Shepherds Stocks and Shares ISA is the smart way to benefit from your ISA allowance and make your savings TAX-EFFICIENT
No matter how much or how little you can afford to save for a brighter future, your money will grow faster if you pay less tax on your savings - that's why a Shepherds ISA can help you save more tax-efficiently. The money you invest and its growth is free from income or capital gains tax, yet you can still have access to your money whenever you need to.
Our easy-to-follow forms make opening or transferring an ISA simplicity itself.
Just look at what the Shepherds ISA has to offer:
How much can I invest in a Shepherds ISA?
Everyone over the age of 18 can invest in a Shepherds Stocks and Shares ISA, provided you live in the UK and are ordinarily resident here for tax purposes. You can invest regular monthly premiums, minimum £50 a month, and/or lump-sum investments, minimum £500, to your Stocks and Shares ISA as long as the amount does not exceed the limit for the particular tax year. (You can obtain the ISA allowance for each tax year on HM Revenue and Customs website or alternatively call us on 0161 428 1212 and we will be happy to inform you).
How will my ISA grow?
Your ISA will grow when it receives a share of the profits of the Shepherds fund (as the fund is made up from a mixture of assets, their value will move up and down over time and this may affect how much we add to your ISA as bonuses). It should be considered as a medium (5 years plus) to long term investment. And remember there's no tax to pay on any interest earned, no capital gains tax on any profits and no need to include your Stocks and Shares ISA on your tax returns.
Can I get access to my money?
You can have access to your money at any time; all we require is that you withdraw a minimum of £100 at any one time. A minimum balance of £100 needs to be left in your ISA.
Can I transfer an existing ISA to the Shepherds ISA?
Yes - all you need to do is complete a transfer form. We will then contact the existing ISA company and write to you when we have received the money.
It's easy to apply for a Shepherds ISA or to transfer an existing ISA
Simply download and complete an application form or an ISA transfer form. Or call our customer service team on 0161 428 1212 and they'll send you the correct form. If you're looking to transfer an existing ISA we can make the necessary arrangements for you.
Important things to consider
- Bonus rates vary from year to year depending on the performance of our investments and in some years we may not pay out any at all.
- HM Revenue and Customs may change the tax status of an ISA in the future.
- Inflation and making regular withdrawals may affect the purchasing value of your investment in the future.
- In poor investment conditions we may apply a Market Value Reduction (MVR) (please see the ISA Key Features document).
All references to taxation are to UK taxation and are based on Shepherds Friendly Society's understanding of current legislation and HM Revenue and Customs which may change in the future. Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full Terms and Conditions of this plan which are available from your financial adviser or by contacting us directly. The Shepherds ISA may return you less than you have invested. It is intended to produce growth over the long term.
It is different from deposit accounts, which typically provide instant or easier access to your money. If you have a need to access your money you should always consider holding sufficient funds in a deposit type account.