Bonus potential
As a mutual with no shareholders to pay, we can share our financial success with you. We can't guarantee a bonus every year, but we paid a 1% mutual bonus to ISA holders in 2020 and 2022.
Transfer to an ISA with smoother returns...
- Invest in our With Profits Fund, fully managed for you by our award-winning investments team
- Worry less about market dips thanks to smoothed returns
- Transfer cash ISAs or stocks and shares ISAs to make your money easier to manage
- Open your ISA with a transfer by 31st May 2024 and you could get an Amazon.co.uk Gift Card† – terms apply
Keep in mind that the value of your investment can go down as well as up, so you could get back less than you invested.
†Restrictions apply. See www.amazon.co.uk/gc-legal
Why transfer to Wesleyan's Stocks and Shares ISA?
Award-winning fund managers
The With Profits Fund is fully managed for you by our award-winning investments team. The fund holds more than £4bn of people’s money.
Manage your money online
Transferring your old ISAs into one can make your money easier to manage. With My Wesleyan, you can track the progress of your ISA online anytime.
How ISA transfers work...
See how much your new ISA could grow
If you move to a With Profits Stocks and Shares ISA, what might it be worth in 10 or 20 years? Use the calculator below to see how your investment could grow in a range of market conditions…
Enter an amount to see your potential returns
Here's what your investment return could look like...
Potential return
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Your contribution
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Investment gain
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The calculation assumes no initial or ongoing advice charge, but includes an annual management charge of 1.2% (charges may vary) and transaction costs of 0.05%. It assumes no change to contributions over the period of your investment.
Key features of our Stocks and Shares ISA
Smoother returns in unsteady times
To try and deliver steady returns, Wesleyan's With Profits Fund applies a mechanism called ‘smoothing’.
This means holding back some returns when market performance is strong, to support your returns when the market experiences losses. It helps reduce sharp day-to-day fluctuations in your ISA value, so you can worry less about what the market is doing.
Smoothing is explained further in the How our With Profits Fund works booklet.
Managed for you
When you transfer money into our Stocks and Shares ISA, you’re buying units in our With Profits Fund. The fund is managed by our investments team – named Investment Team of the Year (Re/insurer) at the Insurance Asset Risk Awards 2023.
It means you don't need to be a skilled investor to open your ISA. We manage the fund on your behalf, so you can simply focus on saving.
A diversified fund
The With Profits Fund invests in UK and international shares, government and corporate debt, property, cash and other financial investments. Spreading money across multiple asset classes like this can help to spread risk.
We class the With Profits Stocks and Shares ISA as a risk category 3 investment (on a scale of 1 to 5). This means a ‘moderate’ level of risk and reward.
Withdrawals and MVRs
While our ISA is designed for longer term investment, you're free to take money out at any time as long as you're withdrawing £500 or more.
Note that if you choose to withdraw money from your ISA at certain times (usually when share prices have fallen substantially), we may apply an adjustment which reduces how much you get back from that withdrawal. This is called a Market Value Reduction (MVR).
It’s designed to protect those still invested in the fund from a high volume of withdrawals being made by other customers at unfairly high valuations.
A Market Value Reduction at Wesleyan is extremely rare. There's not been one in place here since 2009.
Get an Amazon Gift Card worth up to £150*
Investment Team of the Year 2023
The With Profits Fund is managed by our in-house investments team - named Investment Team of the Year at the Insurance Asset Risk Awards 2023. When you transfer to Wesleyan, you can be confident your money is in safe hands.Things to know before you transfer
An Annual Management Charge (AMC) of 1.2% applies. This charge is collected automatically from your ISA.
If you are already opted in to Wesleyan Financial Services’ Ongoing Advice Service (OAS), the Annual Management Charge is 1.7%.
Key documents
Before you apply, please read the following documents:
Frequently asked questions
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Am I eligible for a With Profits Stocks and Shares ISA?Our Stocks and Shares ISA is open to UK residents (for tax purposes) aged between 18 and 74. Before you can open your ISA, we'll just need you to complete a knowledge check to make sure you understand how the ISA works.
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How much can I transfer into a With Profits Stocks and Shares ISA?
Each tax year (6th April to 5th April), there’s a certain amount of money you’re allowed to pay into a stocks and shares ISA. For tax year 2024/25, that allowance is £20,000 (just be aware that tax rules for ISAs can and do change, so the allowance may vary from year to year.)
However, if you're transferring money built up in previous tax years, that money won't count towards your 2024/25 allowance. So you can transfer as much as you like.
If you're looking to transfer contributions made in the current tax year, your remaining ISA allowance will depend on how much you've already paid in.
For example, if you've contributed £5,000 to ISAs in this tax year, and you transfer that into a With Profits Stocks and Shares ISA, you'll have £15,000 allowance remaining for 2024/25.
If you haven't yet contributed to an ISA this tax year, you could transfer any amount of old ISA holdings across to us, and still have your full £20,000 allowance for 2024/25.
Once you've completed your transfer, you'll be able to make further contributions either by topping up with a lump sum, or setting up monthly payments.
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How do I manage my With Profits Stocks and Shares ISA?Once you've opened your ISA, you can top up and manage your account online, or if you prefer, by phone or post.
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Can I withdraw money from a With Profits Stocks and Shares ISA?
Our Stocks and Shares ISA is best suited to people who are able to commit for at least five years, so ideally, you should only invest money you won't need to touch in the short term. That said, you can withdraw money at any time if you need to, as long as you withdraw at least £500 each time.
You'll pay no personal income tax or capital gains tax on your investment returns from your ISA.
This is based on current understanding of legislation and tax treatment, which can change in the future.
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What does the With Profits Fund invest in?
The fund invests in a wide range of assets including UK and international shares, government and corporate debt, property, cash and more.
If you'd like to see a full asset breakdown and a list of the fund's top holdings, take a look at the latest With Profits Fund factsheet, by searching for 'With Profits ISA' in our fund prices centre.
Like all our directly managed funds, the With Profits Fund applies our principles of sustainable investing.
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How do bonuses work?We regularly review the performance of our With Profits Fund, and when results allow, we increase the value of your ISA by adding a bonus. We can’t guarantee a bonus every year, but when a bonus is paid, it’s added automatically to your ISA – you don’t need to do anything to claim it.
Ready to start your ISA transfer?
Bear in mind that when you transfer online, you won't receive investment advice or personal recommendation from us. You should consider carefully whether this investment will meet your needs and goals.
Prefer to explore your investment options?
If you would like personal financial advice to help you make informed investment decisions, please book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services. Please note initial advice fees apply to all products you choose to invest in after taking advice.