Stocks and Shares ISA (With-profits)

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 £25 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 2021 is 2.125%. The current interim bonus rate is 2.125%. 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.

• How do the charges work on your ISA?

  There are no fees when you pay money in, transfer, or withdraw money, or close the ISA. The only fee is a 1.5% annual amount.

  This is taken out in small amounts each week when the ISA Fund value is calculated. We take approximately 1/52 of 1.5%, so that over the year, we will deduct a total of 1.5%. The actual amount taken each week will depend upon your ISA value each week.

  As an example, if your ISA was worth £1,000 every week throughout the year, your charges would be 28.8p per week. Over the whole year therefore your charges would total £15.