Aviva ISA - a stocks and shares ISA

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What is a Stocks and Shares ISA?

The Aviva ISA is a stocks and shares ISA that allows you to save and invest in a tax efficient way. It allows you to invest all of your money in stocks and shares, all of it in cash - variable interest rate 0.5% gross/Annual Equivalent Rate (AER), or a combination of both, up to the ISA allowance, which is £15,240 for tax year 2015/2016.

Reasons to open Aviva ISA

  • Ability to move between investment options and cash, all under one account.
  • Choose and buy from a wide range of investments, giving you control over what you invest in.
  • Access and manage your own account online.
  • Open an account from as little as £50 per month or £500 lump sum.
  • Low Aviva charges of no more than 0.40% p.a.

The value of some investments could go down as well as up. You may get back less than the amount that has been paid in.

How to apply for Aviva ISA

Are you eligible?

To save and invest in our ISA you must be:

  • Over 18.
  • Resident in the UK.

You may also be eligible if you, your spouse or civil partner work overseas for the UK Government​.

You can only invest in one stocks and shares ISA each tax year from any provider.

Please make sure you read:

These important documents explain the basis of the agreement you’ll be entering into.

How much to invest and when

You can:

  • Make regular payments from £50 a month, or
  • Make lump sum payments of at least £100 (provided you’re making regular payments or paid in a lump sum of £500 initially).
  • Change your regular payments whenever you want, as long as you’re within your ISA allowance.
  • Stop and re-start payments at any time.

Charges

Aviva charge

This is our annual charge for managing your Aviva ISA.

  • If you have an Investment Account or Pension as well as an ISA through this platform, we’ll use these to calculate the Aviva charge.
  • When we calculate the Aviva charge, we don’t include money held in any cash accounts. No Aviva charge will be made against money held in any cash accounts.

The Aviva charge is applied incrementally depending on the value across all your products. 0.4% is charged on amounts below £50,000, then 0.35% between £50,000 and £250,000, then 0.25% between £250,000 and £500,000, and 0% on any over £500,000.

Value of all platform products Annual charge
£0 - £50,000 0.40%
£50,000 - £250,000 0.35%
£250,000 - £ 500,000 0.25%
Above £500,000 0%

The charges are calculated on a daily basis and taken monthly from the cash accounts.

You need to make sure there is enough money in the cash account to cover our charges. If there isn’t enough money in your cash account we will automatically take the money from across your investments. For full details, please read the terms and conditions.

We’ll give you 30 days’ notice if we have to change our standard Aviva charge.

Paper correspondance charges

We send information about your account to you electronically. There’s a £3.00 per month charge for paper correspondence.

Fund manager charges

In addition to our Aviva charge, fund managers take charges which depend on the investments chosen. These charges will be shown as the ongoing charges figure (OCF) or total expense ratio (TER). They represent the annual cost of managing the investment. You can find full details of fund manager's charges on the Key Investor Information Document.

Tax

ISA allowance

You can invest up to an annual limit of £15,240 in 2015/2016. This can be all in stocks and shares, all in cash (variable interest rate 0.5% gross/Annual Equivalent Rate (AER), or a combination of both. You can’t subscribe to more than one cash ISA and one stocks and shares ISA in the same tax year.

Tax benefits

Any capital growth​ and income from your ISA are currently free from capital gains tax​ and income tax. You don’t have to pay tax on any withdrawals from your ISA.

Your precise tax benefits will depend on your personal circumstances and current tax laws. We’ve based our information on current UK legislation, but this may change in the future.

If you are unsure of your tax position you should seek advice.

Choose your investments

Choose from a range of funds​.

We offer a range of ready-made funds which you can choose from based on how much risk you want to take, as well as a wider range of investments. Visit Choose your investments for more information.

You don’t have to choose your investments as soon as you open an account. Your money can remain as cash within the cash account until you’ve told us how you’d like to invest it. The cash account currently has a variable interest rate of 0.5% gross/Annual Equivalent Rate (AER)​. This account is not designed to be a long term investment option and will typically pay a lower interest rate than inflation. No Aviva charges are paid on money held in the cash account.

We currently use HSBC as the provider of the cash account on this platform service although this may change from time to time.

If you’re transferring an ISA from another provider, you’ll need to wait until the transfer has been processed before choosing your investments.

If you have any queries, please contact us on 0808 115 8157.

What are the returns?

From your investments

The investment returns you might get will depend on the fund you choose and how much risk it carries. Risk is often measured by something called volatility. This refers to how often, and how far, an investment’s value rises and falls over time.

Investing in funds with high volatility could mean having very little money at a time when it’s needed – but such funds can bring more opportunity for higher returns. Lower risk investments tend not to change as much over time, but can offer lower returns. The value of investments and the income from them can go down as well as up. You may get back less than the amount that’s been invested.

From the cash account

Remember, the Aviva ISA is a stocks and shares ISA – not a cash ISA – but it does include a cash account where your money is placed until you tell us how you’d like it to be invested. This currently pays interest of 0.5% gross/Annual Equivalent Rate (AER)​ a variable rate which is subject to changes. Please bear in mind that inflation will reduce how much you can buy with this money in the future.

When can I access my money?

  • You can arrange to withdraw money from your ISA at any time.
  • When you take out money from your ISA the minimum single amount you can withdraw is £100.
  • The minimum regular amount you can withdraw is £50 per month
  • You can arrange for your ISA to be withdrawn in full at any time. Some investments may need to be sold before your money can be accessed.

Depending on what investments you have made, the value of your ISA may have fluctuated, so you may get back less than you have invested.

Transfer an existing ISA

You can transfer an existing ISA in to the Aviva ISA, subject to our terms and conditions.

You can now transfer money from a cash ISA to a stocks and shares ISA, and vice-versa

There are no payment limits for transfers in from another ISA.

You can combine single payments and transfer payments to meet our minimum payment. The single payment will count towards your annual limit of £15,240 for the tax year 2015/2016, while the transfer will not.

How do I manage my account?

You’ll access your account through MyAviva – our online service that provides a single, convenient location for you to manage the Aviva products you use.

Here’s what you can do on MyAviva:

  • Review how your investments are performing.
  • Change your investments at any time.
  • Access all of your policy documents and statements

Apply now

Open an ISA

Not ready to choose your investments yet? You can open an ISA now and choose your investment later. Your money will initially be invested in cash

Apply to transfer an existing ISA

Call us now for more information

0800 285 1088

Lines are open:
Monday to Friday, 8.00am-6:30pm.
Saturday, 9.00am-12noon.

Calls are free from UK landlines and mobile phones.
For our joint protection, telephone calls may be recorded and/or monitored.

We can give you all the facts about Aviva’s products and services.

We can’t give you advice. If you are unsure whether a product or a service is suitable for you we can put you in touch with a financial adviser who can give you a personal recommendation. This service will be restricted advice and is limited to a number of product providers. There may be a charge for their advice.

Alternatively, you can visit www.unbiased.co.uk to find an adviser in your area.

Nothing on this site is personalised advice or a recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice.

We can give you all the facts about Aviva’s products and services.

We can’t give you advice. If you are unsure whether a product or a service is suitable for you we can put you in touch with a financial adviser who can give you a personal recommendation. This service will be restricted advice and is limited to a number of product providers. There may be a charge for their advice.

Alternatively, you can visit unbiased to find a financial adviser in your area.

Nothing on this site is personalised advice or a recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice.

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