The Moneyfarm ISA
Flexible, tax-efficient and fully managed, the Moneyfarm Stocks and Shares ISA helps you reach your financial goals.
Whether you’re new to investing or a seasoned pro, our cost-efficient investment advice matches you with an investment portfolio that’s built and managed by a team of experts to reflect your investor profile.
The Moneyfarm ISA could be the key to helping you unlock your family’s future.
What are the benefits of the Moneyfarm ISA?
Invest up to £20,000 each tax year and your money can grow tax free. The more money you keep invested, the closer you get to your goals
Our cost-efficient investment advice means you’ll always be invested in a portfolio that’s suitable for you, for as long as you invest with us
Our investment experts build and manage your portfolio to help your money grow – all you have to do is pick when and how much to invest
Transfer for free
You shouldn’t feel trapped by your ISA provider, which is why Moneyfarm never charges a transfer fee. We’ll also do the hard work for you
See what you’re invested in, how you’re performing and how much you’re paying. Do it anywhere and any time with the Moneyfarm app
Simple and flexible
Set up an ISA in 10 minutes and get your money out in five working days. Moneyfarm manages your investments, but you’re in control
How does the Moneyfarm Stocks and Shares ISA work?
Discover your investor profile
Answer questions about your goals, financial situation and attitude to risk, to discover your investor profile
Match with the right portfolio
We’ll recommend the right ISA portfolio for you, built and managed by our experts to help your money grow
Add funds to your ISA account
Add money to your ISA by setting up a direct debit or investing a lump-sum. You can even transfer old ISAs for free
Receive ongoing investment advice
You’ll always be invested in a portfolio that’s suitable for you, and you can manage this through the Advice Centre
How much will your Moneyfarm ISA cost?
We keep costs simple and only charge you one fee at an account level; our management fee. That means there’s no extra cost for transferring your ISA, rebalancing or withdrawing your money. The total cost of investing includes two further costs, the transaction cost (market spread) and underlying fund fee.
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How to transfer your ISA to Moneyfarm
Transferring to Moneyfarm is simple and free. All you need to do is log-in to your Moneyfarm account, and fill in the transfer details – we’ll do the rest on your behalf.
That includes talking to your existing provider, getting your account closed, and moving your old ISA over to your Moneyfarm ISA account.
It typically takes between 15-30 days to transfer, although this is up to your provider. It’s really important you transfer your ISA properly, and don’t try and move the money yourself. You’ll lose all your allowance and tax benefits once you remove your money from your tax wrapper.
If you’ve got any questions about transferring your ISA, get in touch with our Investment Consultants.
We’re here to guide you
Our Investment Consultants are here to talk you through every part of your investment journey – whether you have questions about your account, your performance or the the decision-making behind the latest rebalancing.
Technology makes our investment advice cost-efficient; our Investment Consultants make our service work for you.
What is an ISA?
The Individual Savings Account, or ISA for short, helps savers and investors grow their money in a simple and tax-efficient way, over time.
The main benefit of an ISA is that you can grow your money tax-free. When you invest in a stocks and shares ISA, you won’t pay tax on your profit if your investment portfolio increases in value.
Keeping more of your money invested in the right portfolio can help you reach your financial goals quicker.
What is an ISA allowance?
The ISA allowance is £20,000. This means you can put up to £20,000 in your ISA each year, and any income or growth in the value of your investment will be protected from tax.
You don’t have to use all of your £20,000 ISA allowance, just what you’re comfortable with. It’s important to remember that you can’t roll your allowance into the next year, so use it or lose it.
You can spread your £20,000 allowance between the different ISAs, however you can only open one of each in a single tax year. The 2018/19 financial year runs from 6 April 2018 to 5 April 2019, don’t miss out!
You don’t have to use all of your £20,000 ISA allowance, just what you’re comfortable with.
When should you use your allowance?
The earlier you start investing in a stocks and shares ISA, the longer your money can stay invested and benefit from market movements. This means you have longer to benefit from tax-free returns.
The longer you have, the more risk you can take with your investments. This means you can expect higher returns – although investments can go down as well as up. A longer time horizon will give your money longer to recover.
Don’t worry, you don’t need to invest it all at once! Adopting a little and often strategy can actually help smooth out fluctuations in an asset price, bringing down the average price you pay for your investments.
Why is a stocks and shares ISA important?
A stocks and shares ISA helps protect your money from inflation and grow it for the family milestones ahead of you. On top of this, any money is protected in a tax-free wrapper.
Both the cash ISA and stocks and shares ISA play an important role in financial planning, but they cater to different goals. Cash savings aren’t exposed to short-term fluctuations on the stock market, so can work well for shorter-term goals.
A stocks and shares ISA is often used for goals five years away, or more. As markets move up as well as down, there’s an opportunity to grow your money, and often this can help to protect you from inflation risk.
At Moneyfarm we build portfolios with a diverse range of assets based on your investor profile and time horizon to ensure you’re comfortable with any losses, whilst also aiming to deliver long-term returns.
What is a stocks and shares ISA?
How much is the ISA allowance?
This tax year you can put up to £20,000 in your ISA.
Tax year 2018/19 – £20,000
Tax year 2017/18 – £20,000
Tax year 2016/17 – £15,240
Tax year 2015/16 – £15,000.
You can pay your whole allowance of £20,000 into a stocks and shares ISA, a cash ISA, or a combination of the two. Even if you have a cash ISA elsewhere, you can still open a Stocks and Shares ISA with Moneyfarm. You can choose between making a lump sum investment, and/or making regular contributions throughout the tax year. The ISA is flexible to suit you. Your annual ISA allowance expires at the end of the tax year and any unused allowance will be lost. It’s a case of ‘use it or lose it’, as your allowance can’t be rolled into the next year. With Moneyfarm, you can invest more than the ISA allowance, but any investments outside the wrapper threshold won’t be sheltered from tax.