAup to £3,784 this tax yearYou can invest up to the annual limit between a cash Junior ISA and/or a Junior stocks and shares ISA.
Cash ISAup to £5,940 this tax yearYou can only invest half of your ISA allowance in a cash ISA.
Cash ISA and Stocks and Shares ISAs up to £11,880 this tax yearYou can invest up to £5,760 in a cash ISA and the balance in a stocks and shares ISA.
Stocks and Shares ISAsup to £11,880 this tax yearYou can invest all of your ISA allowance in a stocks and shares ISA.

The Government has recently announced that from 1 July 2014 ISAs will be reformed into a simpler product called the ‘New ISA’ (NISA).

From 1 July 2014 the amount you can save in a NISA will be increased to £15,000 for the 2014-15 tax year. You can choose to save in the following ways:

  • Use the full £15,000 in a stocks and shares NISA.
  • Use the full £15,000 in a cash NISA.
  • A combination of amounts between a stocks and shares NISA and cash NISA up to the overall limit of £15,000.

If you invest in an ISA with us between 6 April 2014 and 30 June 2014, from 1 July 2014 you will be able to add further money up to the new limit of £15,000.

Important information

  • The tax efficiency of ISAs is based on current rules. The current tax situation may not be maintained. The benefit of the tax treatment depends on individual circumstances.

Stocks and shares ISA

  • Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed.
  • You may get back less than you invest.
  • Although there is no fixed term you should consider stocks and shares ISA investments to be medium to long-term, ideally five years or more.

Junior ISA

  • Please remember the value of your child’s investment may fall as well as rise and is not guaranteed. 
  • Your child may get back less than the amount invested.
  • The money invested in a stocks and shares Junior ISA is locked away until your child becomes 18 and then rolls up into an adult ISA. You should consider it to be a medium to long-term investment, ideally of five years or more.

Getting started

Whether you’re new to investing or looking to grow your portfolio, we can help.

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