If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change. 

Ready-made ISA

Leave the investment decisions to the experts with our hassle-free,
tax-efficient investment package.

Ready-made ISA benefits

blue mug in circle

Hassle-free

Experts handpick and manage your investments.

blue sign with an upwards arrow in a circle

Tax-efficient

No UK Income Tax or Capital Gains to pay on profits.

zero pounds in a blue coin

No account fees

No dealing fees, initial fund charges or monthly admin fees.

twenty thousand pounds in a blue coin

Invest up to £20,000 this tax year

Your annual ISA allowance is set by the government. Withdraw money anytime.

A Ready-made ISA to suit you

We offer three types of Ready-made ISA. Simply choose a fund from our range of funds below which best suits your attitude to risk and investment aim.

Slide to view more
Fund
Risk
Investment aim
ES Share Centre Multi Manager Income Fund Low Income
ES Share Centre Multi Manager Growth & Income Fund Medium Balanced
ES Share Centre Multi Manager Growth Fund Higher Growth

Your investments

Your money will be invested in one of our three funds of funds, depending on your account choice:

Pie Chart Blue ES Share Centre Multi Manager Income Fund

Pie Chart Orange ES Share Centre Multi Manager Growth & Income Fund

Pie Chart PinkES Share Centre Multi Manager Growth Fund

They each contain a range of funds from well-known providers, which enables you to benefit from their expertise and spread risk by diversifying across different markets and sectors.

Ready-made ISA costs

Your fund’s annual management charge and ongoing charge (see links above) are taken from the fund itself, so you don’t need to worry about paying them separately. There are no account fees, dealing fees, or initial fund charges to pay.

Cash withdrawals

3-5 day transfers Free
Same day transfer £25
Overseas £50 (restrictions apply)
Cheque £25

Optional services

Statements & contract notes by post rather than email £2.40 per month

Transfers

Transfer to another provider £25 per account
Re-registration to certificate £25 per certificate

Other

Bounced cheque or unpaid Direct Debit £25
Deceased customer account administration £100
Overdue fee charge - Sell stock (per investment) £7.50 (To recover overdue fees on your account we may need to divest the equivalent value of your investments, plus this additional charge to cover the cost of the trade)

Costs and charges illustration

To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.

Download Black View costs & charges sheet

Payment of charges

Ongoing fund charges are automatically taken from your fund. If you opt for postal statements & contract notes, the fee will be collected from your account on the 26th of each month, or the next business day.

What interest will be paid on cash?

Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.

Find out more about the Ready-made ISA

What is a Ready-Made ISA?

ISA stands for ‘Individual Savings Account’. They enable people to put money away, whether that be as cash or investments, without having to pay any further income tax or any capital gains tax on any profits made. ISAs do not have to be reported on tax returns, and most of the time, you can withdraw your money whenever you need to.

In a Ready-Made ISA, rather than choosing your own investments like you would in a Self-select Stocks & Shares ISA, these decisions are made for you by our investment experts. You simply choose which Multi-Manager Fund suits your investment aims, and then allow the fund managers to invest your money for you.

Who can open a Ready-Made ISA?

Anyone aged 18 or over who is a UK resident or a Crown servant (or spouse/civil partner of one) can open a Read-made ISA. It cannot be opened with someone else or on behalf of someone else.

Each tax year, you can spread your ISA allowance across the four different types of ISA (Cash, Stocks & Shares, Innovative Finance ISA and, if you are eligible, Lifetime ISA). But you can only open and subscribe into one of each type per tax year.

In the new tax year, you can then open a new ISA and either leave your old ISAs where they are or transfer them across to your new provider. Transferring between providers doesn’t affect your annual allowance, but do check with the provider if there is a transfer out charge.

How many ISAs can I have in one year?

Each tax year, you can spread your ISA allowance across the four different types of ISA (Cash, Stocks & Shares ISA, Lifetime and Innovative Finance) but you can only pay into one of each type per tax year.

When paying into multiple types of ISA in a tax year, they don’t all have to be with the same provider. You can have a Cash ISA with a bank and also pay into a Stocks & Shares ISA with a stockbroker.

Once the tax year ends, you aren’t limited to just using the same providers. You can open accounts for the new tax year with someone else, and either leave your old ISAs where they are or transfer them across to your new provider.

What are Multi-Manager Funds?

A Multi-Manager Fund is a type of investment portfolio that invests in other funds, rather than in stocks and shares. They are professionally-managed by several different investment managers, hence ‘Multi-Manager’. Essentially, this means your money will be invested for you by investment managers in a fund that you choose based on your investment aims.

You can find out more about the funds that we offer by using the links above.

What is the difference between the Multi-Manager Funds?

We have three different funds you can invest in: Income, Growth & Income and Growth. It’s best to choose a fund based on what your investment goals are.

If you want an income with some potential for capital growth at a lower risk, the Income Fund is most likely to be your ideal. If you prefer to have exposure to developed and developing stock markets and have an appetite for medium risk returns, you can invest in the Growth & Income Fund. If you’re aiming for capital growth and have an appetite for high risk returns, the Growth Fund is most closely aligned to your investment goals.

As with any investment, your capital is at risk when investing in any of these funds.

Why invest in Multi-Manager Funds?

If you’re looking to invest without the hassle or the knowledge of choosing your own investments, a Multi-Manager Fund provides a way to do this.

Multi-Manager Funds work by investing in other funds, depending on the level of risk you choose. They can be good for some investors as they have experienced managers keeping on an eye on your investments, and choosing your own risk level means you still have a good level of control without the hassle of keeping up to date on the stock market.

How much can I put in my ISA?

Changes added or could be the same as Self-select paragraph.
The government sets an annual ISA limit, which for 2019/20 and 2020/21 is £20,000 per tax year.

Do I have to pay tax on any earnings?

ISAs are considered to be tax-efficient because they are free from further UK income tax or capitals gains tax on any profits made.

However, they’re not quite tax-free as they can still potentially be subject to inheritance tax.

Can I withdraw my money?

With a Ready-made ISA you can sell your investment whenever you want, and get the proceeds paid into your bank account. Depending on how quickly you want the money there may be a charge attached.

Find out more information about our withdrawal process.

Why invest with us?

Tips and tools

grey hammer in circle
small dark grey hammer in circle

Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.

Safe & secure

dark grey padlock in a circle
small dark grey padlock in circle

As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).

Award-winning

dark grey trophy in a circle
small dark grey trophy in circle

We’re proud to be regularly recognised by industry awards for our outstanding customer service.