An ISA is a tax-efficient way to invest your money and save for the future. The Wrap stock and shares ISA gives you the potential for capital growth or income, or a combination of both. You can invest in an ISA every tax year and invest up to the annual ISA contribution limit set by the government.
The Wrap platform gives you the option to invest in a cash ISA or a Stocks and Shares ISA. ISAs are generally thought to be part of a medium to long term investment or savings strategy. This means it is usually held for at least five years or more. Standard Life does not take a charge for closing your ISA or transferring it to another provider. The Wrap ISAs are provided by Standard Life Savings Ltd.