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.

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.

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.

If you already have an ii Stocks and Shares ISA, then you’re all set. The Managed ISA is an option available to you at no extra cost. Your monthly subscription stays what it is now (customers on our Investor Essentials plan may see a difference if their total account value exceeds £50,000).

Even better, you can use both the managed and self-managed options separately from one another. Meaning you can keep your self-managed portfolio as it is and still open a Managed ISA and benefit from our expert guidance. 

If you are already making the most of the ii ISA, you can take cash from it and move it to a Managed ISA.

Since the Managed ISA has its own range of portfolios, you cannot transfer investments into it. You have to sell any investments first before moving your money over.

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.