Tax Free ISAs

Make the most of your tax-free allowances

Tax Free ISAs

Investment ISA

Invest from £300 lump sum or £30 / month tax-free1 without exposing your money directly to the stock market – you can also transfer a cash or stocks & shares ISA/NISA from another provider to Sheffield Mutual’s with-profits Investment (NEW) ISA.

Why choose this plan?

  • Invest from just £30 per month or £300 lump sum
  • Subscribe up to £20,000 in the current tax year
  • Transfer an existing ISA from another provider and let us manage the transfer
  • Potential for tax-free* investment growth through annual and final bonuses
  • Access to your money if you need it (subject to £250 minimum withdrawal)

Investment Junior ISA

The simple way to invest from £100 lump sum or £10 / month and give your child a solid financial start in life, with tax-free1 returns and the peace of mind that money invested in our with-profits Investment Junior ISA for five years or longer is guaranteed on maturity.

Why choose this plan?

  • Save from as little as £10 per month or £100 lump sum
  • Available to all children under 18 who do not have a Child Trust Fund (CTF)
  • Or, if your child holds a CTF or Junior ISA elsewhere, you can transfer it to us
  • Top-ups can be made by anyone at any time
  • Potential for tax-free investment growth through bonuses

Need HELP choosing the right product for you? Try our Product Selector…

  1. All references to taxation are based on the Society's understanding of current tax legislation and practice, which may change in future.
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