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Everything you need for the new tax year

It pays to start sooner rather than later

It pays to start sooner rather than later

Get a head start on your ISA and SIPP

Investing earlier gives you a better chance of reaching your goals sooner. The longer your money is invested, the more time it has to grow.

Each tax year, your allowances reset. So if you’ve got the money spare, we think it makes sense to take advantage of your ISA and SIPP allowances as soon as you can.

If you’re looking for investment inspiration for your new allowances, the funds below could offer something a bit different. We think they could make exceptional choices for this year’s ISA or SIPP.

Or if uncertainty means you’d rather not invest at the moment, you can make an early start by adding cash now, then deciding where to invest later. You can make a single payment from £100, or set up a Direct Debit from £25 a month.

This isn’t personal advice. If you’re not sure whether an investment is right for you, please contact us for advice. Investments and income can fall as well as rise in value, so you could get back less than you put in. Tax rules can change and benefits will depend on your circumstances.

Get a head start on your ISA and SIPP

Investing earlier gives you a better chance of reaching your goals sooner. The longer your money is invested, the more time it has to grow.

Each tax year, your allowances reset. So if you’ve got the money spare, we think it makes sense to take advantage of your ISA and SIPP allowances as soon as you can.

If you’re looking for investment inspiration for your new allowances, the funds below could offer something a bit different. We think they could make exceptional choices for this year’s ISA or SIPP.

Or if uncertainty means you’d rather not invest at the moment, you can make an early start by adding cash now, then deciding where to invest later. You can make a single payment from £100, or set up a Direct Debit from £25 a month.

This isn’t personal advice. If you’re not sure whether an investment is right for you, please contact us for advice. Investments and income can fall as well as rise in value, so you could get back less than you put in. Tax rules can change and benefits will depend on your circumstances.

Stocks and Shares ISA

Shelter up to £20,000 from UK tax with the UK's No.1 investment platform.

  • Save tax – grow your money free of UK income and capital gains tax.

  • Ease - check your ISA anytime online or with the HL app.

    Satisfaction Promise - if you're not 100% satisfied with our service in your first 12 months, close your account and let us know. We’ll then refund our annual account charge – no questions asked. Find out more and see full terms.

  • Wide investment choice – choose your own investments or pick from our ready-made options.

Tax rules can change and the benefits of investing in ISAs depend on your circumstances.

More about ISAs (including charges)

Open an ISA

Top up your ISA

Self-Invested Personal Pension (SIPP)

Get 20% tax relief (higher/additional rate taxpayers can claim up to 45%) with our award-winning pension.

  • Save tax – grow your money free of UK income and capital gains tax.
  • Take control - check your pension whenever you like, online and with the HL app.
  • Wide investment choice – choose your own investments or pick from our ready-made options.

Tax rules can change and the benefits of investing in a SIPP depend on your circumstances. You can only access the money in a SIPP from age 55 (57 from 2028).

More about SIPPs (including charges)

Open a SIPP

Top up your SIPP

Top up your SIPP

Our latest investment ideas for ISA and SIPP

Investing in these funds isn’t right for everyone. Investors should only invest if the fund’s objectives are aligned with their own, and there’s a specific need for the type of investment being made. Investors should understand the specific risks of a fund before they invest, and make sure any new investment forms part of a diversified portfolio.

Low-cost idea

Legal & General International Index Trust

Wealth 50Wealth 50
  • Tracks the performance of the FTSE World (ex UK) Index
  • Well diversified with exposure to more than 2,000 companies
  • Low ongoing charge makes it one of the cheapest ways to invest (HL platform fee also applies)

FIND OUT MORE

Find out more

Conservative
idea

Troy Trojan

Wealth 50Wealth 50
  • Aims for growth with less volatility than shares
  • A well-diversified portfolio of bonds, gold and cash as well as shares
  • Tried and tested approach which has been used for almost 20 years

FIND OUT MORE

Find out more

Income and
Growth idea

Aviva UK Listed Income

Wealth 50Wealth 50
  • Aims to invest in well-established UK companies
  • Can offer income, growth or a combination of the two
  • Attractive yield of 4.3% (not a guide to the income you'll get in future)

FIND OUT MORE

Find out more

Legal & General International Index Trust

Wealth 50Wealth 50

Why a tracker fund?

As the name suggests, tracker funds simply aim to mirror the performance of a well-known stock market or index. Unlike actively managed funds, they will invest in every stock in the respective index, so there’s no fund manager or team of analysts choosing which they think are the best companies to invest in, which means the costs of running the fund are a lot lower.

Remember all investments and income can fall as well as rise in value so you could get back less than you invest. Yields are variable and not guaranteed. They're not a reliable indicator of future income.

Why this fund?

We think it makes sense to have some investments overseas. Global funds are a convenient way to invest in a diverse mix of different countries. The in-built diversification that global funds offer mean that they could form a core building block for an investment portfolio. Consider your objectives, and add investments in other assets if you think you need more diversification.

How's the fund invested?

This index fund aims to track the FTSE World ex UK Index as closely as possible. It invests in over 2,000 companies in countries from all over the world, including higher-risk emerging markets, except the UK. US Companies dominate the index and therefore the fund, but there are lots of companies from other countries like Japan, France and Canada. This fund is a convenient way to invest globally without adding any more exposure to the UK.

How's the fund performed?

As you’d expect, this fund has performed very similarly to the FTSE World (ex UK) Index, delivering growth of 41.5%* over the last 5 years.

Past performance is not a guide to the future.

More information on this fund including charges

Legal & General International Index KEY INVESTOR INFORMATION

Invest now

Legal & General International Index - 5 year performance

Past performance isn't a guide to future returns. *Source: Lipper IM to 31/03/20

Annual % Growth Mar 15-16 Mar 16-17 Mar 17-18 Mar 18-19 Mar 19-20
Legal & General International Index Trust -0.4 33.0 1.0 12.0 -5.7

Source: Lipper IM to 31/03/20

Fund information

Net initial charge: 0%
Ongoing charge: 0.13% p.a.
Saving via HL**: 0.05% p.a.
Net OCF: 0.08% p.a.
Max HL charge: 0.45% p.a.
Performance fee: No
Max total annual charge: 0.53% p.a.

See how these charges impact your investment

**Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Troy Trojan

Wealth 50Wealth 50

Why mixed asset funds?

Mixed-asset funds are a convenient way to invest in a ready-made, diversified portfolio. They usually blend shares and bonds, and the proportions are different for every fund. Shares offer greater potential for long-term growth, but tend to be more volatile. Bonds could help reduce volatility or provide diversification away from shares, but offer less potential for growth. Mixed Investment funds can also invest in other assets too, like commodities and cash. Investors should ensure any mixed asset funds they invest in fits their risk profile.

Why this fund?

We like the simple philosophy behind the Troy Trojan Fund. Rather than trying to shoot the lights out, the fund aims to grow investors' money steadily over the long run, while limiting losses when markets fall.

This means Sebastian Lyon, the fund's manager, is cautious at heart. He invests in quality companies when he thinks their share prices are at attractive levels. Then he rotates into bonds, gold and cash when he thinks stock markets have less potential to grow. He's currently as cautious as he's been for quite some time, and this is reflected in how the fund's invested. As a result, the fund has tended to fall less when markets take a turn for the worse, while performance has been more subdued when stock markets are strong. Past performance is not a guide to the future.

Troy Trojan could be used to bring some stability to a more adventurous portfolio, or provide some long-term growth potential to a more conservative portfolio. Lyon has managed the fund since launch in 2001 and we like that he's been consistent in his philosophy. As a part-owner of Troy Asset Management, we feel he’s incentivised to perform for investors.

How's the fund invested?

Most global stock markets have had the time of their lives over the past decade. Supportive monetary policy from central banks across the globe, like low interest rates and huge bond-purchasing programmes, has seen money flow into the financial system.

There have been some inevitable setbacks along the way. This year is a case in point. But even with the most recent falls, stock markets have performed well for several years.

In many cases, Lyon thinks share prices look expensive. This means their earnings might not be strong enough to help prices grow much from current levels. Overall, he has a conservative outlook for markets and he recently reduced exposure to shares to one third of the fund.

That said, the manager thinks there are still a handful of companies with the potential to generate healthy returns for investors over the longer term. He's been selective though, and focuses on larger companies he thinks can grow sustainably over the long run, and endure even the toughest economic conditions. This includes some of the world's best-known companies with highly recognisable brands, such as Microsoft, Coca-Cola, Unilever and Nestlé. He has the freedom to invest in higher-risk smaller companies as well. But the fund hasn’t had much exposure to this area of the market for several years.

The rest of the fund is made up of investments that could bring some stability to the portfolio during more difficult markets. 31% is invested in US index-linked bonds, which could protect investors if inflation rises. When inflation rises it erodes the spending power of money, and makes the interest paid by conventional, fixed-rate bonds less attractive. But the interest paid by inflation-linked bonds increases in this environment.

Elsewhere, 22% of the fund is invested in UK government bonds, 11% in gold-related investments including physical gold, and 4% in cash.

While the portfolio contains a diverse range of investments, it is concentrated. This approach means each investment can contribute significantly to overall returns, but it is a higher-risk approach.

Source for information on fund holdings: Troy Asset Management, as at 28/02/2020.

More information on this fund including charges

Troy Trojan KEY INVESTOR INFORMATION

Invest now

Troy Trojan – Performance since launch

Past performance isn't a guide to future returns. ?Source: Lipper IM to 31/03/20

Annual % Growth Mar 15-16 Mar 16-17 Mar 17-18 Mar 18-19 Mar 19-20
Troy Trojan 6.6 10.4 -2.5 4.3 4.9
FTSE All-Share -3.9 22.0 1.2 6.4 -18.5

Source: Lipper IM to 31/03/20

How's the fund performed?

Troy Trojan has performed better than the broader UK stock market, as measured by the FTSE All Share index, since its launch in 2001. Not only that, it's achieved this with lower volatility.

Last year the fund didn't go up as much as the broader market, though it still grew 10.8%?, which is attractive for a more conservative fund. This is how we expect the fund to perform in a rapidly rising market. In weaker markets we think the fund should hold up much better and we've seen this so far this year. There are no guarantees this will continue though.

Past performance isn't a guide to future returns though and the fund can still go up and down in value, so you could get back less than you invest.

Fund information

Net initial charge: 0%
Ongoing charge: 0.87% p.a.
Saving via HL**: 0.25% p.a.
Net OCF: 0.62% p.a.
Max HL charge: 0.45% p.a.
Performance fee No
Max total annual charge: 1.07% p.a.

See how these charges impact your investment

**Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Aviva UK Listed Income

Wealth 50Wealth 50

Why UK Equity Income?

UK equity income funds aim to pay a regular income by investing in companies that share their profits as dividends. They also try to provide some long-term growth to an initial investment. If you don't need the income now, you can reinvest it to buy more shares and help boost the potential for further growth. That's why we think equity income funds can form part of the foundation of almost any investment portfolio – whether the objective is income or growth.

Investing solely in any single market, including the UK, adds risk. Make sure you consider UK funds in combination with those that invest elsewhere. All investments and income can fall as well as rise so you could get back less than you invest. Yields are variable and not guaranteed. They’re not a reliable indicator of future income. This fund takes charges from capital, which increases the yield on offer, but reduces the potential for capital growth.

Why this fund?

Chris Murphy and James Balfour, managers of Aviva Investors UK Listed Equity Income, focus on finding high-quality, cash-generative businesses. They think these businesses have the best chance of growing their dividends, which are paid to investors, and their share prices over the longer term. They're often leaders in their industry and use their established position in the market to support their growth. We like this simple, no-nonsense approach to investing.

This fund mainly invests in large and medium-sized UK companies, but can also invest in higher-risk smaller ones. It blends those able to offer a high yield now with others capable of strong dividend growth. An emphasis on dividends and dividend growth makes this a more conventional UK equity income fund. It invests in about 50 companies so is relatively concentrated. This adds performance potential, but also increases risk. The focus on quality companies could work well alongside a fund that invests in out-of-favour ideas.

Chris Murphy has plenty of experience under his belt. He's managed UK funds since 1998 and took over this fund in 2009. Since 2016, he’s been joined by co-manager James Balfour. They invest in a relatively small number of businesses, including smaller companies, which we think could aid performance but both of these factors add risk.

How's the fund invested?

The managers look for companies that could generate lots of cash now or in future. This might be because they are already growing strongly, or have experienced a setback but have the potential to successfully turn it around. Importantly, the managers only invest when they think a company's shares look good value and can be bought at a price that doesn't reflect their longer-term potential.

The managers currently find the most opportunities in sectors that are more sensitive to the health of the UK economy. This includes financials and industrials, and together they account for a large part of the fund, at just over 46%. These sectors include a broad range of companies though. So within financials you can find businesses like wealth manager St James’ Place and the life insurer Phoenix Group. Within industrials the fund invests in businesses like manufacturer Melrose and Babcock International Group.

More information on this fund including charges

Aviva UK Listed Income KEY INVESTOR INFORMATION

Invest now

Aviva Investors UK Listed Equity Income - Performance under Chris Murphy

Past performance isn't a guide to future returns. Source: Lipper IM to 31/03/20

Annual % Growth Mar 15-16 Mar 16-17 Mar 17-18 Mar 18-19 Mar 19-20
Aviva UK Listed Equity Income 1.1 15.0 1.3 3.7 -19.3
Sector Average -0.9 14.9 0.4 3.4 -21.6

Source: Lipper IM to 31/03/20

How's the fund performed?

The fund has performed better than its benchmark, the FTSE All-Share, over the long term.

Our analysis suggests investments in the financials and industrial sectors have been the biggest contributors to performance over this time. Please remember past performance isn't a guide to future returns.

Fund information

Net initial charge: 0%
Ongoing charge: 0.81% p.a.
Saving via HL**: 0.32% p.a.
Net OCF: 0.49% p.a.
Max HL charge: 0.45% p.a.
Performance fee No
Max total annual charge: 0.94% p.a.

See how these charges impact your investment

**Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Invest now

Add cash now, pick investments later

It’s an uncertain time to be an investor. The coronavirus outbreak has hit markets, and they remain volatile.

If you’d still like to make an early start on this year’s ISA or SIPP, you can add cash now, then decide where to invest when you’re ready.

START YOUR ISA START YOUR SIPP

New to investing?

Getting started could be easier than you think. Watch our videos to get to grips with the basics.

Or download our guide on how to start investing in the stock market.

I’ve found all my involvement with Hargreaves Lansdown to be superb. I actually think the whole platform works exceptionally well and I frankly wouldn’t hesitate in recommending the company to anybody.

MR HASTINGS, Devon

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BEST INVESTMENT ISA 2019
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