Foresters
you and
your family

Whether you are saving for a rainy day, or something more exciting, it’s important to get a good return on your money. If you start saving regularly, you’ll find that your savings start to add up quickly.

The Forester Life Individual Savings Account offers a flexible way to invest in stocks and shares whatever your budget. Designed for low-cost stakeholder savings, you can invest from as little as £20 up to £20,000 in the 2016/17 tax year. If you want to split your ISA allowance between stock and shares, cash and peer to peer lending, you are free to open a Cash ISA and/or an Innovative Finance ISA with another provider. The only restriction is that you will not be able to invest more than £20,000 overall, for the tax year.

Even if you already have a Cash ISA, there’s real growth potential with a Forester Life Stocks and Shares ISA that offers a low-charge, risk controlled investment in stocks & shares and fixed interest bonds, giving the potential for a good balanced return. Don’t forget that the value can fall as well as rise.

Features of our ISA include:

  • Professionally managed by Schroders – Your savings are balanced between stocks and shares and fixed interest holdings by the experienced fund management team at Schroders.
  • Flexible - It’s up to you. Save as little as £20 a month, make single contributions – or both; up to £20,000 this financial year. You can change contributions or make withdrawals at any time.
  • Clear, low capped charges – The only charge is an annual management charge of 1.5% and then 1% after 10 years. Unlike some other providers, we don’t charge entry, exit or transfer fees.
  • Manage your account online – View and add contributions at any time.
  • Keeping up with inflation – We automatically increase the amount of your regular savings each year to help your contributions keep pace with inflation.

Did you know?

  • You can save up to £20,000 a year to provide a tax-free lump sum
  • You can open a Stocks and Shares ISA even if you have a Cash ISA, as long as the combined amount does not exceed £20,000
  • You can transfer your existing ISAs to us, both Stocks and Shares ISAs and Cash ISAs, with no charge from Foresters

Important Documents

Key Features for our Individual Savings Account

Key Features

View the Key Features of our Individual Savings Account (ISA)
Download now >

Terms and Conditions for our Individual Savings Account

Terms & Conditions

View the Terms & Conditions of our Individual Savings Account (ISA)
Download now >

Tax-free means that any return will be free from both Income and Capital Gains Tax. The fund your Plan invests in also grows free of Income and Capital Gains Tax. Tax treatment depends on individual circumstances and may be subject to change in the future. As with all stock market investments the value can go down as well as up and you could get back less than you paid in.

Transfer your Cash or Stocks and Shares ISA to Foresters >

Already have an online account?

Sign in to My Plans and make it easier to open and top-up your plan.
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Quick and easy to apply.
What you'll need:

  • Your National Insurance (NI) number
  • Your bank details
  • Your Debit Card (if you wish to make a single contribution this way)

What might I get back from my Plan?

If saving for yourself or your family, a lump sum in the future could make a difference whether it is funding university for the children or a round the world trip for yourself. Take a look at the illustrations below to get an estimated fund value so you can see what could be available in the future.

Monthly
Amount
Fund Value After
5 years 10 years 20 years
£50 £3,430 £7,940 £22,100
£100 £6,860 £15,800 £44,300
£250 £17,100 £39,700 £110,000
£500 £34,300 £79,400 £221,000
£1,270 £86,300 £197,000 £538,000

 

Single
Amount
Fund Value After
5 years 10 years 20 years
£500 £591 £700 £1,030
£1,000 £1,180 £1,400 £2,060
£2,500 £2,950 £3,500 £5,150
£5,000 £5,910 £7,000 £10,300
£15,240 £18,000 £21,300 £31,400


The Forester Life ISA is a medium to long-term stakeholder investment scheme and as such meets the standard for ‘capped charges’. There is an annual charge of 1.5% of the value of the funds you accumulate, dropping to 1% after 10 years. If your fund is valued at £250 throughout the year, this means that we charge £3.75 that year. If your fund is valued at £500 throughout the year, this means that we charge £7.50 that year. After 10 years these deductions would reduce to £2.50 and £5.00 respectively.

Every year we will send a statement showing the value of the plan.

Important Notes

  • For the purpose of the projections, monthly amounts assume an automatic increase of 2.5% per annum, except for £1,270, which is 2.0% per annum.
  • These figures are only illustrative and not guaranteed. You could get back more or less than this and you may get back less than you paid in. What you will get back depends on how your investment grows and on the tax treatment of the investment. Investments can go down as well as up.
  • Inflation would reduce what you could buy in the future.
  • These illustrated figures should be studied in conjunction with the Key Features and Terms & Conditions of the Forester Life ISA.
  • Information is based on our understanding of current legislation and HM Revenue and Customs practice, and may be subject to change. Taxation will depend on individual circumstances.

Your ISA questions answered

What is a Stocks and Shares ISA?

A Stocks and Shares Individual Savings Account (ISA) is a ‘wrapper’ that can be put around a wide range of different savings and investment products to help save you tax. With ISAs, you can build up your savings free of personal liability to Income and Capital Gains Tax regardless of the rate at which you typically pay tax.

What is the Forester Life ISA?

The Forester Life ISA offers a flexible and simple way to invest in Stocks and Shares, whatever your budget. Designed for low-cost stakeholder savings, you can save from as little as £20 to up to £15,240 in the 2016/2017 tax year.

Stakeholder investment schemes were introduced by the Government to offer consumers straightforward, low cost, risk-controlled products which meet certain standards.

The Forester Life Stakeholder Managed Funds aim to achieve medium to long-term growth consistent with stakeholder standards for ‘risk-controlled’ investment. The Funds include investments which consist of shares, index linked and other fixed interest securities designed to provide growth potential without undue risk.

Am I eligible to take out an ISA?

Under current legislation, you are eligible for a Forester Life ISA if you are aged 18 or over and a UK resident for tax purposes. The ISA allowance applies to every individual, so if you have a partner they can also take advantage by starting their own tax-efficient savings. You must remain a UK resident to continue your contributions to an ISA.

What’s the difference between an Innovative Finance ISA and a Stocks and Shares ISA?

An Innovative Finance ISA invests in peer-to-peer lending platforms allowing you to lend money to individuals or businesses. Our Stocks & Shares ISA invests in risk-controlled stakeholder funds which include a spread of stocks and shares, so your returns can vary. Both Innovative Finance ISAs and Stocks and Shares ISAs benefit from favourable tax treatment.

What’s the difference between a Cash ISA and a Stocks and Shares ISA?

A Cash ISA is similar to a regular bank or building society savings account, but with special tax advantages – your savings grow free from Income and Capital Gains Taxes. Our Stocks & Shares ISA invests in risk-controlled stakeholder funds which include a spread of stocks and shares, so your returns can vary. Both Cash and Stocks and Shares ISAs benefit from favourable tax treatment.

Which one could be right for me?

Stocks and Shares ISAs could be more suited to those looking to save for the medium to long-term.

What are the individual circumstances where I may be taxed?

As long as you stay within the ISA rules, you will not have to pay any tax on the gain you make from your ISA savings/investment.

How can I save into my Stocks and Shares ISA?

Single contributions can be made by debit card or direct from your bank (via Direct Credit), or you can set up monthly contributions by Direct Debit.

What are the charges?

The only charge on our Stakeholder ISA is an Annual Management Charge of 1.5% of the fund value per annum, and reduces to 1% per annum 10 years after the first contribution. The Forester Life Stakeholder Managed Funds meet government-set stakeholder standards, which means more of your money is invested for your benefit.

Can I have a Cash ISA, an Innovative Finance ISA and a Stocks and Shares ISA at the same time?

You can have just one type of ISA or a combination of two, or all three, providing the total invested does not exceed the ISA limit in each tax year.

I’ve already got a Stocks and Shares ISA. What can I do?

You can transfer it into a Forester Life ISA, if you want to. Forester Life does not charge for transfers.
Transfer your Cash or Stocks and Shares ISA to Foresters >

How long should I invest in a Stocks and Shares ISA?

Your ISA has no specific term but should be seen as a medium to long-term investment. You should aim to invest for at least five years. Don’t forget, after 10 years you benefit from reduced charges.

Can I contribute to more than one Stocks and Shares ISA in the same tax year?

No.
The information on our website is provided for information purposes only. It is not financial, investment, tax, legal or any other type of advice. Any decision you make to apply for a Forester Life ISA is entirely yours.

Any other questions?

Please call us on:

0333 600 0333

8:30-5:00 Mon-Fri
Local rates apply


Already making the most of your ISA allowance?

You can still access our investment expertise, and the benefits of Stakeholder saving, through our Savings & Investment Plan which aims to provide medium to long-term investment growth in a risk-controlled fund.

  • Low cost stakeholder saving and investing from as little as £20
  • No maximum savings limit
  • An option for customers who wish to save or invest over and above their ISA allowance

Find out about our Savings & Investment Plan >

Foresters Financial Sense and Simplicity