The process of adding new money into your ISA is straightforward. Money you add into your ISA is protected against capital gains and income tax with the benefit that you can withdraw your money whenever you need to.

The only thing you need to be aware of is that each tax year (6 April – 5 April) there will be a limit to the amount that you can add into an ISA. For the 2018/19 tax year, the limit is £20,000.

Can I add money to more than one ISA?

You can only subscribe and add money to one Stocks and Shares ISA in any tax year. You may also separately subscribe to one Cash ISA and one Innovative finance ISA, however James Hay does not offer these types of ISA. The annual subscription limit of £20,000 covers all of your ISAs.

How can I add money into my ISA with James Hay?

You can send a cheque made payable to James Hay Wrap Managers along with a completed Supplementary ISA Subscription form (if this is your first subscription or you have gone a whole tax year without subscribing), to our main administration office – James Hay, Dunn’s House, St Paul’s Road, Salisbury, Wiltshire, SP2 7BF. If you want to make a regular subscription to your ISA, we can set up a direct debit. If you hold a Modular GIA (GIA) or Wrap Investment Portfolio (IP), you can send us a request either via secure message or in writing, for money to be moved from your GIA or IP to fund the new subscription into your ISA. You must ensure there are sufficient funds available in the GIA or IP product bank account to make the transfer.

Can I add money into my ISA using a bank transfer?

We do not accept electronic payments directly into the ISA but you can transfer new money electronically into your GIA or IP and request it be moved to your ISA.

Can I add money into my ISA by direct debit?

Yes you can set up a direct debit by completing the Supplementary ISA Subscription form, that includes a direct debit mandate at the end, and sending it to our main administration office - James Hay, Dunn’s House, St Paul’s Road, Salisbury, Wiltshire, SP2 7BF.

Is any other paperwork required to support an ISA subscription?

You will need to complete our Supplementary ISA Subscription form. You only need to complete the form for the first subscription to the ISA. It will only be required again if you go through a whole tax year without subscribing to your ISA. If you are in doubt, we suggest you complete this form anyway when making subsequent subscriptions.