Be prepared for whatever life throws at you by having investment portfolios lined up with your financial goals. Our GIA lets you invest in any combination of our seven risk levels and three base currencies.
While the performance of markets will always vary, the long-term value of lower fees is indisputable. Benefit from fully managed, low cost investments with a Netwealth GIA.
Our user friendly financial tools help you to plan more easily for your financial goals and choose appropriate portfolios.
Our General Investment Accounts are taxable investment accounts which can be used for both regular savings and one-off investments. They have the added flexibility of withdrawals at any time, free of exit charges.
You can select one or more of our diversified portfolios to match your goals whether those are regular withdrawals for income requirements or saving for a significant event in the future. If you need a little more help, our experienced team are on hand to discuss your goals and provide guidance on your choices.
UK residents benefit both from an annual capital gains tax allowance and tax-free investing in ISAs. We can help you maximise both through our Tax Allowances and Services dashboard. You can set up an automated subscription for your ISA from funds held in your GIA at the start of each tax year.
You can also elect for the review, and potential harvesting, of unrealised capital gains to maximise your capital tax allowance. As part of our comprehensive service we also provide full tax reporting at the end of each tax year. These services are provided at no extra cost and are all included in our annual management charge.
A GIA is a taxable investment account which can be used for both regular savings and one-off investments.
The minimum amount to open a Netwealth account is £50,000. This is across all account types. The minimum portfolio size within a GIA account is £5,000.
Yes, at the end of each tax year we will provide you with a fully comprehensive tax report to allow you or your accountant to complete your self-assessment tax return. You can also request an ad hoc version at any time via our Tax Allowances and Services dashboard to monitor this during the year.
UK residents have an annual tax-free allowance for capital gains for 2020/21 of £12,300. Any realised gains above this threshold within your taxable investment portfolios are either taxed at 10% for basic rate taxpayers or 20% for higher rate and additional rate taxpayers. Because you cannot carry forward any unused allowance, holding investments for a long period without realising any capital gains could mean you are not maximising your annual tax allowances. It may result in you paying more capital gains tax when you do come to withdraw your funds. To avoid this and make the most of your tax-free capital gains allowance each year, we offer to review unrealised capital gains and harvest these where appropriate to offset against your tax-free allowance.
If you have unrealised capital gains within your General Investment Account, we may be able to harvest capital gains for you, that can be offset against your tax-free allowance for the current tax year. This would involve selling assets in your Account that have increased in value to realise the gains. By switching you into substitute assets that provide you with similar market exposure, we would aim to retain the same asset allocation within your Account; then, at a later date, we would sell these substitute assets and return you to the standard portfolio exposure.
In a similar way, we are also able to realise capital losses when available to offset gains you may have made away from Netwealth.
No, we accept clients from within both the UK and EEA via the website. We also accept clients outside the EEA in some circumstances but we ask that you contact us first at firstname.lastname@example.org
Yes, you can set up an annually recurring subscription to subscribe your ISA at the start of each tax year or you can request a one off or partial subscription at any time during the year.
Yes, you can also set up annually recurring and one-off JISA subscriptions from your GIA.
These are also globally diversified portfolios but with a larger relative exposure to their base currency markets.
You are free to withdraw your money from your Netwealth General Investment Account at any time. You can also set up regular monthly withdrawals to take an income from your account or to cover costs. Please allow 6-7 business days from the date of instruction for the money to arrive in your nominated bank account.
Yes, on request we can carry out FX transactions on your behalf. We will always need to pay to a nominated bank account in your own name or joint names regardless of the currency.
We can stagger in the investment of larger sized portfolios according to a monthly schedule on request. Our minimum staggered investment amount is £10,000. Please contact us if this is of interest.
Expert financial planners to discuss your retirement and recommend the best approach.
Powerful online service for you to plan for your GIA or other investments.
Seasoned investment team looking after your GIA.
Transparency - access and monitor all holdings in your portfolio 24/7.
Comprehensive tax reporting and capital gains tax targeting.
One off top ups and monthly direct debits available.
Opt for automated GIA to ISA transfers at the start of each tax year.
Institutional-grade security: all clients assets are separately custodied and ring-fenced.
I have been very impressed by the Netwealth service. It gives me greater transparency and at considerably lower fees than traditional providers, as well as the comfort of knowing that my SIPP funds are being professionally managed, with access to advisers if I need it.
The Netwealth service has provided me with financial peace of mind, with its very low charges and user friendly access to my account. I am extremely pleased with the switch.