Established 1863

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Stocks and Shares ISA
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Stocks and Shares ISA

Our With-profits Stocks and Shares ISA gives you a flexible way to potentially outperform a Cash ISA over the longer term without the volatility typically associated with a Stocks and Shares ISA.

You can invest in our Stocks and Shares ISA in addition to your Cash ISA each year as long as you don’t exceed the annual ISA limit set by the government (£20,000 in the 2017/18 tax year).


Main Product Features

  • Flexible

    There is no fixed term of years (although you should consider it a medium to long term investment, typically 5 years or more)

    There is no set premium – you can pay in regularly by direct debit of £50 or more and / or invest lump sums at any time up to the annual ISA limit. If you pay by Direct Debit you can alter the amount whenever you want or even stop paying for a period of time.

    You can make withdrawals at any time, although this will obviously affect the total return

    You can transfer ISAs from other providers to us or transfer your Red Rose ISA to another provider

  • Tax free

    Our ISA provides a tax free return when you cash in, transfer to another provider, or on your death

  • Bonus rate

    The annual bonus declared for 2016 is 4%. The current interim bonus rate is 3.5%. A terminal bonus may also be paid, ensuring that you receive your ‘fair share’ of the profits made by the Society’s with-profits fund whilst you have held the ISA with us.

    The annual management charge is 1.5%.

  • With-profits fund

    Your investment is in our with-profits fund.  This is a mixture of equities, gilts, corporate bonds, property and cash, reducing the volatility typically associated with stocks and shares.

Things to consider

You will find more information about the ISA in the key features document and below are some important points that we want you to be aware of:

This is a medium to long term investment (5 years or more) and although it is flexible so that you can withdraw some or all of the money (with a £100 minimum) at any time, you could get back less than you have invested

The value of your ISA depends upon future investment performance and the bonus rate could reduce

Once added, bonuses become guaranteed and cannot be taken away. However, in order to protect the remaining members of the with-profits fund, the society reserves the right to apply a Market Value Reduction to encashments during adverse market conditions, in other words when investments drop in value significantly

Inflation will have an effect on the future purchasing value of your investment

HMRC could change the tax status of ISAs in the future

Stocks and Shares ISA
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Product Comparison Table

Product
Tax Exempt Savings Plan

Stocks and Shares ISA

Investment Bond
Min prem £10 £500 initial
then £50pm
£500
Max Prem £25
(a taxable version is available if a higher premium is required)
£20,000
for 2017/18 tax year
Unlimited
Min age at outset 17 18 Birth
Max age at outset 74 None 90
Min term (years) 10 None
but should be considered a medium to long term plan (5 years or more)
None
but should be considered a medium to long term plan (5 years or more)
Max term (years) 30
(but must mature before 85th birthday)
Unlimited Unlimited
Fixed term Yes No No
Flexible contributions No Yes
can add lump sums, amend or stop regular payments and start again later
No
Life cover Sum assured plus all bonuses added to date of death 101% of the ISA value at date of death 101% of the Bond value at date of death
Transferable No Yes
can be transferred from or to another provider
No