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Stocks and Shares ISA (With-profits)

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 current tax year).

Stocks and Shares ISA (With-profits) Applications Currently Closed

Please note: We are not currently accepting new applications for our Stocks and Shares ISA (With-profits).

Please click here to contact us to discuss investments in our modern, alternative products.

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.

Things to consider

You will find more information about the ISA in the Key Informaion Documents and Key Features Document. 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 (With-profits)

Product Comparison Table

Tax Exempt Savings Plan


Investment Bond
Min prem £10 £25 pm
or £500 initial
Max Prem £25
(a taxable version is available if a higher premium is required)
for the current tax year
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)
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
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