Managed ISA

A Self-managed ISA lets you pick your investments yourself. The Managed ISA is closely monitored by our experts, who take care of your portfolio on your behalf and make ongoing buy and sell decisions to keep you aligned to your chosen appetite for risk.

Yes, you can transfer an existing Cash ISA or Stocks and Shares ISA to us. 

Depending on the provider, it should be a straightforward process. It’s easy to transfer an ISA to ii – you can start the transfer when you open a new account or log in and do it at any time. 

You can’t transfer any existing investments into the Managed ISA, but we make it simple to transfer them into our Self-managed ISA (which is included in the subscription), where you can then sell them and move the money into your Managed ISA. 

To open a Managed ISA, you can invest from an initial lump sum of £250 or set a monthly deposit from as little as £50. The maximum you can invest in any given tax year is £20,000. 

But remember, this allowance includes all types of ISA with any other provider. So if you also have a Cash ISA, this counts towards your £20,000 annual allowance.

The minimum investment amount is either a £250 lump sum or a £50 regular payment.

If you're starting with a lump sum you can do this when you set up an account via debit card.

If you're starting with a regular payment you will be prompted to set up a direct debit on account opening.

You can also transfer your existing ISA to ii.

Any deposits into your Managed ISA account above £50 will automatically be invested into your chosen portfolio. The minimum is in place to ensure there is sufficient cash available to be invested into each of the chosen assets in the portfolio. Each portfolio typically contains around 20 underlying investment funds, although the actual number be higher or lower depending on the portfolio chosen.

Yes, you can withdraw your money from our Managed ISA at any time without penalty or exit fee. However, any money you withdraw from your ISA does not renew your annual contribution allowance. Once you've paid into an ISA, that part of your allowance has been used.

A Managed ISA is much the same as a normal Stocks and Shares ISA.  

It has the same £20,000 annual allowance that you can invest with and pay zero tax on the returns, meaning it's an effective way to make your money work harder.

When you open a Managed ISA, we ask you a few questions to understand your goals. This involves finding out how risky you want your investments to be, and whether you want our index investment style or sustainable investment style. 

There are five levels of risk across these two styles, meaning there are 10 portfolios available to you. You’ll be able to see more details on what these are during the selection process. 

The portfolios mainly investment in passively managed funds which aim to replicate the performance of a market index. Funds will hold different assets, such as UK and international shares and government and corporate bonds. The overall asset mix will depend on the portfolio you choose.

You can read more about the portfolios here.

A Managed ISA might not be for everyone. It’s ideal for you if: 

• You don’t feel you have time to personally research investment options 

• You aren’t sure what you would want to invest in 

• You prefer leaving the management to an expert 

Of course, there could be many reasons beyond this, too. But because the ii ISA includes both the managed and self-managed options in one subscription cost, you can try one to start and try the other when you’re comfortable. You can even benefit from both at the same time with separate pots. 

Our experts are qualified investment managers with a wealth of experience in managing portfolios. 

You can rest assured that your investments are managed by humans, not algorithms. They reassess your portfolio regularly to make sure it’s doing as much for your money as possible.