Flexible ISA
A Stocks and Shares Flexible ISA makes investing easy over the medium to long term, based on the growth potential of the stock market.
A Stocks and Shares Flexible ISA is a type of Individual Savings Account that offers flexibility in how you manage your investments. Like a standard Stocks and Shares ISA, we invest your funds in stocks, bonds, and funds, and any returns (capital gains or dividends) are tax-free.
What makes it flexible is that you can withdraw money and replace it within the same tax year without it affecting your annual ISA allowance.
Key Features:
- Tax-free returns: No tax on profits, dividends, or interest earned.
- Annual allowance (2025/26): Up to £20,000 can be contributed across all your ISAs.
- Withdraw and replace: If you withdraw £2,000 and later put it back in the same tax year, it doesn’t count as new money, so long as it’s with the same provider and within the same account.
- Medium to long-term growth potential: Suitable for investors looking to grow their money over several years.
The Stocks and Shares Flexible ISA is designed for UK residents aged 18 or over who are looking to grow their savings over the medium to long term, typically five years or more, while making the most of their annual tax-free ISA allowance.
It’s ideal for individuals comfortable with taking on some investment risk in exchange for the potential of higher returns.
This type of ISA suits those who value flexibility, as it allows you to withdraw and replace money within the same tax year without affecting your allowance.
- Tax-free growth – Pay no income or capital gains tax on your returns.
- Flexible withdrawals – Withdraw and replace money within the same tax year without affecting your ISA allowance.
- Higher growth potential – Invest in a diversified portfolio of stocks and shares for medium to long-term growth.
- Low starting point – Begin investing with just a £25 lump sum or £10 monthly Direct Debit.
- Accessible investing – Designed to suit both new and experienced investors.
- Protected funds – Eligible deposits are covered up to £85,000 by the Financial Services Compensation Scheme (FSCS).
A Stocks and Shares Flexible ISA lets you invest tax-free, with the freedom to withdraw and reinvest in the same tax year without affecting your allowance. Your money goes into the Unity Mutual Equity Fund, which tracks the performance of over 600 UK companies, spreading risk and removing the need for investment decisions.
There's a low 1% annual management fee, and while your money can grow, its value may go down as well as up. Your money is protected by the Financial Services Compensation Scheme (FSCS).
Please note, we can’t offer financial advice, only provide factual information to help you decide if this ISA is right for you.
At a glance
A tax-free Individual Savings Account (ISA) designed to grow your money over time.
Start with a one-off payment of £25 or set up a monthly Direct Debit from £10.
Withdraw and replace funds within the same tax year without affecting your ISA allowance.
Invested in stocks and shares (capital at risk).
Access your money at any time, though it’s best suited for medium to long-term investing (5+ years).
Protected by the Financial Services Compensation Scheme (FSCS).
See how far your savings could go
The figures displayed below are only examples and aren’t guaranteed, please note past performance is no indication of future performance. What you get back depends on how your investment grows, you could get back more or less than the figures shown.
Flexible ISA Calculator
Use our helpful savings calculator to work out how much growth your savings could earn.
Your Results
Projected Growth The 2%, 5%, and 8% rates are standard illustrative growth rates used to show how an investment might perform over time under different market conditions, 2% represents low growth, 5% is a moderate scenario, and 8% reflects higher potential returns. These figures help you compare products and understand possible outcomes, but they’re not guaranteed, your actual returns could be higher or lower.
Low growth rate
(2%) potential return
£
Medium growth rate
(5%) potential return
£
High growth rate
(8%) potential return
£
Tax-free investment growth
Enjoy the benefits of tax-free growth on your investments.
Easy and flexible access
Withdraw and reinvest within the same tax year without impacting your ISA allowance.
Investment in over 600 companies
Your money is invested in the Unity Mutual Equity Fund, which spreads risk across a range of UK companies.
Please review the documents below to confirm that the Flexible 'Stocks and Shares' ISA is suitable for you.
Take a look at how our Unity Mutual Equity Fund has performed over the last 12 months, which is the fund this ISA invests in. The performance is tracked on monthly intervals. Hover over each point to see the unit value at that time.
Current Price: 1.976
Take a look at how our Unity Mutual Equity Fund has performed over the last few years, which is the fund this ISA invests in. The performance is tracked over six-monthly intervals. Hover over each point to see the unit value at that time.
Current Price: 1.976
Yes, you can access your money whenever you need it. However, it’s recommended to treat this as a medium- to long-term investment (at least 5 years) to fully benefit from its growth potential.
As the value of your investment can rise and fall, there’s a risk that you could get back less than what you invested. The fund is designed to track the performance of the stock market, but it’s important to be aware of the potential for losses.
Our Flexible Stocks and Shares ISA has a low annual management charge of only 1%, making it an affordable option for long-term investing.
Yes, your money is protected under the Financial Services Compensation Scheme (FSCS) in the event of a provider failure.
We can only provide you with factual information, but we cannot offer personal advice. It’s important to consider whether this type of investment fits your financial goals.
Your funds are invested in the Unity Mutual Equity Fund, which includes investments in over 600 UK companies, helping to spread the risk and track overall market performance.
Yes, you can withdraw funds and reinvest them without affecting your tax-free ISA allowance for the current tax year. This gives you more flexibility with your investment strategy.
The minimum contribution is £10 per month or an initial lump sum of £100. You can change or stop contributions at any time without penalty.
Contributions can be made in several ways:
- Regular monthly payments via Direct Debit or standing order
- Payments by cheque (payable to ‘Unity Mutual,’ with your name and ISA number on the back)
- Direct money transfers (ensure your ISA number is included in the transfer).
The money you put into your Flexible ISA is invested in the Unity Mutual Equity Fund. This fund has an annual management fee of 1%.
You don’t pay this fee directly, and it’s not taken from your personal account. Instead, it’s included in the way the fund’s value is calculated.
There are no transaction charges for withdrawals or closing your Flexible ISA.
Need to speak to someone about our Flexible ISA?
Our friendly customer service team is available to discuss any questions.
Or email insure@unitymutual.co.uk
If you need financial advice
If you're unsure whether a product is right for you, it's worth speaking to an Independent Financial Advisor (IFA).
You can find a local advisor at unbiased.co.uk. Keep in mind that financial advice may come with a fee, so be sure to ask about costs before receiving advice.
What our customers say
Important
This warning relates to our Stocks and Shares products. The value of investments can go down as well as up, so your capital is at risk and you may get back less than you invest. Past performance is not an indicator of future results.
Need help?
Email us
Send us an email at insure@unitymutual.co.uk
Customer centre
Take a look at our customer centre