ISA


Reduce how much tax you pay


An ISA is a great way of legally reducing how much tax you pay. How? Well, with our stocks and shares ISA you won’t pay tax on the return you get from your investment. You’ll need to be a UK resident over 18 to open one, and you can invest up to £20,000 each tax year.

A guaranteed return


Stock markets can go up and down - but with our stocks and shares ISA you’ll always get back your initial investment, plus all of the bonuses that have been added to the investment (less any withdrawals of course) as long as the investment is cashed in on the 10th anniversary of the investment or any subsequent 5th anniversary.

Regular bonuses


The investment grows through the regular bonuses that are added every year and you’ll start to earn from day one. You may also get a final bonus when you cash the ISA in or you make a withdrawal. The level of bonus can change each year and is not guaranteed.
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Start your Healthy Investment ISA today, with just a one off investment of £500 or £25 per month.
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A truly ethical investment - no investment directly in companies in the alcohol, tobacco and arms industries.
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Available to UK residents over the age of 18 (an alternative Junior ISA is available for children who don’t have a Child Trust Fund).
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Transfer cash ISAs and stocks and shares ISAs from elsewhere to our ISA, without affecting your ISA allowance.

Important Points


Available to any UK resident over the age of 18, invest for the future without paying any tax on the return your ISA makes.

You might consider this ISA if you already have savings in a bank or building society and you are now looking to put some money into an investment that has some risk but the potential for higher returns.

Invest up to £20,000 (2017/18 tax year) by adding a monthly amount (£25 minimum) or a single investment (£500 minimum).

If you have an ISA with another provider you can transfer this into a Healthy Investment stocks and shares ISA without affecting your current ISA year’s allowance.

You should see this ISA as a medium to long-term investment.

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

If you have to cash in, or make a withdrawal, from your ISA within the first 3 years, an early surrender penalty will apply. The early surrender penalties reduce each year the ISA has been invested, as follows:
Year 1 – 3%
Year 2 – 2%
Year 3 – 1%
Year 4 and over – nil

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.

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.

Reversionary bonus
A reversionary bonus is an annual bonus, which once added to your ISA, can never be taken away. Below are previous reversionary bonus rates we’ve applied to our stocks and shares ISA:
2016 – 2.50%
2015 – 2.50%
2014 – 3.00%

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 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 policies paid out within the year on both full withdrawal and death.

For our current interim bonus rates please contact our office.

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 the ISA will pay out 101% (or 100.1% if you were 80 or over when you invested) of your fund value or your fund value plus any terminal bonus, whichever is higher.

The Healthy Investment stocks and shares 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 the date you invested your 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.

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.

Important Documents


  • Key Information Document – Single

    Download

  • Key Information Document – Regular

    Download

  • Terms and Conditions

    Download

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Make sure you have read and understood the information provided

Download and carefully read the Key Information Document. This is our standard client agreement and you should read these terms carefully for your own benefit.

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