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 and 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
Amazing customer service, had a few issues regarding withdrawals which were my fault. Highly recommend.
One of my work colleagues put me onto Wealthify. It is simple, easy to use and the communication about your portfolio and re balancing is excellent. I am hooked. I have set up a monthly DD and transfer spare cash no matter how small to build the portfolio. I am maxed on ISA contributions elsewhere so am using it just for supplemental trades.
I'm huge on personal finance, investing and saving. And, for me, Wealthify has allowed me to set up my investment fund, make use of my ISA allowance and make contributions / investments on auto-pilot. I knew that investing into Stocks, Shares, Bonds, Property and so on were all great, long term things to do, but Wealthify has made it easy and dummy-proof... I love it already!
I have found it extremely easy to set up and monitor my ISA. There is plenty of information about stock movements being made on my behalf and it feels like a very personal service being offered by this young company.
Staff is very friendly and quick to respond to any questions that I had. Everything is extremely transparent with emails when they are making drastic changes in the investment plan and as for performance, they did really put my money to work hard with good investment choices and a truly diversified portfolio.
Lovely customer service, decent returns, easy account to open and close. Overall very satisfied!
Read more reviews at Reviews.co.uk