- Invest in our flagship With Profits Fund, managed for you by our expert investments team
- Worry less about stock market ups and downs in financially uncertain times, thanks to smoothed returns
- Save up to £20,000* each tax year, and pay no tax on any investment gains
- Open your ISA today, from as little as £50 per month
On this page
A ready-made portfolio, managed for you
An ISA is one of the most tax-efficient ways to save, and when you open a With Profits Stocks and Shares ISA, you’re investing tax-free in Wesleyan’s With Profits Fund.
The fund aims to grow your money by investing in a diverse range of assets, all fully managed for you by our specialist in-house investments team.
* This is based on current understanding of legislation and tax treatment, which can change in the future.
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.
Why invest your ISA allowance with Wesleyan?
When you invest in a With Profits ISA, you'll become a Wesleyan member, giving you access to the benefits membership brings. And that's not all, there are more great reasons to invest:
Bonus potential
With no shareholders to pay, we can share our financial success with you. We can't promise bonuses every year, but we applied a mutual bonus to ISA holders in 2020, 2022 and 2024 - boosting potential cash-in values.
Managing money since 1841
As a proud mutual, owned by our members, we've been looking after customers’ money for over 180 years. Today, our With Profits Fund holds more than £4bn of people’s investments.
Award-winning team
Wesleyan’s in-house investments team was named Investment Team of the Year at the Insurance Asset Risk Awards 2023. With our expert fund managers looking after your investment, you can be confident your money is in good hands.
See how much your ISA could grow
How much could your ISA be worth in 10 or 20 years? Use the calculator below to see how your contributions could grow in a range of market conditions…
Key features
Smoother returns in unsteady times
To try and deliver steady growth in financially uncertain times, Wesleyan's With Profits Fund uses a method called smoothing.
This means holding back some returns when market performance is strong, to support your returns when the market experiences losses.
It helps to 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.
Tax-friendly investing
You can invest up to £20,000 in ISAs in the 2024/25 tax year – with any potential growth protected from UK tax.
You won’t pay income or capital gains tax on any money that you earn through an ISA. That’s why it’s often a good idea to make the most of your ISA allowance each year, if you can.
If you already have ISA savings elsewhere, you can transfer to a Wesleyan With Profits ISA, without affecting your 2024/25 ISA allowance.
Invest in a range of assets
Investing in the With Profits Fund means investing in a diverse range of asset classes – like UK and international shares, government and corporate debt, and even property.
In fact, around 10% of Wesleyan's With Profits Fund is made up of a UK commercial property portfolio.
Managed by our property team, that portfolio generated an income of £28.2 million for the With Profits Fund in 2023 alone – good news for the fund and its investors.
The fund also has holdings in several blue chip companies, including the Microsoft Corporation (1.27%), Apple Inc. (1.19%) and Unilever PLC (1.09%) - based on data as of 31st December 2024, with holding weights shown in brackets.
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.
Wesleyan has not applied a Market Value Reduction since 2009. However, in poor market conditions, it could be used in the future.
To try and deliver steady growth in financially uncertain times, Wesleyan's With Profits Fund uses a method called smoothing.
This means holding back some returns when market performance is strong, to support your returns when the market experiences losses.
It helps to 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.
You can invest up to £20,000 in ISAs in the 2024/25 tax year – with any potential growth protected from UK tax.
You won’t pay income or capital gains tax on any money that you earn through an ISA. That’s why it’s often a good idea to make the most of your ISA allowance each year, if you can.
If you already have ISA savings elsewhere, you can transfer to a Wesleyan With Profits ISA, without affecting your 2024/25 ISA allowance.
Investing in the With Profits Fund means investing in a diverse range of asset classes – like UK and international shares, government and corporate debt, and even property.
In fact, around 10% of Wesleyan's With Profits Fund is made up of a UK commercial property portfolio.
Managed by our property team, that portfolio generated an income of £28.2 million for the With Profits Fund in 2023 alone – good news for the fund and its investors.
The fund also has holdings in several blue chip companies, including the Microsoft Corporation (1.27%), Apple Inc. (1.19%) and Unilever PLC (1.09%) - based on data as of 31st December 2024, with holding weights shown in brackets.
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.
Wesleyan has not applied a Market Value Reduction since 2009. However, in poor market conditions, it could be used in the future.
The rewarding way to invest
Having a Wesleyan With Profits Stocks and Shares ISA makes you a Wesleyan member. Without shareholders to worry about, we turn our successes into benefits for you. Membership offers:
- 20% off insurance policies via Wesleyan Financial Services
- An annual e-gift card reward for a variety of retailers
Terms apply to both offers - visit our members' benefits page for details.
Things to know before you apply for your ISA
Bear in mind, when you apply 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.
Charges
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%.
Frequently asked questions
Each tax year (6th April to 5th April), there’s a certain amount of money you’re allowed to put into an 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.
You can start your ISA with a lump sum of £1,000 or more. Or you can invest via monthly payments of £50 or more.
If you are transferring an ISA, you must ensure that your total ISA subscriptions for the current tax year do not exceed the annual subscription limit.
Once you've opened your ISA, you can top up and manage your account online via My Wesleyan – allowing you to track the progress of your ISA anytime, anywhere.
If you prefer, you can also manage your account by phone or post.
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.
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.
If you would like personal financial advice to help you make informed investment decisions, you can book an appointment with a Specialist Financial Adviser from Wesleyan Financial Services. Charges may apply.
When you take out a product following advice from Wesleyan Financial Services, an Initial Advice Charge of 3% is deducted from each payment to pay for providing that advice. There is no Initial Advice Charge if you apply for the With Profits Stocks and Shares ISA online.
Before you begin…
You can set up your With Profits Stocks and Shares ISA quickly and easily online, in just a few simple steps. It'll be useful to have the following things to hand:
- National Insurance number
- Debit card details if you're opening your ISA with a lump-sum payment (minimum £1,000)
- Bank details in your own name if you'd like to set up monthly payments (minimum £50 per month)
When you open your ISA online, you will not receive any investment advice or personal recommendation from us. Please therefore make sure you have read the important information and key documents, to make sure the investment is right for you.
By clicking below to start your application, you're confirming that you have read and understood these documents, and agree to our terms.