Individual Savings Accounts (ISAs)

A tax efficient way to invest your money

Do you want to put your money somewhere where the tax man won’t be able to get his hands on it, then talk to Nationwide Independent Financial Services Limited about a Stocks and Shares ISA.  

Find out which ISA is right for you

Through our team of completely Independent Financial Advisers we can get to know you and search the market to find the best options for your ISA investments. Book an appointment to talk to us about getting investment advice that fully reflects your needs.

Anyone who is a UK resident and aged over 16 can invest in a Cash ISA, and if over 18 can also invest in a Stocks and Shares ISA.

Stocks and Shares ISAs, a longer term option

Stocks and Shares ISAs, can potentially provide greater returns over the longer term. There are a range of funds available that are invested in collective investments.  A collective investment is where lots of people put their money into a fund, which is then invested in one or more asset classes by a fund manager. Risk within a collective investment can be varied to suit the individual investor which means they can offer excellent flexibility.

The professional expertise of an investment manager is used to pick investments, which should be matched to the level of risk and time periods you are prepared to invest for – this should be at least a minimum of 5 years. Due to the investment nature of a stocks and shares ISA, we believe that you should seek suitably qualified independent financial advice, to understand fully any risks involved.

Cash ISAs offer instant access

Cash ISAs, which are predominantly offered through banks and building societies can offer an excellent way to invest monies on an instant access basis, though many do also offer fixed rate alternatives. Cash ISAs can offer a safe home for the cautious investor, but there can be a risk of inflation eroding capital value in an economy of low interest rates.

Review your current ISA arrangements

A review of your existing ISA arrangements can make perfect sense. If you are invested in a Cash ISA providing a less than competitive rate of interest or in a Stocks & Shares ISA and the performance or underlying investment does not match your expectations and requirements, then you can consider transferring without losing the tax free status. You can also transfer money from a Cash ISA into a Stocks and Shares ISA without losing the tax-free status, however you cannot move from Stocks and Shares into cash.

You should check whether your existing ISA manager will charge an exit fee or penalty. You will not benefit from any returns while the transfer is pending. If you decide to cancel an ISA once the transfer has taken place rather than transfer to another provider, you will lose the ISA entitlement relating to that transfer and the proceeds will be sent to you.

Stocks and shares ISAs can offer excellent tax advantages and investment opportunities, but unfortunately too many of us fail to take advantage of investments that are efficient.

To make more of these opportunities, you can either book a meeting with a Nationwide Independent Financial Services Limited adviser, call in to your nearest Cheshire Building Society, Derbyshire Building Society or Dunfermline Building Society branch.

Alternatively call us on 08456 021 899.

Lines are open 8am to 7pm, Monday to Friday and 8:30am to 12:30pm on Saturday. Calls are charged at local rate. All calls are recorded and may be monitored for service quality or security purposes to prevent or detect crime.

Tax treatment is dependent on individual circumstances. Tax information on this page is based on our understanding of current law and HM Revenue and Customs practice, which can change.