Stocks and Shares ISA
Build your portfolio with confidence and grow your wealth for the future with a tailored investment that’s fully managed by experts. When you invest, your capital is at risk.
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left to use your 2023/24 ISA allowance
An investing approach that’s tailored to you
The chance to grow your wealth every day
Make the most of your money with the potential for daily returns and long-term growth.
Choose from five ready-made funds
It’s investing made easy. Simply pick one of five expertly managed funds based on your preferred risk level – we’ll take care of the rest.
Keep track of your investments at any time
Stay up to date with how your portfolio is performing in just a few taps with our easy-to-use mobile app.
About the Stocks and Shares ISA
Whatever your money goals are, our Stocks and Shares ISA can help you grow your wealth and secure your financial future over the long-term. So, how does it work?
- Choose from five different funds with varying risk levels and diversified assets
- Start investing from £25 a month via Direct Debit, or with one-off lump sums
- Your money is actively managed by expert fund managers
- Tax-efficient – pay no income or capital gains tax on your returns
- Simple, transparent management fees: 0.75% per year
- No hidden charges for withdrawals or transfers
While our fund managers aim to offer you consistent growth, it’s important to note that the value of investments can go down as well as up.
Who’s it for?
Our Stocks and Shares ISA could be a good investment choice for you if all of the below apply to you:
- You want to experience the benefits of investing in the stock market, including the daily ups and downs.
- You would like more control over the level of risk your money is exposed to.
- You understand and accept that investment values can fluctuate.
- You are looking to invest over the medium-to-long term.
Choose Your Investment Portfolio
Take your pick from one of our five fully managed, ready-made funds, based on your preferred level of risk and financial goals. Whichever you choose, you’ll invest in a pre-built portfolio that’s all in one place and hassle-free. Our Stocks and Shares ISA is unit-linked, this means that all the money you pay to Shepherds Friendly follows the investment performance of the linked Fund you have chosen. Shepherds Friendly invests the money into unit-linked Funds managed by our chosen investment managers, (see our guide to unit linked investing). Each Fund invests in a range of diverse assets, and has its own risk level and distinct strategies to suit a range of investors. You can also choose to transfer your investment from one fund to another at any time. From cautious investors hoping for steady returns, to bold investors with big ambitions (and everyone in between), there’s a fund option for you:
Low Risk
Low Risk Asset Breakdown
Medium-Low Risk
Medium-Low Risk Asset Breakdown
Medium Risk
Medium Risk Asset Breakdown
Medium-High Risk
Medium-High Risk Asset Breakdown
High Risk
High Risk Asset Breakdown
Please keep in mind that when you take out an investment product with us your capital is at risk and you may get back less than you have put in.
Why choose Shepherds Friendly?
At Shepherds Friendly, we’re member-owned, so all our profits are either returned to you or reinvested for your benefit. We’ve been helping people secure their financial futures for nearly 200 years, and we put fairness at the heart of everything we do.
Our members love that we do things the right way
9 out of 10 members would recommend us for the way we help their investments grow.
Helping our members benefit for almost 200 years
The world’s changed a lot since 1826 but our idea of fairness remains the same.
When you’re member-owned, it matters more
We take the financial future of every member personally, because you’re one of us.
Ready to start investing in your future?
Opening a Stocks and Shares ISA online is quick and easy. So, you could get one step closer to your money goals in just a few minutes.
Before you get started with your application, we recommend you download and take a look at the Important Information Guide below, as well as our Guide to Unit Linked Investing. These documents contain all the information you need to know about the plan.
Remember that when you invest, your capital is at risk.
Frequently asked questions
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What is an ISA?
An ISA is a government-backed plan that allows you to invest without paying tax on any returns. At Shepherds Friendly, you have the flexibility to open either a with profits Investment ISA, a unit-linked Stocks & Shares ISA, or both if you wish to diversify your investment portfolio.
You can start investing in our ISAs with an inital lump sum of at least £100, or in our with profits Investment ISA from just £30 a month and our unit-linked Stocks & Shares ISA from just £25 a month.
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What is the ISA allowance/limit?
For the 2025/26 tax year, the allowance is £20,000. The annual ISA allowance can vary each tax year. The limit is set by the government and usually rises in line with the Consumer Prices Index.
Find out more about ISA allowances (https://www.shepherdsfriendly.co.uk/guides/investments/stocks-and-shares-isa-allowance).
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Can I withdraw from my ISA?
Yes, you can withdraw money from your ISA at any time. You can request a full or partial withdrawal through our mobile app or online account. Simply click the withdrawal button and follow the prompts on screen.
Depending on your bank, or during particularly busy periods, this process can take a little longer and you may receive your money around 10 working days after we receive your request. If you need the money for a particular date or purpose, we recommend allowing plenty of time for your withdrawal to be completed, in case of any delays.
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Can I transfer from an existing ISA?
Yes. You can transfer an existing ISA to us, using our transfer application. An ISA transfer (https://www.shepherdsfriendly.co.uk/app/form/stocks-and-shares-isa/transfer/calculator) allows you to move money from one ISA provider to another without losing the tax-free wrapper. If you try to move ISA funds by withdrawing then re-subscribing, rather than going through the proper ISA transfer process, the funds will lose their tax-free status and will count as a new ISA subscription.
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Can I have more than one ISA?
You can open multiple ISAs with more than one provider within the tax year, providing you don’t exceed the maximum annual allowance across all the ISAs you hold. The current maximum allowance for the 2025/26 tax year is £20,000. The ISAs you hold can all be the same type or you can choose a mixture of ISAs that you’re eligible for in a given tax year.
With Shepherds Friendly you can open up to one with profits Investment ISA and one unit-linked Stocks & Shares ISA.It is important you check your eligibility for each type of ISA, and remember, you can only pay into one Lifetime ISA in a single tax year (up to £4,000).
Our Member Services team are always happy to help.
You can call them on 0800 526 249.
Important things to consider
- Past performance cannot guarantee future returns.
- The value of investments may fluctuate, and you could get back less than you invest.
- All investments carry risk, including the risk of loss.
- The tax advantages of ISAs are based on current UK tax law, which may change in the future.
When you take out an investment product with us your capital is at risk and you may get back less than you put in. All references to taxation are to UK taxation and are based on Shepherds Friendly Society’s understanding of current legislation and H M Revenue and Customs practice which may change in the future. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.
Please note: No advice has been given by Shepherds Friendly, and if you are in any doubt as to whether a investment plan is suited to your needs, then you should contact a financial adviser. There may be a charge for financial advice, and the cost should be confirmed to you before any advice is given.