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ISAs
ISA in detail
Features
- Save up to £11,520
- 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 £960
- 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
- Since 6 April 2013, you have been able to invest £11,520 in total. You can invest up to £5,760 of that in a cash ISA and the remainder in a stocks and shares ISA, or the whole amount in a stocks and shares ISA.
Investment options
Scottish Widows ISA Funds
- We currently offer 12 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.
Other Investment choices
- Other funds are available if you apply through your Independent Financial Adviser or Lloyds TSB, Halifax and Bank of Scotland branches.
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.
Please note that if the withdrawals you make exceed the level of investment growth then your fund value will be eroded.
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
- You can choose either or a combination of both
- 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 |
|---|---|---|---|---|
| Balanced Portfolio | No | Yes | £1000 | £50 |
| Cautious Portfolio | Yes | Yes | £1000 | £50 |
| Corporate Bond | Yes | Yes | £1000 | £50 |
| Environmental Investor | No | Yes | £1000 | £50 |
| European Growth | No | Yes | £1000 | £50 |
| Global Growth | No | Yes | £1000 | £50 |
| High Income Bond | Yes | Yes | £1000 | £50 |
| Opportunities Portfolio | No | Yes | £1000 | £50 |
| Progressive Portfolio | No | Yes | £1000 | £50 |
| Strategic Income | Yes | Yes | £1000 | £50 |
| UK Growth | No | Yes | £1000 | £50 |
| UK Tracker | Yes | Yes | £1000 | £50 |
Balanced Portfolio
The Balanced Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest in a balance of equity and fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 50% in fixed interest securities and 50% in equities.
For details of all the risks and charges applicable to the Balanced Portfolio Fund please read our Key Investor Information Document(s) 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.
Cautious Portfolio
The Cautious Portfolio Fund aims:
- To give income, with the potential for some long-term capital growth, by investing mainly in multi manager funds.
- The fund will invest at least 80% in fixed interest security funds (investing mainly in high quality fixed interest securities, including corporate bonds), with a low proportion in equity funds. These fixed interest security and equity funds will invest in UK and overseas markets
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 85% in fixed interest securities and 15% in equities.
For details of all the risks and charges applicable to the Cautious Portfolio Fund please read our Key Investor Information Document(s) 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.
Corporate Bond
The Corporate Bond Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing mainly in high quality corporate bonds and other fixed interest securities issued primarily by companies operating in the UK. The fund may also invest in Europe.
For details of all the risks and charges applicable to the Corporate Bond Fund please read our Key Investor Information Document(s) 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.
Environmental Investor
The Environmental Investor Fund aims to give long term capital growth by investing in companies, mainly in the UK, which show a positive commitment to the protection and preservation of the natural environment.
For details of all the risks and charges applicable to the Environmental Investor Fund please read our Key Investor Information Document(s) 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.
European Growth
The European Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly Continental European company shares.
For details of all the risks and charges applicable to the European Growth Fund please read our Key Investor Information Document(s) 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.
Global Growth
The Global Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly 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(s) 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.
High Income Bond
The High Income Bond Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing primarily in corporate bonds and other fixed interest securities issued by companies and governments operating in the USA, the UK and Europe. The majority of the fund will be in securities with a higher than average risk.
For details of all the risks and charges applicable to the High Income Bond Fund please read our Key Investor Information Document(s) 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.
Opportunities Portfolio
The Opportunities Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest at least 80% in equity funds with a low proportion in fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 90% in equities and 10% in fixed interest securities.
For details of all the risks and charges applicable to the Opportunities Portfolio Fund please read our Key Investor Information Document(s) 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.
Progressive Portfolio
The Progressive Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest up to a maximum of 85% in equity funds with a moderate proportion in fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 75% in equities and 25% in fixed interest securities.
For details of all the risks and charges applicable to the Progressive Portfolio Fund please read our Key Investor Information Document(s) 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.
Strategic Income
The Strategic Income Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing primarily in UK and European corporate bonds and other fixed interest securities. The majority of the fund will be in high quality securities but a significant proportion will be in securities with a higher than average risk.
For details of all the risks and charges applicable to the Strategic Income Fund please read our Key Investor Information Document(s) 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.
UK Growth
The UK Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly UK company shares.
For details of all the risks and charges applicable to the UK Growth Fund please read our Key Investor Information Document(s) 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.
UK Tracker
The UK Tracker Fund aims to give long term capital growth by aiming to track the capital performance of the UK equity market, as currently represented by the Financial Times Stock Exchange 100 Index. The fund normally invests in all of the companies included in the Index.
For details of all the risks and charges applicable to the UK Tracker Fund please read our Key Investor Information Document(s) 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.
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.
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