abrdn logo black

Frequently asked questions

You may find the answer you are looking for in our FAQs

Back to help and contact

Individual Savings Accounts (ISA)

An ISA – or Individual Savings Account – is a tax-efficient way of investing. This is because you won’t pay income tax on any interest or returns you make. You can use a Stocks and Shares ISA to invest in different types of funds and give your money a chance to potentially grow. There is a limit to how much you can save into an ISA each tax year, which is called an ISA allowance.

Anyone who is aged 18 or over, is a resident in the UK, and holds a UK personal bank account.
You can find out all about our investment options and the funds available as part of setting up your ISA. You can choose from our easy or DIY options and then see full details of what you’re investing in before you buy.
You can take money out of your ISA at any time. However, occasionally some funds may place restrictions on withdrawals, which may mean it takes time for you to receive your money. You can also make regular withdrawals - monthly, quarterly, half-yearly and yearly. If you take money out of your ISA the maximum you can put in remains at £20,000 for the 2022/2023 tax year.
No. There is no fixed time limit for the Stocks and Shares ISA. You should view your ISA as a medium to long-term investment, which means it should usually be held for at least five years. You are able to withdraw money at any time. However, occasionally some funds may place restrictions on withdrawals, which may mean it takes time for you receiving your money.
Yes you can, as long as you haven’t reached the annual payment limit.
It’s the limit on how much money you can save and invest through Individual Savings Accounts (ISAs) in a single tax year. The ISA allowance for the 2022/2023 tax year is £20,000.
No, Individual Savings Accounts (ISAs) do not have to be included in your tax return to HMRC (HM Revenue & Customs).

No, you can instruct us to transfer an existing Stocks and Shares ISA and/or a Cash ISA to a Stocks and Shares ISA with us without any loss of tax status. We can’t currently accept a transfer from either an Innovative Finance ISA or Lifetime ISA.

Whilst we don’t charge you for transferring an ISA to us, it is important to check with your other ISA provider if any transfer charges apply.

Financial Advice

abrdn’s financial planning and advice planners provide full financial advice, including specialist advice on retirement, tax planning, trusts, Wills and Power of Attorney. 

We aim to help you achieve your financial goals and have confidence in your future. 

Our people are professional, qualified and approachable, but most of all, they are truly passionate about doing the right thing for you. 

More information about abrdn financial planning and advice.

If you’re new to financial planning and advice or just want to learn about our service, you can read our simple six stage process on our financial planning page

We’ll always be clear on the cost of our advice before we carry out any work, and our fees are designed to be simple and transparent. If after your initial meeting you choose not to take things forward, you won’t be charged. You can find more information on our services and what they cost on our fees and charges page

If you already hold existing investments from across the market, we will consider these when advising on you financial plan. In most cases, we’ll include them in our recommendations and if you take advantage of one of our ongoing advice services, we may continue to manage these investments for you as part of your overall financial plan.

When advising on new investments or products, we work with a carefully selected range of providers. We can recommend from a suite of options based on your individual needs and use our scale to secure the investments and products on our panel to get the better rates. This means we do not undertake whole of market research in all product areas as we prefer to specialise in the solutions we believe meet the majority of our clients’ needs. Therefore, as defined by the Financial Conduct Authority, our service is defined as Restricted not Independent.

The range of products and services we advise on has been thoroughly vetted and carefully selected to provide suitable options for a variety of circumstances – rest assured we will only recommend a product or investment option if we believe it is suitable for you, and the advice we give you will always be impartial.

The advice we provide is defined as ‘restricted’ by the Financial Conduct Authority as we don’t recommend products from the whole market. For our clients, what this means is that our range of solutions is restricted to a carefully selected panel of products and providers which match the services we offer and from there we work with the client to decide on which solutions are best for them.

If a client’s current products/providers/holdings are still right for them we will not change that. The advice we give will always be appropriate to meet their needs, goals and objectives.

Book a free consultation to talk to us about how we can help or contact us.
We’re happy to speak face to face or by telephone, so you do not need to visit an abrdn office to benefit from our service.

Financial planning

A financial planner is a qualified expert who will take the time to understand your personal circumstances and goals, and use that knowledge to design a financial strategy that can adapt to changes in your life.

Financial planners have to gain specific qualifications over years of training, and continue to develop their expertise and keep up to date over time.

Our dedicated blog features articles about various issues that might affect your finances, including coverage of government Budget statements and law changes, to looking into trends and market reviews which might affect your investment performance.

You can also find updates on our @abrdn_UK Twitter page, @abrdn Facebook page and @abrdn Linkedin page.

Visit our Insights page