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COMMON SCOTTISH WIDOWS ISA ENQUIRIES

How much can I invest?

  • The minimum single payment investment you can make into our ISAs is £1,000 via an ISA or ISA transfer.
  • You can top up your investment as long as each lump sum payment is £250 or more.
  • If you’re investing regularly, you can contribute from £150 per month into an ISA.
  • There is no maximum amount you can put in an OEIC fund but the maximum monthly payment to a stocks and shares ISA is currently £850.
  • If you choose to invest via an ISA, you can currently invest up to £10,200 in a stocks and shares ISA in each tax year, less any amounts saved in a cash ISA.


Can I switch between funds within my ISA?

  • Yes. You may decide to take a different investment approach and switch your investment from one Scottish Widows OEIC fund to another. No charges are currently made for switching between the different growth funds.

Switches between OEIC funds can be subject to capital gains tax. Capital gains tax isn’t applicable to ISAs.

Please refer to your Key Features for more information.


What will happen to my ISA if I die?

  • Your ISA will remain invested until we receive instructions from your executors. The tax benefits of an ISA will end immediately upon your death. In addition the total value of your ISA will form part of your estate for inheritance tax purposes.


Why invest with Scottish Widows?

  • Scottish Widows aims to find solutions that can help meet our customers’ financial needs. Part of our service is to make everything as clear and easy to understand as possible. As the specialist life, pensions and investment arm of Lloyds Banking Group we aim to help you achieve your long-term objectives.
  • Through the combined organisation of Scottish Widows and Lloyds Banking Group, planning for a more secure and successful future couldn’t be easier. You have access to a wide range of attractive products, supported by a wealth of knowledge and experience gained by looking after the individual and business needs of customers nationwide.
  • Scottish Widows has been helping people secure their financial future for over 190 years, so you know your money will be invested with a company you can trust.

For more information, book an appointment with a financial adviser

We understand that choosing where to invest your hard-earned money is an important and often tricky decision – there’s a lot to consider before you decide which product is best for you. But we don’t expect you to make that decision alone.

If you have an existing Halifax ISA Investor, see more common enquiries here.