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WorkSave ISA.
A flexible savings solution for the workplace
Our stocks and shares ISA offers employees a tax-efficient savings solution for investing regular salary contributions, maturing SAYE shares or cash lump sums.| Flexible investment options – regular contributions | There’s a selected range of our unit trusts for employees to choose from. This range has been selected to provide employees with a choice of asset class, fund management style and geographical region. This means that it's suitable for a variety of risk attitudes.
Regular contributions can only be made into this selected range. Employees can choose to invest in up to five unit trusts. Changing contributions to a different choice of unit trust(s) from the selected range is free of charge. If at a later date, employees want to diversify their investment beyond the selected range of our unit trusts, there’s the option to invest lump sums in the open market (UK ISA qualifying shares and/or UK authorised collectives, including other funds from our wider range). We’ll invest on an employee’s behalf via our stockbroker, in line with the employee’s instructions. Minimum investment levels and charges will apply. Regular contributions will continue to be invested in your employee's choice of funds within the selected range of our unit trusts. | ✓ | ||
| Flexible investment options – SAYE share contributions | Options to invest in the open market:
There is a minimum investment of £500 for the initial share contribution and £200 for subsequent share contributions. | ✓ | ||
| Flexible investment options – additional cash lump sums | Once an employee has invested, there’s the option to make additional lump sum payments. Option to invest in either the open market or in the selected range of our unit trusts. Minimum contribution of £200 for additional cash lump sum payments and subsequent share contributions. | ✓ | ||
| Structured pricing | There’s an Administration Fee (individually underwritten for each corporate client) for any investment into the WorkSave ISA. For regular contributions, an Annual Management Charge (AMC) is applied at unit trust level with the Administration Fee payable for the set-up and ongoing maintenance of the WorkSave ISA. The AMC is dependent on the unit trust(s) chosen. If investing beyond the selected range of Legal & General unit trusts into the open market, further charges will apply. For SAYE share contributions and lump sum payments, stockbroker fees will apply in addition to the Administration Fee. Fund charges may also apply dependent on the chosen investments. Charges will vary according to the investment options chosen. | ✓ |
You need to know
- The value of a stocks and shares ISA may go down as well as up, and is not guaranteed. Investors may not get back the full amount invested.
- Where a significant part of the investment is in an individual asset, such as shares of a single company, there will be a greater investment risk than if it is invested in a number of different assets.
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