The simple way to invest in stocks and shares

How the investment ISA works

• A tax-efficient Stocks & Shares ISA which allows you to invest up to £7,200 this tax year.
• Invest an initial lump sum of £1,000 or save by monthly Direct Debits from just £50 a month.
• You can also transfer an existing ISA from another provider.
• Your money is invested in our with-profits fund and bonuses may be added to your ISA each month based on how well the fund is expected to perform. We may also use an Investment Performance Adjustment (IPA) to adjust any significant differences between your monthly bonuses and the actual performance of the with-profits fund.
• All the money you receive back from your ISA will be completely free of income tax and capital gains tax.
• You can apply if you're aged 18 or over and are either:
  - a UK resident who normally lives in the UK and will be living in the   UK for at least 6 months of the current tax year; or
  - a Crown employee serving overseas, or the spouse or civil partner   of a Crown employee serving overseas.
• You will receive an annual statement so you can track the growth of your investment.
• To enjoy capital growth you should treat the Investment ISA as a medium to long term investment - but you can access your money at any time, providing you withdraw a minimum of £500 and your ISA balance does not fall below £1,000.
  
  Please note: The tax treatment of the policy may change in the future and could also depend on your individual circumstances.