General Investment Account

Reasons to invest in a GIA with myM&G

Once you've used up your tax-efficient Individual Savings Account (ISA) allowance for any given tax year, or if an ISA isn't right for your needs, what are your options?

If you're already investing through myM&G − or even if you're not − our General Investment Account (GIA) could be your next port of call.

How do GIAs work?

• You're free to invest as much or as little as you want in a GIA, with no yearly upper limit
• You can hold your GIAs jointly with other people
• With myM&G you can open different GIAs for different purposes – so it's easier than ever to keep your investments organised
• You can also use a GIA to manage investments for your children, for them to use as you see fit (for instance, saving for university fees or a deposit for a house)
• The money you've saved in your GIAs can be transferred to someone else at a later date
• We'll never charge you for transferring cash or shares into your GIA, unlike some other providers – and it's easy to transfer money out
• When you’re deciding how to invest, it's important to remember that the value and income from a fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

Investing in an Open-Ended Investment Company (OEIC) with myM&G

At M&G, our most common funds are called Open-Ended Investment Companies (OEICs). If you choose to invest in one of these, you can hold it in a GIA.

• By investing in an OEIC, you'll be part of a managed fund with many investors' money pooled together
• All that pooled money is used to buy investments across a range of different assets (dependent on the goal of the fund)
• Diversified investments can offer more potential for growth, and can help decrease your investment risk
• All investments are managed by a professional fund manager