Invest through an ISA

The minimum investment in the Quality Shares Portfolio is £10,000 gross. The minimum investment in the Wealth Club Portfolio Service is £100,000 in aggregate (across SIPP, ISA and GIA).

You can transfer existing ISAs or invest new money, subject to your annual ISA allowance– £20,000 this tax year. If the allowance is not used in one tax year, you can’t roll it into the next – it’s lost.

You can split the allowance between different types of ISA.

All types of ISAs – including Stocks & Shares ISAs – should be free from UK dividend, income and capital gains tax. Investors do not need to declare these when completing their tax returns.

Investing in our Managed Portfolios should be considered a long-term investment. However, if your circumstances change, you may request for a withdrawal at any time – partial or in full.

You should be able to make withdrawals without affecting the tax benefits: the amount you withdraw should be tax free. The Wealth Club ISA is a flexible ISA, which means you can replace the amount(s) you withdraw in the same tax year, if you wish, without using up additional ISA allowances.

Any funds you contribute or transfer to the Wealth Club ISA will be invested in the portfolio you choose.

Please see the Schedule of Charges in our Terms and Conditions. There are no set-up or transfer-in fees. You only pay the investment charges for the Managed Portfolio you choose, as listed in the relevant Factsheet. These include an ongoing manager fee, an ongoing custody fee, dealing fees and, where applicable, underlying fund fees.

You can transfer any type of ISAs from any provider to the Wealth Club ISA at any time.

The transfer is normally straightforward, but the rules are more complex if you wish to transfer a Lifetime ISA or an Innovative Finance ISA – please check with your provider or seek advice.

Before transferring, you should check you will not lose benefits (e.g. fixed-term fixed interest in a Cash ISA) or incur any penalties or lose your eligibility to make new investments (e.g. if transferring a Lifetime ISA before the age of 60).

No, ISA transfers do not normally count as opening a new ISA, so do not use up your annual ISA allowance.

To start a transfer, you simply provide the details of the ISA you wish to transfer (the whole fund or just a part) when you complete your application to invest in a Managed Portfolio.

We will contact your existing provider and take care of the rest. There is no transfer-in fee. We’ll transfer your ISA online, unless this is a partial transfer or your existing provider does not support online transfers. In these cases, you will be required to complete a paper form.

Your ISA will be transferred as cash, so you will need to sell your investments first and will be out of the market whilst the transfer takes place.

You can leave the cash and/or investments in your ISA to any beneficiary named in your Will.

They may have the option to sell the investments and receive the money or transfer the investments to their own investment account or ISA (subject to their ISA allowance).

It’s important to note ISAs are considered part of your estate. So, depending on the size of your estate on death, your beneficiaries may have to pay inheritance tax of up to 40%.

The tax treatment can be more favourable if you pass on your ISA to a spouse or civil partner. On your death, they will have a one-off chance to invest that amount in their own ISA (this is called an ‘Additional Permitted Subscription’), in addition to their standard allowance for that year. They would need do this with a provider that accepts Additional Permitted Subscriptions – this is not currently something the Wealth Club ISA offers.

However, please note on your spouse’s or civil partner’s death, the ISA would be part of their estate and potentially be subject to IHT then.

If you are concerned about inheritance tax, there are options experienced investors could consider.