Investments

Individual savings accounts (ISAs) are tax-free savings or investment accounts. You won’t pay any tax on any interest you earn or gains you make.

There are two main type of ISA – a cash ISA, which works like a regular savings account, and a stocks and shares ISA, which allows you to invest in funds, bonds and individual company’s shares.

There’s a limit to how much you can put into an ISA each financial year. For 2020/21 the limit is £20,000 . This can be divided between cash and stocks and shares however you’d like. Any unused allowance doesn’t roll over to the next year, so it’s worth making the most of it, if you can afford to.

You can open an ISA at any point in the tax year. It’s up to you whether you want to set aside a regular amount or deposit a lump sum.

The exact terms of your ISA will depend on the provider. Interest rates vary and some accounts offer instant access to your money, while others require it to be locked away for a set period.

Other types of ISA include Junior ISAs, which are for under-18s. They currently have an annual limit of £9,000 .

_{[1]https://www.gov.uk/individual-savings-accounts
[2]https://www.gov.uk/junior-individual-savings-accounts}

Yes. You can sign up for, or login to , our secure online account management service. You'll need to have a valid customer reference number to register for this service (this can be found on the top of any letters or statements). If you have more than one customer reference it doesn't matter which one you use.

To be eligible, you must be at least 18 years old and a UK resident.

You can apply for our pension by choosing the level of investment risk you’re comfortable taking, choosing your funds, providing your details and entering the amount you want to invest.

If your application is successful, your money will be invested within one working day. The money will stay invested and your pension will remain open until you decide to close it.

If you’re not sure if a personal pension is right for you, we have other saving options here.