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STOCK AND SHARES ISA

The Scottish Widows ISA has the same wide investment choice as the other Scottish Widows Platform Accounts, including discretionary portfolios. It allows consolidation of current and previous years’ ISAs into the one tax efficient environment with full flexibility on withdrawals. You can apply for the Accounts below on the Scottish Widows Platform through your financial adviser.

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FEATURES AND BENEFITS

  • The tax-efficiency of an ISA makes it an excellent way for you to save towards your financial goals.
  • Arranging for ISA charges to come from your General Investment Account is a great way to add value as it can make a difference to your potential investment growth.

The Stocks and Shares ISA on the Scottish Widows Platform is a flexible ISA. You can deposit up to the £20,000 ISA limit (2024/25 tax year), as well as replace any withdrawals taken from the ISA in the tax year.

WHAT DOES THIS MEAN FOR YOU?

The flexible ISA will allow you to replace withdrawals taken out of your ISA within the current tax year without the replacement contributions counting towards your ISA subscription, giving you peace of mind that you can manage your money in a way that suits you.

APPLICATION

You are eligible for this Account if you:

  • are aged 18 years or over
  • are a resident in the UK and have been for at least the last 6 months (for tax purposes)
  • have not have paid into another ISA of the same type in the current tax year
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CHARGING

The Account charge is a percentage charge based on the value of the assets under administration in your Account.

For more information on our charges, take a look at our ‘Easy to understand charges – at a glance’.

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THE RISKS

As with all investments, there is some risk involved:

  • The value of the Account may go down – and you may get back less than you invested.
  • The level of risk and potential performance depends on the assets invested in.
  • If you are transferring from a Cash ISA, you should be aware of the increased risks associated with Stocks and Shares ISAs.
  • Changes to tax law may affect the tax benefits of the Account.
  • Charges may increase in the future.
  • Over time, inflation will reduce the buying power of money.

MANAGING THE ACCOUNT

Keep your Account in check and up to date.

TAKING MONEY OUT OF AN ACCOUNT

You can arrange regular withdrawals monthly, quarterly, half-yearly or yearly. You can take one-off withdrawals from available cash in your Account at any time.

TRANSFERRING FROM THE ACCOUNT

You can transfer your Stocks and Shares ISA at any time to another Cash ISA or Stocks and Shares ISA Manager either as cash transfer or re-registering the assets.

If you wish to transfer the assets, you must transfer:

  • all the payments you have made in the current tax year, and/or
  • some or all the value of the Account from payments made in a previous year.

CLOSING AN ACCOUNT

If you change your mind about the Stocks and Shares ISA, the Account can be cancelled within 30 days of you receiving a cancellation notice. You can contact us by post at Scottish Widows Platform, PO Box 24065, 1 Tanfield, ​Edinburgh, EH3 1EY, or by email at service@scottishwidowsplatform.co.uk.

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DOCUMENTS

For supporting documents please view our literature library.

View documentation
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PERSONAL PENSION

Flexibility to provide for the most simple or sophisticated requirements, including both the Pension Commencement Lump Sum (PCLS) and Uncrystallised Funds Pension Lump Sum (UFPLS).
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STOCKS & SHARES ISA

Our Flexible Stocks and Shares ISA has access to a wide range of assets, and allows contributions to be replaced if they are withdrawn with in the same tax year.
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GENERAL INVESTMENT ACCOUNT

Access to a wide range of assets, giving savings the potential for capital growth and income, as well as providing a flexible means of investing and accessing money.
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JUNIOR PERSONAL PENSION

Giving your children a head start – a parent/guardian will be required to be added to the Account as the registered contact, with the child as the Account holder.
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JUNIOR STOCKS AND SHARES ISA

Tax efficient gifting between generations on the Junior Stocks and Shares ISA; available for children up to the age of 18.
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THIRD PARTY INVESTMENT ACCOUNT

These allow you to retain the product features of your existing pension or offshore bond whilst being able to access additional investment opportunities through the Scottish Widows Platform.
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