BMO Investment ISA

What is an ISA?

An ISA allows you to invest tax-efficiently up to £20,000 in the 2021/22 tax year. An ISA is an account that acts as a wrapper to hold a range of different savings and investments. The right ISA for you depends on your goals and your attitude towards risk.

The BMO Investment ISA lets you tap into the potential of the stock market and the skills of our fund managers to potentially help your investments grow over the long-term.

Why choose a BMO Investment ISA?

Here are some more reasons to choose BMO for a Stocks and Shares ISA. Select the links below to find out about them.

Benefit from our expertise

Our experienced fund managers make informed investment decisions for you. We invest in a range of equities, bonds, property and private equity and have been helping customers since 1817.

Investment trust options

Whether you’re looking for growth or income, join over 100,000 UK Investors and create an investment portfolio that meets your needs with our 10 Investment Trusts.

No online dealing charges

By making an investment using our Investor Portal, you won’t pay any dealing charges. Government stamp duty and Annual Management Charges apply.

Responsible Investment

For over 35 years, we have led the way in responsible investment. We’ve engaged with over 5,500 companies to ensure that generating returns for our investors does not come at the expense of the real world in which we all live.

Let's talk about risk

There’s an element of risk involved with a stocks and shares investment ISA. The value of your investments can go down as well as up and you may get back less than you originally put in. You need to be aged 18 or over and be a UK resident, and you should consider this as a longer-term investment. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.

BMO Asset Management Limited is authorised and regulated by the Financial Conduct Authority and assets are protected by the  Financial Services Compensation Scheme.

Invest in a BMO ISA through our 10 investment trusts

Choose a BMO Investment ISA to invest in our diverse range of Investment Trusts. Your money is pooled together along with other investors’ money in one big pot known as a fund. A fund manager then buys shares or assets with the money. Our 10 investment trusts provide a wealth of investment opportunities, including equities, bonds, property, and private equity.

Each trust has unique goals and strategies. Choose a trust focused on capital growth, or aim for income, or one that covers both. Some invest in regional companies, while others take a global approach, and invest in companies all over the world.

Please see the Key Information Documents (KIDs) for further details on the risks for each trust. View the latest performance of our Investment Trusts.

A cost effective way to invest

Invest from as little as £25, with no dealing charges on investments made by a monthly direct debit. One-off contributions, sales and switches can be made online without any dealing charges. If you need to send instructions via post, there will be a £12 charge for each fund selected.

There’s an annual charge of £60 + VAT for the BMO Investment ISA and Government stamp duty of 0.5% applies on purchases of UK shares.

Make sure you read the pre-sales costs disclosure before you invest.

How can I open a BMO Investment ISA?

Investing in a BMO Investment ISA is straightforward. 

Choose the investment trust(s) that best suits your investment needs and finally, decide how much to invest. Please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sales Disclosure documents.

Our investor portal is the quickest and most cost-effective way to invest. You can set-up a monthly direct debit or invest a lump sum using your debit card. Alternatively, you can download an application form and send it into us.

How can I transfer my ISA to BMO?

Switching your ISA to us is easy, all you need to do is complete a transfer form and we will take care of the rest. The process can take between four and six weeks.

If you’re looking to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. For investments you’ve made in previous years, you can transfer some or all your savings.

It’s important that you do this because, if you make a withdrawal from your ISA without following this procedure, you will not be allowed to reinvest that amount of your tax-free allowance again.

Our Investment ISA video

BMO_Stocks and Shares ISA

More information

The Key Features gives full details about how the BMO ISA works and you should read this before investing.  However, here are the answers to some questions you may have if you are considering opening a BMO ISA.

You can have more than one ISA account allowing you flexibility. For example, you could invest your full £20,000 allowance in a Stocks and Shares ISA or you could split the allowance between a Stocks and Shares ISA and a Cash ISA. Please note even if you have more than one account your allowance is still £20,000 per tax-year (allowance correct for 2021/22 tax-year).

Payments are normally made from the ISA account holder. We can accept payments from third parties however we will require a letter, signed by them and sent along with the payment, that confirms that the money is being irrevocably gifted to the ISA account holder. We may also be required to verify the identity of the payer (for example, a certified copy of their current passport or driving licence for identity and a copy of a bank statement or utility bill as proof of address). If someone else is planning to make a payment into your ISA you may want to contact our Investor Services team (0345 600 3030) in advance of the payment being sent to check if anything further will be required.

Yes, you can do this by simply completing our General Investment Account (GIA) transfer of sale proceeds to ISA form. This will mean your shares will be sold and the proceeds used to buy shares within an ISA account in your name.

Got questions about the BMO ISA?

Frequently Asked Questions

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions and the relevant Key Information Documents (“KID”) before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.