General Investment Account

For more information on the financial terms used in this page, please consult the glossary.

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

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