Aegon Retirement Choices (ARC) Stocks and Shares ISA

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How can I contribute to an ARC Stocks and Shares ISA?

With our ARC Stocks and Shares ISA you can pay in regular contributions directly from your net salary (your salary after tax and NI have been deducted) through your employer’s payroll, or alternatively you can make contributions by setting up a direct debit. The annual ISA allowance is £20,000 for the 2020/2021 tax year.

What is the tax treatment of an ARC Stocks and Shares ISA?

There will be no tax on the dividends and interest distributions received or on capital gains within the ISA wrapper. The investor won’t have a personal liability to income tax or capital gains tax when they take withdrawals from the ISA either.

Why consider an ARC Stocks and Shares ISA?

Our ARC Stocks and Shares ISA offers a wide range of investment funds to choose from and with its tax efficiency, gives you a tax-friendly way to save. 

The charge will be the same as that agreed with your employer for your workplace pension, so if you have a discounted charge for your pension set up through your employer, this same charge will be applied to your ARC Stocks and Shares ISA. There may be additional charges depending on which investment funds you choose to invest in.

The flexible ISA rules introduced on 6 April 2016 don't apply to our ARC Stocks and Shares ISA. This means that if you make a withdrawal, you won't be able to replace it in the same tax year, without it counting towards your annual allowance for that tax year.

How much will I have to pay?

You can find full details of our charges in our Charges guide or, if you're in a company pension, our Charges information. To find details of the charges that apply to you including any additional charges relating to your chosen investment funds, see your personal illustration or talk to your financial adviser. Charges might vary in the future.

Are there any risks?

Yes - the value of your ARC Stocks and Shares ISA will be directly linked to the performance of the funds you select to invest in, and may fall as well as rise. You may get back less than you invest.

Because the value of the ISA can fall as well as rise, although there’s no fixed term, you should be prepared to hold your money in the ISA for at least five years, ideally longer.

The favourable tax treatment of ISAs may not be maintained in the future and may be subject to changes in legislation. The benefit of the tax treatment depends on individual circumstances.

What if I’m unsure if this ARC Stocks and Shares ISA is right for me?

If you’re unsure whether you should open our ARC Stocks and Shares ISA, you should speak to a financial adviser.

Can I apply for one?

To apply for any stocks and shares ISA you must be:

  • Aged 18 or over;
  • Resident in the UK; or
  • If you don’t live in the UK – a Crown servant (for example diplomatic or overseas civil service) or their spouse or registered civil partner.

Please note that you can't hold an ISA with, or on behalf of, someone else. You can also only take out one stocks and shares ISA in each tax year (6 April to following 5 April). The ARC Stocks and Shares ISA would count as that one stocks and shares ISA. So providing you haven't taken out another stocks and shares ISA this tax year, you can open one with Aegon.

You can also use some of your or all of your annual ISA allowance for a cash ISA. Aegon doesn't offer a cash ISA product.

Before applying please make sure you read, and either print or save onto your personal computer for you to refer to at a later date, the ARC Key Features document(Opens new window), and the Key Investor Information Documents (KIIDs) for each of the funds you wish to invest, which are available in the investment fund list(Opens new window).

  1. Read the Key Features and KIIDs referred to above. Make sure you’re comfortable with your decision to invest.
  2. Speak to your employer and ask them to set up your ARC Stocks and Shares ISA option.
  3. Complete the application form provided in the link below and give this to your employer.
  4. Set up your access to Aegon Retirement Choices (ARC) (For details see the next section).
  5. Log into ARC and choose the fund/s you’d like to invest your contributions in*.

You’ll need to use the ARC Stocks and Shares ISA application form(Opens new window) to open the ISA.

* The ARC Stocks and Shares ISA isn't suitable for those who want to leave their investment in the cash facility. For those who prefer to invest in cash, a cash ISA may be more suitable - Aegon does not offer a cash ISA product.

To access ARC, you need to register with us**.

  • You can call us on 0345 680 1234 (call charges will vary)
  • Or if you prefer you can ‘Chat to us online’ or ‘Send us an email’ using the contact functions on the Contact us page.

**If you have a financial adviser you should contact them as they’ll arrange ARC access on your behalf.

If you’re contacting us by email please remember not to send any personal, financial or banking information because email is not a secure method of communication.

We’ll then set up your ARC online account and email you with your new login details.

Log into ARC and enter your username and password.

(If you’re already an Aegon Retiready customer, please note the ARC login in details will be different to your Retiready details).

To help you use ARC we’ve created a helpful guide - Your guide to Aegon Retirement Choices (PDF)(Opens new window) - which has useful information on how to make the most of the ARC digital service.

We initially set up the ISA as a cash facility, however, as this is a stocks and shares ISA you must choose the investments you wish to make. 

Before you invest you'll be able to access the fund factsheets and Key Investor Information Documents (KIIDs) of all the funds available to you. These contain important information on each funds’ objectives, risk rating, asset allocation, charges and fund specific risks. Before you invest you’ll be able to access the fund factsheets and Key Investor Information Documents (KIIDs) of all the funds available to you. It's important you read these so you know what you're investing in.

  • Log into ARC using your username and password.
  • Select your ‘ARC Stocks and Shares ISA’.
  • Select the fund or funds you’d like to invest in, using our investment list to make your selection. Please make sure you carefully read the KIID for each fund you wish to invest in.
  • Then select ‘maintain investment strategy’ as this will make sure your contributions are directed to your chosen fund/s until you decide to make an investment change.

Yes - there are three different ways of doing so.

1. Change your regular payments 

If you want to change your regular contributions, speak to your employer and they’ll update their payroll for you. If you no longer work for the employer that set up your ARC Stocks and Shares ISA, you can use the top-up facility in ARC to start paying contributions, or increase contributions already set up.

2. Make a lump sum payment 

You can pay a lump sum payment using the ARC online top-up facility.

3. Transfer in an ISA 

If you have ISA savings from previous tax years elsewhere, you might want to consider moving these savings into your new ISA. Where you are transferring current year's subscriptions you must transfer 100% of those subscriptions for any type of ISA and they still count towards your current annual ISA allowance.

To change payments, make a single payment or transfer an ISA you’ll need to:

  1. Log into ARC.
  2. Select your ‘ARC Stocks and Shares ISA’ from the ‘Breakdown’ window on the home page.
  3. Choose ‘Top-up’ and complete the relevant process you require.

Confirmation of any changes, payments or transfers will be uploaded to your online document library.

Any ISA transfer will be made in cash. During a transfer your ISA is not invested, therefore it will not be impacted by any market movements. This may not work in your favour. 

Transferring ISAs may not be the best option for you. It’s up to you to decide if this is the right decision for you – so make sure you compare products before transferring/consolidating. If you’re not sure, speak to a financial adviser – there may be a charge for this.

It’s important to remember the value of your consolidated stocks and shares ISA can still fall as well as rise and you may get back less than you invest.

Any new funds you move your money into will have their own set of risks that will be detailed in the fund information available to you.

If you’re transferring from a cash ISA to our stocks and shares ISA, you’re actually transferring between two very different products. In a cash ISA your money is held on deposit, but in a stocks and shares ISA the value can fall as well as rise – so although our stocks and shares ISA has no fixed term, you should consider staying invested for at least five years – ideally longer.