The UK's most tax-efficient wrapper, with Sharia credentials to match.
Up to £20,000 per year sheltered from Capital Gains Tax and Dividend Tax — HMRC's Stocks & Shares ISA is one of the best long-term investment structures available to UK residents. Wealth8 puts Sharia-screened equities and Sukuk inside it, with FSCS protection and a quarterly Board certification.
The UK ISA — the essentials.
Per person, per tax year (6 April to 5 April). Set by HMRC. Unused allowance cannot be carried forward to the following year.
No Capital Gains Tax on profits. No Dividend Tax on income. Growth inside your ISA is completely tax-free.
Eligible deposits protected per authorised firm. Capital at risk applies to investments.
ISA transfer-in
You can transfer existing ISA holdings from other providers to Wealth8. An ISA transfer preserves your allowance history — it does not count as a new subscription.
Flexible withdrawals
You can withdraw from your ISA at any time. Note: withdrawals reduce your subscribed allowance for the current tax year with a flexible ISA provider. Standard ISA rules apply.
ISA rules and tax treatment depend on individual circumstances and may change. HMRC source: gov.uk. This is not personal financial advice.
Gift halal wealth to the next generation.
A Junior ISA (JISA) allows parents and guardians to invest on behalf of a child under 18, with a separate £9,000 annual allowance set by HMRC. Contributions can be made by parents, grandparents, or other family members — including relatives abroad, provided total subscriptions do not exceed the HMRC limit. The fund is locked until the child turns 18.
- £9,000 annual JISA allowance (HMRC 2025/26)
- Sharia-screened portfolio from birth
- Grandparents and relatives can contribute up to the annual limit
- Funds accessible to the child at age 18
JISA vs adult ISA at a glance
| Annual allowance | £9,000 |
| Tax-free growth | Yes |
| Accessible by child at | Age 18 |
| Sharia screening | Yes |
| Parent can manage | Until age 16 |
SIPP — Sharia-screened pension investing.
A Self-Invested Personal Pension (SIPP) is one of the most tax-efficient long-term savings vehicles available. Contributions receive income tax relief at your marginal rate, and the fund grows tax-free until you draw it down.
Tax relief on contributions
Basic rate taxpayers receive 20% income tax relief on contributions. Higher-rate and additional-rate taxpayers can claim further relief via self-assessment. The annual pension allowance is £60,000 (HMRC 2025/26); carry-forward rules allow use of unused allowance from the three prior years.
25% tax-free lump sum
From age 55 (rising to 57 in 2028), you can draw up to 25% of your pension fund as a tax-free lump sum. The remainder is drawn as taxable income. Pension drawdown — not annuity purchase — is the typical route for SIPP holders who wish to retain control over their fund.
Sharia-screened throughout
The same AAOIFI-aligned screening, quarterly Board review, and purification process applies to SIPP holdings as to your ISA. There are no riba-bearing instruments, no conventional bonds — your pension accumulates in a halal portfolio throughout.
Transferring from a workplace pension? Most defined-contribution workplace pensions can be transferred into a Wealth8 SIPP. You cannot transfer a defined-benefit (final salary) pension without regulated advice — Wealth8 is execution-only and cannot facilitate this. SIPP and pension rules are set by HMRC and may change. Annual allowance, carry-forward, and lump-sum rules are complex — consult a qualified IFA authorised by the FCA for personalised guidance. Capital at risk.
Wealth8 ISA vs conventional alternatives.
| Feature | Wealth8 ISA | Conventional ISA | Bank savings |
|---|---|---|---|
| Sharia-screened | Yes | No | No (interest-bearing) |
| ISA tax wrapper | Yes | Yes | No |
| FSCS protected | Eligible deposits | Eligible deposits | Eligible deposits |
| Tax-free growth | Yes | Yes | No (interest taxed) |
| FCA regulated platform | Yes | Typically yes | Yes (PRA/FCA) |
| Minimum balance | £0 | Varies by provider | Varies |
FSCS protects eligible deposits, not all investment products. See FSCS coverage details. Capital at risk on investment products.
ISA & SIPP — frequently asked.
Yes. You can transfer a Cash ISA or Stocks & Shares ISA from any UK provider to Wealth8. An ISA transfer preserves your allowance history — it does not count as a new subscription for the current tax year. The transfer is managed by Wealth8; you do not need to withdraw and resubscribe. Transfer timescales vary depending on your existing provider — typically 15 to 30 working days for an in-specie or cash transfer. There is no transfer-in fee from Wealth8.
Defined-contribution workplace pensions — including stakeholder pensions and group personal pensions — can generally be transferred to a SIPP. Defined-benefit (final salary) schemes cannot be transferred without regulated financial advice; Wealth8 is an execution-only platform and cannot facilitate that transfer. Before transferring any pension, we recommend consulting an FCA-authorised IFA who can assess whether a transfer is in your best interest.
For each holding in your ISA, we calculate the proportion of total company income attributable to impermissible sources (typically interest earned on corporate cash). That percentage is applied to your share of dividends or distributions received. The resulting sum is donated to your designated charity, or to Wealth8's default charitable pool. Your quarterly purification report itemises this per holding. On most screened equities the purification amount is very small — often fractions of a penny per £1,000 held — because companies with material haram income are excluded at the screening stage.
Conventional UK government bonds (gilts) are not Sharia-compliant because they pay interest (riba). Wealth8 does not hold conventional gilts. The UK government has issued Sukuk — Sharia-compliant sovereign bonds structured as lease arrangements (Ijarah) rather than interest-bearing debt. These sovereign Sukuk may be considered for inclusion in Wealth8 portfolios subject to Sharia Board approval. Similarly, UK Treasury Bills (short-term conventional instruments) are not held — the riba-free cash equivalent within Wealth8's portfolios uses Murabaha-structured instruments instead.
You can only subscribe to an ISA while you are a UK resident for tax purposes. If you leave the UK, your existing ISA remains open and continues to grow tax-free in the UK — but you cannot make new contributions until you return as a UK tax resident. This is an HMRC rule, not a Wealth8 policy. If you hold assets in your home country and are considering returning there permanently, the cross-border tax implications of your ISA, pension, and home-country assets are complex — we strongly recommend consulting a cross-border tax specialist.
Open your ISA today.
Start tax-free halal investing with no minimum balance. No platform fee on your first £10,000 for 12 months.
Capital at risk. ISA and pension rules may change. Tax treatment depends on individual circumstances. This is not personal financial advice.