Enjoy Tax-Efficient Savings
What is an ISA?
Individual Savings Accounts (ISAs) are a little gift from the UK government, so you should really make the most of them.
Use it or lose it
Use your ISA allowance by 5th April, or lose it forever.
Almost half the adult population of the UK have an ISA, with the highest regional uptake being in the South West of England
Source: Office of National Statistics
Before ISAs there were PEPs (Personal Equity Plans) and TESSAs (Tax-Exempt Special Savings Accounts)
A couple saving their maximum annual ISA allowance into an investment ISA each year, could become ISA millionaires* in just 14 years
*Figures assume two adults both saving their maximum ISA allowance of £20,000 p.a. in a Wealthify Adventurous Plan. Value of investment after 14 years would be £1,057,260, after fees.
Why choose a Wealthify investment ISA?
With saving rates so low, now may be the time to consider an investment ISA, for a chance for better returns.
- Easy sign up process
- Effortless investing
- Your money won't be locked away and you can withdraw it without penalty
- Access your account 24/7
- Low fees and no hidden costs
- No capital gains tax or income tax to pay on your money as it grows
Transfer to a Wealthify ISA
Why would you transfer?
With the ISA limit increased to £20,000, now may be a good time to consider putting some of your money in an Investment ISA:
- Use part or all of your ISA allowance to save tax-efficiently in an Investment ISA for a chance of better returns.
- Save money on fees - you may be paying higher fees for your other investment ISAs and could save if you consolidate
- Your money won't be locked away, you can withdraw or transfer it at any time, if you need to
How to do it?
You can transfer any cash ISAs or investment ISAs (aka stocks & shares ISAs) you have with other providers to Wealthify
Transferring ISAs from previous tax years doesn’t impact your current ISA allowance at all, so you can still put up to £20,000 into an ISA this tax year. However, if you want to transfer an ISA you’ve paid into this tax year, you have to transfer the whole amount, and it will count towards this year’s ISA allowance
Within your Wealthify ISA, you can set up as many different ISA Plans as you like, both for transfers in and for this year’s ISA allowance
When you transfer an ISA to Wealthify, you should always use the official ISA Transfer Form to retain the ISA tax benefits
To find out more, download our Guide to Investment ISAs.
Please remember with an investment ISA your capital is at risk.
Wealthify Customer Reviews
Wealthify have delivered excellent customer service for me when I needed some help transferring my general investment account to an ISA plan. I've also opened 2 Junior ISAs because I think its important to start investing for my children early. I really like the way their communications are really clear and informative. I've not had any problems as yet. I'm expecting my money to go down a bit as we are facing issues with uncertainty around Brexit etc... but investing is something I am hoping to do for a long time and I hope that this is something I will reap the benefits of especially for my children.
Excellent Service
The app and investment options seem good and all, but my reason for leaving a review was the amazing customer support I received. I spoke to Rhiannon Maggs and she was wonderful. The perfect person to talk to. She was kind, professional, helpful, and she replied instantly. I'm leaving this hoping that possibly someone in a managerial position may see this and be able to give her what she deserves. Honestly from my experience she is the perfect employee and should be rewarded. Thank you Wealthify, and thank you Rhiannon!
My experience with Wealthify has been fantastic so far. The website is easy to use and the customer service are very responsive. Additionally, I had some issues with the app not working, so I emailed the team and they got back to me really promptly, not only fixing my issue by addressing the app issues and getting them fixed too!
Great service. Quick responses from customer. Steady performance from the investment team.
Easy to setup and use, simple charging structure, well balanced investment portfolios, easy withdrawal and lovely people.
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