Individual Savings Accounts (ISAs)
Costs
In many cases, an ISA will cost no more than the charges of the investments held within it. In fact, fund management groups will sometimes make the cost of investing in their stocks and shares ISAs cheaper than if you invested in the same fund but without the ISA wrapper. So, a unit trust management group may levy a 5% initial charge on a unit trust bought outside its ISA, while the same fund, investing in the same stocks and shares, can be bought within the same manager's ISA wrapper for 3%.
Similarly, investors may find that the rates being offered for savings accounts within the bank or building society's ISA are notably better than those offered by the same institution outside the ISA wrapper.
Transferring your ISA
Download guide† (89 KB)
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