The 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
Why transfer to Wesleyan's Stocks and Shares ISA?
Bonus potential
With no shareholders to pay, we can share our financial success with you. We can’t guarantee bonuses every year, but we applied a mutual bonus to ISA holders in 2020, 2022 and 2024 – boosting potential cash-in values.
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...
If you've already got ISA savings elsewhere, you can move them to a new or existing With Profits Stocks and Shares ISA, without affecting your remaining 2024/25 ISA allowance.
- You can transfer as much as you want from previous tax year contributions, to bring everything together in one single pot. Current tax year investments need to remain within your £20,000 allowance.
- If you're opening a new With Profits Stocks and Shares ISA with a transfer, the minimum transfer is £1,000. If you already have one to transfer into, the minimum transfer is £500.
Investment Team of the Year 2023
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…
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.
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 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.
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.
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.
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.
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:
Key Features Document (for non-advised applications) (PDF, 1.7MB)
Key Features Document (for advised applications) (PDF, 424KB)
Plan Document including terms and conditions (PDF, 766KB)
How our With Profits Fund works (PDF, 519KB)
With Profits Stocks and Shares ISA - Key Information Document
Frequently asked questions
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.
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.
The value of Wesleyan’s With Profits Fund depends not just on the performance of our investments, but also on the profits and losses from across our business (including our subsidiary companies).
As a mutual with no shareholders to pay, we can share our financial success with you, through bonuses that may increase the final cash-in value of your investment.
There’s a couple of different bonus types we can issue – regular bonuses and final bonuses (which include mutual bonuses). To learn more about how they work, visit our With Profits Fund page.
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.
Where you receive advice from Wesleyan Financial Services, an Initial Advice Charge of 3% is deducted from each payment to pay for providing that advice.
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 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.