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ISAs

  1. Overview
  2. In detail
  3. FAQs
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ISA in detail

Features

  • Save up to £15,000
    • Payments into an ISA are subject to upper limits set out by the Government (HM Treasury) each tax year
  • Invest using single or monthly payments
    • The minimum investment for monthly payments is £10 per fund subject to a minimum application of £50
    • The maximum monthly amount you can invest is £1,250
    • The minimum single payment you can invest is £1,000 for each application (or £500 per fund if you choose to invest in more than one fund)
  • There is no minimum or maximum investment period and you can access your investment at any time, however our funds are designed for the medium to long term (at least 5 to 10 years).

Investment amount

  • Your ISA allowance is set by the Government (HM Treasury) each tax year
  • With effect from 1 July 2014, you can invest £15,000 in total. Subject to the £15,000 limit, there are no longer any restrictions on the amount that you can invest in either a cash or stocks and shares ISA or a combination of both.

Investment options

Scottish Widows ISA Funds

  • We currently offer 13 funds for direct applications by post
  • You can choose just one, or spread your investment
  • The funds available have varying degrees of risk to help you select a fund or funds that suit your own risk profile
  • For detail of all the risks and charges applicable to the funds, please read our Key Investor Information Document(s) and our Supplementary Investor Information Document. The Key Investor Information Documents and the Supplementary Investor Information Document replace the Key Features/ Simplified Prospectus and provide details about your investment and the fund(s) that you've chosen.
  • There is no minimum or maximum investment period and you can access your investment at any time, however our funds are designed for the medium to long term (at least 5 to 10 years)
  • There are maximum investment limits each year.

Income or growth?

You can choose whether you would like to invest in a fund aiming for income or growth or a combination of both.

Income

  • A fund which aims to provide an income
  • If you select income shares it could provide you with a regular income from your investment
  • You can also select Accumulation shares if you wish to have any income added to the value of the fund
  • You can only select income shares if you invest a single payment.

Growth

  • A fund which aims to build up an investment for your future
  • These have Accumulation shares which retain any income earned by the shares within the fund and this is reflected in the value of the shares.

Combined Income and Growth

  • These funds offer both Income and Accumulation shares
  • Please see ISA funds for more detail.

Please note you are unable to take an income from your investment if you are investing monthly.

Scottish Widows ISA funds

The table below gives a quick overview of the funds which are available. Just click on the fund name below to reveal more details about the selection of funds you can choose for your stocks and shares ISA.

Fund Name Income shares available Accumulation shares available Minimum Initial Payment Minimum Monthly Payment
Adventurous Solution No Yes £1000 £50
Balanced Solution No Yes £1000 £50
Cautious Solution Yes Yes £1000 £50
Corporate Bond Yes Yes £1000 £50
Defensive Solution Yes Yes £1000 £50
Discovery Solution Yes Yes £1000 £50
Dynamic Solution No Yes £1000 £50
Environmental Investor No Yes £1000 £50
Ethical No Yes £1000 £50
Gilt Yes Yes £1000 £50
Global Growth No Yes £1000 £50
Strategic Solution No Yes £1000 £50
UK Tracker Yes Yes £1000 £50

Adventurous Solution

The Adventurous Solution Fund aims to give long-term capital growth by investing mainly in funds such as collective investment schemes:

For details of all the risks and charges applicable to the Adventurous Solution Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Balanced Solution

The Balanced Solution Fund aims to give long-term capital growth by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Balanced Solution Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Cautious Solution

The Cautious Solution Fund aims to give long-term capital growth by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Cautious Solution Fund please read our Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Corporate Bond

The Corporate Bond aims to give either an income, while having regard to the capital value, or growth (when income is kept within the fund). To do so by investing mainly in investment grade corporate bonds and other fixed interest securities issued by companies primarily in the UK and also Europe.

For details of all the risks and charges applicable to the Corporate Bond Fund please read our Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Defensive Solution

The Defensive Solution Fund aims to give an income, or growth (when income is kept in the fund) by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Defensive Solution Fund please read our  Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Discovery Solution

The Discovery Solution Fund aims to give an income with the potential for long-term capital growth by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Discovery Solution Fund please read our  Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Dynamic Solution

The Dynamic Solution Fund aims to give long-term capital growth by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Dynamic Solution Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Environmental Investor

The Environmental Investor Fund aims to give long-term capital growth by investing in primarily UK companies which show a positive commitment to the protection and preservation of the natural environment. These companies are selected according to a broad range of environmental criteria. Such criteria are agreed with the Fund's independent advisory body, EIRIS (the Ethical Investment Research Service), which is made up of leading environmentalists.

For details of all the risks and charges applicable to the Environmental Investor Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Ethical

The Ethical Fund aims to give long term capital growth by investing in primarily UK companies with positive ethical practices.

For details of all the risks and charges applicable to the Ethical Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Gilt

The Gilt Fund aims to give either an income, while having regard to the capital value, or growth (when income is kept within the fund). To do so by investing primarily in UK Government and other fixed interest securities.

For details of all the risks and charges applicable to the Gilt Fund please read our Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Global Growth

The Global Growth Fund aims to give long term capital growth by investing in a wide portfolio of primarily company shares in any geographical area, including the UK.

For details of all the risks and charges applicable to the Global Growth Fund please read our Key Investor Information Document and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Strategic Solution

The Strategic Solution Fund aims to give long-term capital growth by investing mainly in funds such as collective investment schemes.

For details of all the risks and charges applicable to the Strategic Solution Fund please read our Key Investor Information Document (Share Class G Accumulation and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

UK Tracker

The UK Tracker Fund aims to give long term capital growth by tracking the performance of the UK equity market, currently represented by the Financial Times Stock Exchange 100 Index (FTSE 100 Index). The fund normally invests in all of the shares in the Index, but may invest in a sample of shares and derivatives. Discretion may be used over investing in shares entering or exiting the Index..

For details of all the risks and charges applicable to the UK Tracker Fund please read our Key Investor Information Document (Share Class G Accumulation) or Key Investor Information Document (Share Class G Income) and our Supplementary Investor Information Document.

Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).

It is important that you understand the risks associated with investing in this fund before making an application.

Apply now

Key reading

Risks

  • The benefits of the tax advantages will depend on your personal circumstances
  • Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years)
  • We may change the selection of funds we make available
  • The value of your ISA, and any income from it, is not guaranteed and can go up or down depending on performance (and currency exchange rate changes where a fund invests overseas). You may not get back the original amount you invested
  • Tax treatment depends on the individual circumstances of each client and may be subject to change in the future
  • Tax rules can change
  • No advice has been given to you so if you have any queries as to whether this product is suitable for you, please contact your financial adviser.

Need further information?

View our FAQs or contact us.

Not for you?

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Frequently asked questions for ISAs