ISA Transfers

Cash ISA transfers

Cash ISAs have suffered from low interest rates for many years, but our Ethical Stocks and Shares ISA aims to achieve higher returns over the medium to long term by investing in a single fund containing a mix of stock market investments, government and corporate bonds, property and cash.

Transfer a Stocks and Shares ISA

If you are looking for a lower risk ISA, our Healthy Investment Stocks and Shares ISA could be ideal as you will be investing into our Ethical With-profits Fund, which includes a mix of stocks and shares, fixed interest bonds, commercial property and cash deposits. The mix of assets held changes over time.

A Guaranteed return

Stock markets can go down as well as up, but with our Stocks and Shares ISA you’ll always get
back your initial investment, plus all of the bonuses that have been added, less any withdrawals of course, as long as the investment is withdrawn on the 10th anniversary of opening the ISA or any subsequent 5th anniversary.

Transfer cash ISAs and stocks and shares ISAs up to a limit of £500,000 without affecting your annual ISA allowance.

A truly ethical investment - no investment directly in companies in the alcohol, tobacco and arms industries.

Safe and secure - 100% of your investment covered under the Financial Services Compensation Scheme, not limited to £50,000 or £85,000.

Transfer ISAs to Ours without affecting your allowance

Bonuses added annually depending on investment performance, once added cannot be taken away.

Important Points

Is it for me?

You might consider the Healthy Investment Ethical ISA if you have an existing cash ISA and are looking for an investment that has some risk but the potential to achieve higher returns over the medium to long term.

You might also consider this ISA if you wish to reduce the risk profile of an existing Stocks and Shares ISA by investing in the Healthy Investment Ethical Stocks and Shares ISA that invests in a single fund of stocks and shares, fixed interest bonds, commercial property and cash deposits with a low to medium risk profile with capital and bonus guarantees on specific anniversary dates.

You can invest any amount up to £500,000 with the knowledge that 100% of your investment is covered under the financial services compensation scheme.

Transferring your ISA is simple. We take care of all the details and contact your existing providers to arrange the ISA transfer. All we need is the name of your existing supplier and your ISA account number.

Things to think about

Although the ISA grows through bonuses, bonus rates are not guaranteed and in exceptional circumstances could be nil.

There are no early surrender penalties on the Healthy Investment Ethical ISA, however it should be seen as a medium to long-term investment.

If you cash in, or make a withdrawal, a Market Value Reduction (MVR) may also be applied, which, if not made on one of the guaranteed MVR free dates, could reduce the amount you receive and you might receive back less than you invested. A MVR may be applied if there’s a significant fall in the value of the stocks and shares, or other investments we have invested in.

If you have a cash ISA, Innovative Finance ISA or a Lifetime ISA, any remaining ISA allowance can be invested into a Healthy Investment stocks and shares ISA.

If you invest into a Healthy Investment stocks and shares ISA you will not be able to invest in a stocks and shares ISA with another provider during the same tax year.

Inflation will reduce what your investment will buy in the future.

Tax rules can change at any time.

If you have any doubt whether this ISA is right for you, you should seek financial advice.

Our Ethical With-profits Fund

If you decide to invest in a Healthy Investment stocks and shares ISA, you will be investing into our Ethical With-profits Fund, which includes a mix of stocks and shares, fixed interest bonds, commercial property and cash deposits. The mix of assets held changes over time.

Our Ethical With-profits Fund does not knowingly invest directly in companies in the alcohol, tobacco and arms industries and gambling and pornography providers.

The Society aims to provide a consistent return by smoothing the investment return to avoid volatile fluctuations in the value of your investment. Smoothing may not protect you against long term or sustained falls in the value of investments.

For further information on our Ethical With-profits Fund please click here.

Bonuses and benefits

Reversionary bonus
A reversionary bonus is an annual bonus which, once added to your ISA, can never be taken away. In light of the Coronavirus outbreak the Board deferred its 2019 bonus declaration until investment markets stabilised. The bonus declaration has now been finalised and the 2019 bonuses added to investments.

The Healthy Investment Ethical ISA was launched on 6 April 2019, therefore annual bonuses prior to 2019 are based on previous series of ISAs. Charges and guarantees are based on those applying to the Ethical ISA:

2019 – 2.50%
2018 – 2.25%
2017 – 3.00%
2016 – 2.75%
2015 – 2.75%

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board’s expectations of future performance. The level of bonus also reflects the capital and bonus guarantees. The rate of bonus can change every year and could in exceptional circumstances be nil.

All reversionary and interim bonus rates are net of charges. The bonus rate declared is the bonus rate you receive.

Interim bonuses
Unlike declared reversionary bonus rates, which can never be changed, interim bonus rates can be increased or reduced by the Board at any point during the year. The current interim bonus rates are based on a prudent view of future investment performance, solvency and expenses over the year. Interim bonus is paid on all withdrawals made since the last reversionary bonus declaration and on death.

Terminal bonuses
A terminal bonus is an additional final bonus which may also be added on partial and full withdrawals or in the event of the death of the investor. The rate of final bonus can be changed at any time or can be withdrawn altogether.

Life cover
If you die your capital is protected. The ISA will pay out at least what you have invested, less, of course, any withdrawals you have made. We know that protecting your initial investment in the event of your death is important, especially to our older members.

Capital and bonus guarantees

The Healthy Investment stocks and shares Ethical ISA comes with important capital and bonus guarantees to ensure that you receive back your initial investment plus all the bonuses that have been added to your ISA, less any withdrawals of course, providing you withdraw on one of the key anniversary dates.

The first guarantee anniversary date is on the 10th anniversary of opening the ISA and every 5th year after that.

MVRs are never applied on death. This means that if you die your estate is guaranteed to receive more than you invested.

What could I get back?

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board’s expectations of future performance.

The Key Information Document includes examples of what you might receive back based on different investment scenarios. It also helps you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Download our latest Key Information Document for our ISA.

Single Regular