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Important information about your Stocks & Shares ISA

ISA investment limits

There are four types of ISA – Cash, Innovative Finance, Lifetime ISA and Stocks & Shares.

From 6th April 2024, you are allowed to subscribe into multiple ISAs of the same type, with the exception of the Lifetime ISA, within the tax year. What this means is you can have more than one Stocks & Shares ISA or Cash ISA or Innovative Finance ISA but you can still not exceed the overall ISA allowance. You can have a mixture of ISA types as long as the overall ISA allowance is not exceeded.

Allowance from April 6th 2024

The ISA allowance for the 2024-25 tax year is £20,000. You can invest in the different types of ISA, as described above.

Key points to remember
  • A Stocks & Shares ISA is designed for investors who intend to hold their ISA for the medium to long term (for example, 5 years or longer).
  • Stock markets go through good times and bad times. When market conditions look uncertain it is important to remember that equity investing is for the long term. Review your investments in the context of your financial goals, not short-term performance.
  • The value of your investment can go down as well as up.
  • As with any investment, there is a chance you will get back less than you originally invested.
If you want to top up your investment

Visit the Manage your RLUM ISA or Unit Trust page for more information, or call us on 0345 605 7777.

Stocks & Shares ISA – RLUM Ltd Unit Trusts
  Single year performance for five years
% increase or decrease
  31/03/2019-31/03/2020

31/03/2020-31/03/2021

 31/03/2021-31/03/2022 31/03/2022-31/03/2023 31/03/2023-31/03/2024
Royal London Sustainable Diversified Trust Class A 4.37 18.93 5.77 -6.54 13.05
Royal London Sustainable World Trust Class A 7.34 25.88 10.41 -5.95 16.96
Royal London Sustainable Leaders Trust Class A 1.03 21.41 13.90 -1.61 11.08
Royal London Corporate Bond Monthly Income Trust Class A 1.34 7.36 -3.55 -9.57 8.30
Royal London UK Growth Trust Class A -17.84 32.62 10.57 -2.28 9.40
Royal London UK Income with Growth Trust Class A -15.09 23.45 12.00 -2.01 6.57
Royal London European Growth Trust Class A -4.06 31.07 8.19 6.88 12.08
Royal London US Growth Trust Class A  -1.38 37.69 22.68 -4.18 33.69

Last updated: 12 April 2024

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested.

Source: Lipper IM as at 02 April 2024. Fund performance is shown on a mid to mid price basis, net of fees and gross of taxes, with gross income reinvested unless otherwise stated.