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ISAs

An Individual Savings Account (ISA) is a tax-efficient investment vehicle in which you can hold a range of investments, including shares in funds and cash.

For more information on the financial terms used in this page, please consult the glossary.

Invest tax-efficiently in The M&G ISA

Markets will always rise and fall, but investing in stocks and shares through an ISA could deliver far greater returns than cash in the bank over the long term (five-ten years or more). And there’s no capital gains or income tax to pay on any profits your ISA achieves, so you get to keep more of what your investments earn for yourself. Remember, tax rules can change and the impact of taxation depends on your circumstances and where you live.

The deadline for maximising this year’s £20,000 ISA allowance is 5 April 2027.

Invest now

Why invest in stocks and shares?

In a word, potential. Stocks and shares investments have more potential to deliver returns in excess of inflation (known as real returns) than your cash savings, over the long term. While the rise and fall of markets is a natural part of investing, as you can see from the chart below, the trend over the long term is generally upwards.

In reality, there’s no ‘right time’ to invest. When markets are higher, your money will buy you less, but when markets fall, it will buy your more. Ultimately, the longer you’re invested, the more likely you’ll be to see the returns you’re looking for.

Contents

The M&G ISA and Junior ISA

The M&G ISA is a stocks and shares ISA only. Due to our focus on long-term investing, The M&G ISA is not a Flexible ISA, Innovative Finance ISA or a Lifetime ISA.

With no personal liability to tax on interest payments, dividend payments, or capital gains to pay and no need to declare ISAs on a tax return, the potential benefits of ISAs are certainly impressive.

The M&G ISAThe M&G Junior ISA

Within The M&G ISA you can hold a dynamic mix of equities (shares in a company), bonds (a loan in the form of a security, usually issued by a government or company, also known as fixed income) and even multi asset funds to suit your individual needs.

You will also benefit from our size, scale and nearly 100 years of experience in the investment industry. Our expertise in research, market analysis and decision-making helps us to invest your money responsibly.

You can invest up to £20,000 in an ISA each tax year with either a lump sum or with regular contributions.

Junior ISAs offer a tax-efficient way to save for a child’s future. No one knows what the economic situation will be like when your children or grandchildren have grown up, but we believe the earlier you start, the greater the service you are doing them.

Junior ISAs offer similar tax advantages to ‘adult’ ISAs, but with a lock-in, making the child’s investment inaccessible until they turn 18. Like an ISA, Junior ISAs can invest in equities, bonds, and even multi asset funds, giving you flexibility over the future of your child’s long-term savings.

A Junior ISA must be opened by either the child themself if aged 16 or over and investing on their own behalf, or by someone with parental responsibility or legal guardianship for the child. This person will be the ‘Registered Contact’ for the account. Once the account has been opened, anyone can gift or contribute money to the account.

You can invest up to £9,000 in a Junior ISA each tax year with either a lump sum or regular contributions.

Additional Permitted Subscription (APS) ISA

An APS ISA allowance is an additional allowance which you are granted on the death of your spouse or civil partner. You can either use your allowance by transferring the cash to us so you can buy M&G funds or, where you have inherited the deceased's assets, instruct an in-specie transfer. Further information can be found on our APS page.
 

Is The M&G ISA right for me?

This guide explains more about who The M&G ISA is designed for, but please note this is our view and doesn’t take into account your individual circumstances.

Transfer your ISA to M&G

Having ISAs spread across different providers could make it difficult keeping tabs on what is going on with each of them. Bringing your ISA investments into fewer or even into one place could reduce the cost, paperwork and make it more convenient and easier to manage. 

If you have an ISA, Junior ISA or even a Child Trust Fund (CTF) from previous tax years with other providers, it’s easy to transfer them to M&G. They’ll keep all their tax benefits and we won’t charge you a penny to transfer. But, it’s always best to check with your current provider first because they may apply a charge their end when you transfer your investment elsewhere.

Transferring your ISA to M&G won’t affect its tax status or impact your ISA allowance for the tax year. But, you should speak to a financial adviser if you are unsure whether an investment is right for your individual needs. Please remember that while your investment is being transferred it will be out of the market and will not lose or gain in value.

Transfer an ISA

Charges

Our charges vary between the funds that you can invest in, and then by the class of share they might hold. 

For each fund, you will pay an ongoing charge (which consists of an annual charge and extraordinary expenses) plus a share of portfolio transaction costs (the costs incurred when funds buy and sell investments). Please see our Fund charges page  for more details.

Share classes and charges

We like to keep our charges simple. The share class available to you will depend on how you invest and the value of your holdings.

  • Sterling Class A Shares are for non-advised customers with up to £499,999 per fund
  • Sterling Class I Shares are for customers with over £500,000 per fund or for total holdings on myM&G over £250,000
  • Sterling Class R Shares are for advised customers with up to £499,999 per fund or for total holdings on myM&G up to £249,999


For more information, please visit our share classes page or read the Funds' prospectus.
Share classes

To see which share classes are available for your chosen fund(s), download our Important Information for Investors document.
Important Information for Investors document 

Income or accumulation?

Once you have chosen your share class, you need to decide how you would like your money to work for you.

You can choose to receive an income from your investment and have this paid into your bank account, or you can choose to have any income your investment generates kept within your fund to add to your investment; this is known as accumulation.

  • Accumulation shares - keep income within the fund rather than paying it out. Funds with Accumulation shares are shown with Accumulation (or Acc) after their fund name. 
  • Income shares - If you would prefer to receive an income from your investments, you can choose income shares when you invest. Funds with income shares are shown with Income (or Inc) after their fund name. With income shares the income could be paid monthly, quarterly, six monthly or annually depending on the fund.

If you currently reinvest your income to purchase further shares of the same fund, you can continue to do so. However please note that where income from underlying investments is saved up within the fund throughout the accounting period and reinvested to buy more shares on the reinvestment date, the income is not exposed to any market movements (up or down), unlike accumulation shares which reinvest income automatically once received.

Our funds

Whichever fund(s) you choose and however you’d like to invest, there’s no substitute for experience. When you invest with M&G, you benefit from our size, scale and nearly 100 years of expertise in the investment industry.

We have a range of over 40 funds to help you achieve your goals across different asset classes including equities (shares in a company), bonds and multi asset.

Choosing the right mix of asset classesChoosing a fund

Find out more about the different asset classes available to you.

Explore asset classes

View the funds available in the Fund Centre.

Explore our funds

How to invest

Choose the option that best describes you, and we’ll guide you to the right place.

Start investing

I'm new to M&G

Find out how to make your first investment with us. It’s simple to get going when you feel ready.

Start investing
Manage investments

I already invest with M&G

From adding more to your existing ISA holdings to opening a new product, it's easy to manage your investment with us.

Manage investments

Investment limits (per fund)

Minimum investment limitsA SharesR SharesI Shares
Lum sum/Transfer in£500£500£500,000
Monthy amount£10£10n/a
Additional lump sum£100£100£10,000
Additional monthly amount£10*£10*n/a
MyM&G (our online-only service)n/a£1£250,000**

*Increases and decreases to investments need to be made in multiples of £10 per fund.
**Total holding as opposed to fund holding level.

The share class available to you will depend on how you invest and the value of your holdings.

As at the current tax year, the maximum you can invest in an ISA is £20,000. 

Before you invest, you should read an up-to-date version of your chosen fund’s ‘Key Documents’: Key Investor Information Document (KIID), Prospectus and, for funds with sustainability characteristics or with a sustainability label, the Consumer-Facing Disclosure (CFD). You should also read the Important Information for Investors document, which includes M&G’s Terms and Conditions. 

ISA and Junior ISA tax rules may change in the future. ISA and Junior ISA tax advantages depend on your individual circumstances.

The views expressed in this webpage should not be taken as a recommendation, advice or forecast. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser. 

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested.

Explore our investing guides

Our guides aim to give you the basics about investing, to help you make informed decisions about your financial goals and how to reach them.

Read more

Guide to Multi asset investing

Read more
Read more

Guide to Equities

Read more
Read more

Guide to Bonds

Read more
Read more

Guide to Risk

Read more
Read more

Guide to Investing

Read more
Read more

Guide to Income

Read more

ISA insights

Talk to our team

Contact us

M&G Investment Management Limited (MAGIM), M&G Alternative Investment Management Limited (MAGAIM), M&G Securities Limited (MGSL) and M&G Financial Services Limited (MGFS) are registered in England and Wales under numbers (936683, 2059989, 90776, 923891) respectively. The registered address of MAGIM, MAGAIM, MGSL, and MGFS is 10 Fenchurch Avenue, London, EC3M 5AG. MAGIM, MAGAIM, MGSL, and MGFS are authorised and regulated by the Financial Conduct Authority (“FCA”) under numbers 119328, 122011, 122057, 122058 respectively.