Why you should save with the renewed ISA limit

21st January 2022

Are you saving for your future in an ISA? There are so many benefits of investing and making the most of your ISA limit. Which is why we’ve put together everything you need to know about our Stocks and Shares ISA and Sustainable Stocks and Shares ISA to help you decide if it’s the right investment for you.

Why should I open a Stocks and Shares ISA?

Investing into a Stocks and Shares ISA can give you the freedom to be financially prepared for the future. Whether you have a specific savings goal or not, your savings will help you be able to put the lump sum you receive towards future life goals such as towards a house deposit, a new car or to fund higher education.

What is my annual ISA limit?

The 2022/23 tax year begins on 6th April 2022 and with a new tax year comes a new ISA limit. Moving on from 2021/22 your ISA limit hasn’t changed, meaning you can continue to save up to £20,000 in an ISA before being taxed. For more information on the new tax year read What is the ISA Allowance in 2022/23?

How is a Sustainable ISA different from a Stocks and Shares ISA?

While the Sustainable Stocks & Shares ISA is a version of the Stocks and Shares ISA, its key difference is where it’s invested. Instead, being invested in an ESG fund. You’ll also have the added benefit of knowing that your investment has helped make an active change in the environment as well as help bring about social and governance change.

What is Sustainable Investing?

Sustainable investing means investing in companies who are actively working to make a positive ESG difference (to the environment, society and governance). Which is why for our Sustainable ISA, we won’t trade with businesses or make investments which could harm the environment or society, or who aren’t conscientious about their corporate governance. For example, trading with a business who have high carbon emissions, high pollution rates, mismanagement of privacy and data and have a lack of diversity within the business. 

What are the benefits of opening a Stocks and Shares ISA or Sustainable ISA with Shepherds Friendly?

  • They are easy to set up and manage online 24/7.
  • You can pause, top up or change your payments at any time.
  • We aim for better returns than cash ISAs and savings accounts through annual bonuses.
  • You can be proud knowing that your investment with Shepherds Friendly has helped advance a variety of sustainable factors.
  • With your ISA limit you can save up to £20,000 before being taxed.
  • Finally, if open a plan today and you can receive a Love2shop voucher worth up to £50.

How much can you pay into an ISA?

You can invest regular monthly premiums and/or lump-sum investments. The minimum monthly premium is £30 a month, which can be increased at any time by a minimum of £10 a month. While the minimum lump-sum you can invest is £100. Remember: When investing, your capital is at risk. In poor investment conditions a Market Value Reduction (MVR) may be applied.

Why open a plan with Shepherds Friendly?

For nearly 200 years Shepherds Friendly have been providing fair and easy to manage financial services to their members. As a mutual, our members have the added benefit of having more profits the business earns go back into the membership. 

What do our members say about investing with Shepherds Friendly?

We believe in keeping things simple and putting our members first. That’s why we’re highly rated on independent review platforms, with over 2,750 reviews across REVIEWS.io and Trustpilot.