Stocks and Shares 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.
What is a Stocks and Shares Flexible ISA?
A Stocks and Shares Flexible ISA is a tax-free way to invest your money. Rather than picking your own stocks and shares, your money goes into a single, expertly managed fund. At Unity Mutual, we invest it into our Equity Fund, which tracks the performance of over 600 UK companies to invest in. Any growth or income that is earned on the account is completely tax-free.
It's "flexible" because you can withdraw money and pay it back in during the same tax year, without it counting against your annual ISA allowance.
Key Features:
- One managed fund: Take the complexity out of investing with one professionally managed fund.
- Tax-free returns: Any investment growth is tax-free.
- Withdraw and replace: Take out funds and pay it back in the same tax year, and it won't count as a new contribution.
- Medium to long-term growth potential: Designed for investors looking to grow their money over several years.
- Annual allowance (2026/27): Contribute up to £20,000 across all your ISAs.
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).
Best suited for medium to long-term investing (5+ years).
Request your money at any time.
Protected by the Financial Services Compensation Scheme (FSCS).
Who is the Stocks and Shares Flexible ISA for?
- You're looking for a tax-free way to grow your savings.
- You're after investing for the medium to long-term.
- You want the freedom to withdraw money and pay it back in later in the same tax year, without using your annual allowance.
- You're comfortable letting your money sit in the stock market rather than needing regular access.
- You understand that investment values go down as well as up, meaning you could get back less than you put in.
How does our Flexible ISA work?
Our 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.
Our Stocks and Shares Flexible ISA has no platform or trading fees. Instead, there is a 1% annual management fee, which is not charged directly to you. It is automatically reflected in the fund’s value.
Stocks and Shares Flexible ISA benefits
- 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, built-in diversification: The fund tracks the performance of 600+ UK companies across different sectors 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.
- Less time, less hassle: One fund, one decision, looked after by an investment professional. Work towards long-term growth without having to research or pick shares yourself.
Why choose Unity Mutual?
200 years of heritage
Part of the Oddfellows, helping people save with confidence since the 1800s.
Enjoy peace of mind
Keep your savings safe with 100% FSCS protection with no upper limit.
Honesty and transparency
Treating customers fairly is at the heart of everything we do.
Transferring an ISA?
If you already have a cash ISA or stocks and shares ISA with another provider, you can transfer it to our Stocks and Shares Flexible ISA.
Using the official ISA transfer process ensures your transfer does not affect your current tax year ISA allowance, so you can still contribute up to £20,000 during the tax year. If you withdraw the money yourself and then pay it into a new ISA, it may be treated as a new contribution and count towards your annual ISA allowance.
Transfer to us
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
£
How to open a Stocks and Shares Flexible ISA
Step 1: Check your eligibility
You must be 18 or over and a UK resident (or a Crown employee, or their spouse/civil partner, working overseas).
Step 2: Review the product details
Take a moment to read our product details, and terms and conditions to make sure the account is right for you.
Step 3: Complete the online application
Fill in our online application form; it asks for basic personal details and your National Insurance number.
Step 4: Choose how to pay in
You can make a lump sum payment, set up a Direct Debit, or both. The minimum lump sum payment is £25, and Direct Debits start from £10 a month.
Step 5: Submit and wait
Once your application is submitted, your account will typically be open and ready to use within a few working days.
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.
Yes, you can request to withdraw your money whenever you need it. Just keep in mind that our funds are priced weekly, so your withdrawal will be processed at the next available unit pricing.
Once completed, please allow 3–5 working days for the payment to reach your account.
That said, this ISA is designed for medium to long-term investment (at least 5 years) to give your money the best chance to grow.
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 annual management charge of 1%, making it an affordable option for long-term investing.
Yes. Unity Mutual's Stocks and Shares Flexible ISA is 100% covered by the UK Financial Services Compensation Scheme (FSCS), with no upper limit, should Unity Mutual go out of business.
Please note that this protection only covers provider failure; it does not cover downturns in market conditions. As with all stocks and shares products, the value of your investment can go down as well as up, so you could get back less than you put in.
We can 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.
If you are looking for financial advice, you can find an independent financial adviser at unbiased.co.uk. Financial advice may come with a fee.
Your funds are invested in the Unity Mutual Equity Fund, which tracks the performance of over 600 UK companies, helping to spread the risk and track overall market performance.
Yes, with our Flexible ISA 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 starting contribution is £10 a month by Direct Debit or a £25 lump sum. Once your Stocks and Shares Flexible ISA is open, you can make additional contributions from £10 and change or stop contributions at any time without penalty.
You can contribute in the following ways:
- Using our top-up form
- Monthly payments by Direct Debit or standing order
- Bank transfer (please include your ISA number as the payment reference)
- Cheque (payable to 'Unity Mutual', with your name and ISA number written on the back)
You can invest up to you total £20,000 ISA allowance per tax year. It's important to note that this allowance applies to all contributions to ISAs held in your name.
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.
Please note past performance is not an indication of future performance.
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: 2.469
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: 2.469
Please review the documents below to confirm that the Flexible 'Stocks and Shares' ISA is suitable for you.
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.
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