Why a Triodos Impact Investment Fund?
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You must be aged 18 or over and resident in the UK to invest in our Ethical Stocks & Shares ISA
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Within your Stocks and Shares ISA, you can choose to invest in any one or all three of our funds, all of which invest with positive impact in a range of stock market listed companies and bonds.
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We want you to be sure this is the right investment for you. Before you invest, make sure you understand the risks and terms of your investment. This information is not financial advice. If you're unsure whether the Triodos Impact Funds are the right investment for you, please seek independent financial advice.
FAQs
We offer three impact investment funds - the Triodos Global Equities Impact Fund, the Triodos Pioneer Impact Fund and the Triodos Sterling Bond Impact Fund. All the Impact Funds are available in two different share classes, distribution and capitalisation.
You can invest from as little as £25 per month when setting up a regular monthly investment, or from £250 for a lump sum or top up.
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Every Stocks and Shares ISA or Impact Investment Account has a linked Cash Account. Cash Accounts are used for:
- holding the cash that you will use to make new investments, including regular monthly investments
- receiving dividend payments
- receiving proceeds from selling shares
- holding cash to cover your Annual Service Charge (which is charged quarterly)
You may have more than one Cash Account as a separate Cash Account is needed for each investment account you have. For example, you may have one Stocks and Shares ISA Cash Account, a sole Impact Investment Cash Account and a joint Impact Investment Cash Account.
You will see your Cash Account coupled next to the Stocks and Shares ISA or Impact Investment Account it is linked to, in your account ‘Overview’ in the Mobile App or Internet Banking.
If you are adding money to your Cash Account for the first time (ready to purchase more shares or to cover your Annual Service Charge), then this will need to be transferred from your nominated account. Subsequent payments into your Cash Account can come from any of your accounts. Take care to select the correct Cash Account to transfer money into as you may have more than one Cash Account as described above. You can find your Cash Account bank account number within the Mobile App or Internet Banking, use this along with our sort code 16-58-10.
Once you add money into a Stocks and Shares ISA Cash Account linked to a Triodos Stocks and Shares ISA, this will count as an ISA subscription for the current tax year.
Please note, if you have not paid into your ISA since 5 April 2022 you will need to declare your eligibility before transferring your money. For more information see Do I need to declare my ISA and how do I do this in Internet Banking?
Money held in your Cash Account can be transferred out to your nominated account, though you may want to keep some money in your Cash Account to cover the Annual Service charge (charged quarterly), to cover regular monthly investments or to have a balance available to purchase more shares on an ad hoc basis. If you do not keep enough money in your Cash Account to cover your Annual Service Charge, we will instruct to sell shares in your investments to cover the required amount. See What are the charges for investing? for more details on the Annual Service Charge.
You may wish to set up a standing order to make regular payments into your Cash Account, to ensure money is available for your quarterly Annual Service Charge and/or for any regular monthly investments you set up. For more information see How do I add money to my Cash Account?
If you set up a standing order into your account, please ensure the money will be received and cleared in your Cash Account before your monthly investment date, bearing in mind that standing orders will not be processed on a weekend or a bank holiday.
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Trades are submitted to the fund manager at 10am each Business Day. So you can cancel a trade which has not been dealt at any time prior to this.
To cancel a pending instruction, go to your investment account in Internet Banking or the Mobile App where you will find ‘Pending’ instructions under the ‘Transactions’ section. Click on the instruction you would like to cancel, you will be shown the key dates for your instruction and a cancel button (which will not be shown if your instruction has now been dealt and is therefore no longer pending). Select ‘Cancel’ then click ‘Continue’ to confirm you would like to cancel your instruction. You will then see a message confirming that your instruction has been cancelled.
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If you are adding money to your Cash Account for the first time (ready to purchase more shares or to cover your Annual Service Charge), then this will need to be transferred from your nominated account. Subsequent payments into your Cash Account can come from any account in your name. Take care to select the correct Cash Account to transfer money into as you may have more than one Cash Account. For example, you may have one Stocks and Shares ISA Cash Account, a sole Impact Investment Cash Account and a joint Impact Investment Cash Account.
You can find your Cash Account bank account number within the Triodos Mobile Banking App or Internet Banking, use this along with our sort code 16-58-10.
Please note, if you have not paid into your ISA since 5 April 2022 you will need to declare your eligibility before transferring your money. For more information see Do I need to declare my ISA and how do I do this in Internet Banking?
You may wish to set up a standing order to make regular payments into your Cash Account, to ensure money is available for your quarterly Annual Service Charge and/or for any regular monthly investments you set up.
If you set up a standing order into your account, please ensure the money will be received and cleared in your Cash Account before your monthly investment date, bearing in mind that standing orders will not be processed on a weekend or a bank holiday.
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We apply a 0.4% Annual Service Charge which is charged on a quarterly basis. The Annual Service Charge is collected by Triodos Bank UK to cover costs of providing our investment services, including ongoing administration costs.
The Annual Service Charge is expressed as an annual percentage and is calculated quarterly based on the average value of your holding across the previous quarter. On the first Calendar Day of a new quarter we will check your Cash Account to see if cash is available to cover the Annual Service Charge for the previous quarter. If cash is available, it will be earmarked and debited the same day, unless it’s a weekend, in which case the money will be debited on the next weekday. If there is an insufficient cash balance on this day, we will instruct to sell shares in your investments to cover the whole amount (there is no charge to pay your Annual Service Charge in this way). To avoid this scenario occurring, you should endeavour to have a sufficient cash balance within your Cash Account to satisfy any applicable charges.
For more information, please also see How can I pay for my Annual Service Charge? and How do you decide which shares to sell from my holdings to cover my Annual Service Charge?
Please be aware that the sale of shares to cover the Annual Service Charge is classified as a disposal for Capital Gains Tax purposes and may need to be declared to HMRC.
The Annual Service Charge will be itemised on your quarterly statement, which provides a breakdown of all charges applied over the previous quarter along with any additional trades during the period.
The Ongoing Charges Figure (OCF, also known as the Total Expense Ratio or TER) is the ongoing costs of running the funds. The OCF includes the fund managers Annual Management Charge and other expenses of running the fund, such as the board of directors and audit fees. The Annual Management Charge is the charge taken by Triodos Investment Management to select investments based on their sustainable and financial performance.
The OCF is expressed as an annual percentage and is calculated and deducted from the fund daily. The charge is reflected in the value of the fund and you do not need to pay for it separately.
Please visit the fund pages on our website for details of the current OCF being applied:
Triodos Global Equity Impact Fund
Triodos Sterling Bond Impact Fund
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Yes, you can split your ISA allowance into different types of ISA: Cash, Stocks & Shares, Lifetime, and Innovative Finance.
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To top up a Triodos Stocks and Shares ISA, simply make an online payment into your linked Stocks and Shares ISA Cash Account. Once you add money into a Stocks and Shares ISA Cash Account, this will count as an ISA subscription for the current tax year.
You can then take your time to decide what investments you would like to make, safe in the knowledge that your money has already counted as a subscription for the current tax year.
The Triodos Bank sort code is 16-58-10 and you can find your Triodos Stocks and Shares ISA account number by logging in to your account online or via the Triodos Mobile Banking App, or by checking your account statements.
Please note, if you have not paid into your ISA since 5 April 2022 you will need to declare your eligibility before transferring your money. For more information see Do I need to declare my ISA and how do I do this in Internet Banking?
Remember that investments go up and down in value, so you could get back less than you put in.
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You can use your ISA allowance by 'wrapping' your existing impact investment funds in our Stocks and Shares ISA. Within the Stocks and Shares ISA you benefit from no further tax on income and no capital gains tax. The benefits of an ISA depend on your individual circumstances and tax rules may change in the future.
To wrap your existing holding in an ISA it must be sold and repurchased. The process of making this double transaction is also known as a 'Bed and ISA'. Follow the 3 steps below to do this:
- Open a Stocks and Shares ISA or ensure your existing ISA is declared
If you would like to wrap your holding in our Stocks and Shares ISA and don’t currently have a Stocks and Shares ISA, you will need to apply for an account through the Triodos Mobile Banking App or Internet Banking. Every Stocks and Shares ISA or Impact Investment Account has a linked Cash Account which is used to hold the cash that you will use to make new investments, including buying shares for a Bed and ISA. For more information see What is a Cash Account and why do I need one?
If you already have a Stocks and Shares ISA and have not paid into your ISA since 5 April 2022 you will need to declare your eligibility before transferring money into your Cash Account. For more information see Do I need to declare my ISA and how do I do this in Internet Banking? - Sell your Impact Investment Account shares
You will need give us your instruction to sell your Impact Investment Account shares through the Mobile App or Internet Banking (see How to sell your impact investment shares). - Transfer the money into your Stocks and Shares ISA Cash Account
Once you have received the money from the proceeds of the sale in your Impact Investment Cash Account, you can then transfer it into your Stocks and Shares ISA Cash Account using the Mobile App or Internet Banking (see How do I add money to my Stocks and Shares ISA or Impact Investment Cash Account?).
Money added into a Stocks and Shares ISA Cash Account will count as an ISA subscription for the current tax year. You can then take your time to decide what investments you would like to make, safe in the knowledge that your money has already counted as a subscription for the current tax year. For more information see How to buy shares or top up your impact investment.
Please note, when selling your holding outside of the ISA wrapper you will realise a capital gain or loss. Most people have a capital gains allowance of £6,000 (for the 2023/24 tax year), any gain below this amount means there is no charge on any profit you made. If you happen to make a capital loss this can be used to offset future capital gains.
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We will take your Annual Service Charge in one of the following two ways:
- Firstly, we will check your linked Cash Account on the first Calendar Day of a new quarter to see if there is a sufficient cash balance to cover the charge. If the cash is available, it will be earmarked and debited the same day, unless it’s a weekend, in which case the money will be debited on the next weekday.
- If there is an insufficient balance when we carry out this check, we will instruct to sell shares in your investments to cover the whole amount (there is no charge to pay your Annual Service Charge in this way).
Please note that if you have a Stocks and Shares ISA and have fully subscribed for the tax year, then you will not be able to add money to your linked Cash Account and your only option for payment of the charge will be for us to sell shares to cover the charge.
For more information, please also see What are the charges for investing?
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The Annual Service Charge is 0.4%. It is calculated pro-rata quarterly based on the average value of your holding across the previous quarter. You can therefore look at your total holding and use this percentage to calculate the approximate charge. For example, if your average holding value for the quarter was £10,000, your Annual Service Charge will be £10 for that quarter.
If you don’t have sufficient cash in your Cash Account to cover your upcoming Annual Service Charge when we check your available balance on the first Calendar Day of a new quarter, we will arrange to sell some of your shares to cover the charge (there is no charge to pay your Annual Service Charge in this way).
For more information see How do you decide which shares to sell from my holdings to cover my Annual Service Charge?
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You can set up a regular monthly investment from as little as £25 per month through the Triodos Mobile Banking App or Internet Banking. See our guide on How to set up a regular monthly investment
You will need to ensure that there is a sufficient cash balance in your Cash Account on the day you set up your regular monthly investment, as well as the day it is due otherwise we will not be able to process your instruction. For more information see What happens if there is an insufficient balance in my Cash Account on the day my regular monthly investment is due?
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If you don’t have sufficient cash in your Cash Account to cover your upcoming Annual Service Charge when we carry out the check on the first Calendar Day of a new quarter, we will arrange to sell some of your shares to cover the charge (there is no charge to pay your Annual Service Charge in this way).
We will calculate your Annual Service Charge based on your average holding across the previous quarter. If you have holdings in more than one fund or share class, we will sell shares from each proportionate to the value you have in each fund/share class based on your holding on the first Calendar Day of the new quarter. For example, if your average holding for the previous quarter is £12,500 with £7,500 in the Triodos Global Equity Impact Fund (3/5ths of the average holding) and £2,500 in the Triodos Pioneer Impact Fund (2/5ths of the average holding) on the first Calendar Day of the new quarter, then your Annual Service Charge will be £12.50 in total with £7.50 (3/5ths) deducted from your Triodos Global Equity Impact Fund holding and £5.00 (2/5ths) deducted from your Triodos Pioneer Impact Fund holding.
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You cannot amend your regular monthly investment date or amount but you can cancel it at any time before the 10am dealing cut off through the Triodos Mobile Banking App or Internet Banking. You can then set up one or more regular monthly investments for a different date or amount should you wish to.
For more information see How can I cancel a pending investment instruction (purchase or redemption)?
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On the day your monthly investment is due we will check to see if there is a sufficient balance in your Cash Account at 1am. If the money is available then your monthly investment will be dealt that day if it is a Business Day or the next Business Day if your monthly investment date falls on a weekend or other non-Business Day. The usual trade cycle is then followed and the deal is priced at the next available valuation point - the Triodos Impact Investment Funds value every Business Day in the morning before European markets open.
If there is an insufficient balance we will be unable to carry out your monthly investment instruction. We will notify you by email if this happens. We will try to take the payment again the following month unless you cancel your instruction which you can do in Internet Banking or the Mobile App. For more information see How can I cancel a pending investment instruction (purchase or redemption)?
You may wish to set up a standing order to make regular payments into your Cash Account, to ensure money is available for your quarterly Annual Service Charge and/or for any regular monthly investments you set up. For more information see How do I add money to my Cash Account?
If you set up a standing order into your account, please ensure the money will be received and cleared in your Cash Account before your monthly investment date, bearing in mind that standing orders will not be processed on a weekend or a bank holiday.
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If your monthly investment date falls on the first Calendar Day of a new quarter (when we check your Cash Account to see if money is available to cover the Annual Service Charge for the previous quarter), your monthly investment will take precedent over your Annual Service Charge.
If there is an insufficient cash balance following the earmarking of the money for your monthly investment, we will instruct to sell shares in your investments to cover the whole amount (there is no charge to pay your Annual Service Charge in this way). To avoid this scenario occurring, you should endeavour to have a sufficient cash balance within your Cash Account to satisfy any applicable charges.
You may wish to set up a standing order to make regular payments into your Cash Account, to ensure money is available for your quarterly Annual Service Charge and/or for any regular monthly investments you set up. For more information see How do I add money to my Cash Account?
If you set up a standing order into your account, please ensure the money will be received and cleared in your Cash Account before your monthly investment date, bearing in mind that standing orders will not be processed on a weekend or a bank holiday.
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By opening a Triodos Stocks and Shares ISA you can invest any of our impact investment funds:
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If you have a Stocks and Shares ISA and have fully subscribed for the tax year, then you will not be able to add money to your linked Cash Account. If there is not already a sufficient cash balance to cover the charge we will sell shares to cover the whole amount. There is no charge for payment of the Annual Service Charge in this way.
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How to transfer an existing ISA to a Triodos Stocks & Shares ISA
You can transfer some or all of an existing ISA to a Triodos Stocks & Shares ISA and invest in the Triodos Impact Investment Funds - without losing your tax-free ISA status. Remember, the benefits of ISAs depend on your circumstances and tax rules may change in future.
You can transfer from another provider, or from a Triodos Cash ISA or Innovative Finance ISA. Please check with your existing ISA provider if there are any penalties or charges for transferring out.
You can transfer in just a few simple steps.
- Open a Triodos Stocks & Shares ISA
Already have a Triodos Stocks & Shares ISA? Move onto step two.
If you don’t currently have one, you'll need to apply for a Triodos Stocks & Shares ISA through the Mobile App before you can make a transfer into it.
- Complete your transfer form
Download the transfer form, complete it and return it to the address on the form.
- Transfer from another provider to a Triodos Stocks & Shares ISA
- Transfer from another Triodos ISA to a Triodos Stocks & Shares ISA
The form tells us which ISAs you want to move. If you want to transfer more than one ISA to us, please send us a separate form for each ISA you wish to transfer.
The transfer forms are interactive so you can add your details online. However, we need an original signature, so you'll need to print and sign the form before posting it to us.
- We’ll transfer the cash across to your ISA
We’ll transfer the funds directly between your ISAs and protect your tax-free ISA status.
Do not move funds out of an ISA yourself, because your money will lose this ISA status.
We’ll let you know when the transfer is complete. The whole process usually takes 14-30 days.
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How to buy shares or top up your impact investment
You can purchase shares in the Triodos Impact Investment Funds through the Triodos Mobile Banking App or Internet Banking.
- Choose the account you'd like to invest through
In your account Overview, click on the account you would like to invest through (either a Stocks and Share ISA or Impact Investment Account), check that you have the amount of money available that you want to invest in your linked Cash Account. If not, make a transfer into the Cash Account you want to invest from.
Your first deposit into your Cash Account must be from your nominated account. If you don’t make your first deposit from your nominated account it could cause delays in it showing in your account.
See How do I add money to my Cash Account?
- Choose your fund
Once you’ve chosen the account, select the ‘Invest More’ button and select the fund you would like to invest in (be careful to choose the correct fund), click ‘Invest’, select either distribution or capitalisation shares, and then ‘Lump Sum’.
- Confirm your investment amount
Enter the amount you want to invest (minimum of £250 for lump sums or top ups and £25 for regular monthly investments) and click ‘Continue’.
- Review the details
You will then see a summary of your instruction and an estimate of the associated annual costs, if you are happy with these click ‘Continue’.
The following page confirms your investment amount and the Cash Account which is to be debited.On the next page you can read the Supplementary Information Document (SID) and Key Investor Information Document (KIID), and you’ll be asked to confirm that you have read them before you can proceed.
- Authorise the purchase
Enter your Mobile Banking login or Internet Banking password to authorise the purchase.
You will then see confirmation that your purchase instruction has been received.
- We'll arrange the rest
Instructions received before 10am on a Business Day will be dealt on the same day and priced at the next available valuation point - the Triodos Impact Investment Funds value every Business Day in the morning before European markets open. Instructions received after 10am or on a non-Business Day will be dealt on the following Business Day and priced at the next available valuation point.
A contract note will be available under the ‘Transactions’ section for your Stocks and Share ISA or Impact Investment Account once the trade is completed.
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Can I switch my investment between funds or share classes?
You can switch between funds and share classes. A switch is when you sell your holding in one fund or share class and buy back another. For example, if you hold shares in the Triodos Global Equities Impact Fund and want to switch to the Triodos Pioneer Impact Fund or if you wanted to switch from holding distribution shares to holding capitalisation shares within the same fund.
You can do this through the Triodos Mobile Banking App or Internet Banking. Simply sell the shares you no longer want and once that deal has settled and the funds have arrived in your Cash Account you can purchase the shares in the fund you now want instead. The minimum investment amount of £250 applies for initial investments and top ups, or £25 per month for regular monthly investments.
If you would like to switch, please ensure you have read the relevant Key Investor Information Document (KIID) for the new fund which can be found under Key Documents on the fund pages, as well as the Supplementary Information Document (SID) and the Terms and Conditions for our Impact Investment Funds and Stocks and Shares ISA.
Please note, when selling your holding outside of an ISA wrapper you may realise a capital gain or loss. Most individuals have a capital gains allowance of £6,000 (for the 2023/24 tax year), any gain below this amount means there is no charge on any profit you made. If you happen to make a capital loss this can be used to offset future capital gains.
For further information see How can I move my TBUK non-ISA impact investment into the Triodos Stocks & Shares ISA? (Bed & ISA).
Once you add money into a Stocks and Shares ISA Cash Account, this will count as an ISA subscription for the current tax year.
Please note, if you have not paid into your ISA since 5 April 2022 you will need to declare your eligibility before transferring your money. For more information see Do I need to declare my ISA and how do I do this in Internet Banking?
Keep in mind that when you buy and sell investments, you might buy back slightly less due to market movement. And with investing in general, there’s always the risk that you could get back less than you put in.
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How to sell your impact investment shares
You can sell shares in the Triodos Impact Investment Funds through the Triodos Mobile Banking App or Internet Banking.
- Choose the account you'd like to sell shares from
In your account Overview, click on the account you would like to sell shares from (either a Stocks and Share ISA or Impact Investment Account)
- Choose the fund
Under ‘My investments’ click on the fund you want to sell from (be careful to choose both the correct fund AND share class), then click ‘Sell’
- Confirm the amount
Enter the £ amount you want to sell and click ‘Continue’
You will then see a summary of the amount you are instructing to sell, if you are happy with this then click ‘Continue’
The following page confirms the Cash Account which is to be credited with any proceeds. Select ‘Confirm’ to continue
- Authorise the sale
Enter your Mobile Banking login or Internet Banking password to authorise the sale. You will then see confirmation that your sell instruction has been received.
- We'll do the rest
Instructions received before 10am on a Business Day will be dealt on the same day and priced at the next available valuation point - the Triodos Impact Investment Funds value every Business Day in the morning before European markets open.
Proceeds from sales will be received three Business Days after the dealing date.Instructions received after 10am or on a non-Business Day will be dealt on the following Business Day and priced at the next available valuation point.
Sale proceeds will be credited to the Cash Account to which they are linked.You can either leave them in the Cash Account or withdraw them to your nominated account.
A contract note will be available under the ‘Transactions’ section for your Stocks and Share ISA or Impact Investment Account once the trade is completed.
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