Here are some more reasons to choose BMO for a Stocks and Shares ISA. Select the links below to find out about them.
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.
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.
When you invest with a stocks and shares ISA you don’t pay any additional income tax or capital gains tax on any investment profits you may make.
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.
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.
While a savings account or cash ISA can offer easy access and security of guaranteed capital, returns can be modest. Investing with a Stocks and Shares ISA provides:
Make sure you read the pre-sales costs disclosure before you invest.
Investing in a BMO Stocks and Shares ISA is straightforward. Open an account using either our investors portal or by downloading an application form and sending it into us, choose the investment trust(s) that best suits your investment needs and finally, decide how much to invest.
Before investing, please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sales Disclosure documents.
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.
Tax-efficient investments – with an ISA you don’t pay additional tax on income or capital gains meaning you could make the most of the money you save.
Long-term potential of stock market investing – capture the potential of the stock market for long-term capital growth.
Access all 10 of our investment trusts – our investment trusts invest in a range of asset types in the UK and globally. These include equities, bonds, property and private equity. These investment trusts all benefit from the skills and expertise of our team of fund managers.
Tailor to your circumstances – our investment trusts have different strategies and aims meaning you can create an investment portfolio to meet your requirements. If your circumstances and needs change over time you can switch between trusts as and when you need to, subject to applicable charges.
Flexible investment options – low minimum initial investment. Choose from just £50 per month or £500 lump sum.
Opening an ISA with BMO is straightforward and can be done in minutes. You can apply online or complete an application form.
The ISA allowance for the 2021/22 tax-year is £20,000 per UK adult.
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).
Over the years you may have built up a large portfolio of ISAs and a quick review may show they don’t meet your current investment needs;
Consolidating your ISAs with a single provider can help you to reduce your overall cost for your ISA portfolio as well as make administration and monitoring much easier.
At BMO we only have a single charge no matter how many tax years’ ISAs you hold with us. To benefit from a single charge, all you need to do is top up your existing ISA account number in every new tax year. The transfer process 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 4 and 6 weeks.
If you wish to transfer your ISA to another provider you should contact your new provider who will provide you with the relevant form to complete. They will then contact us to arrange the transfer. When we receive the transfer request we will collect our transfer charge along with any pro-rata management fees due and either transfer the shares or sell the shares and transfer the proceeds to your new ISA plan manager as instructed.
It is not possible to change the ownership of shares that are held within an ISA without losing your ISA status. If you would like to do this please phone us and we can discuss your options.
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.
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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.
