Tax-efficient investments in sustainable listed companies

An investment approach designed for a sustainable future

When developing our investment approach, we identified six global trends presenting some of the world’s major sustainability challenges, and the transitions we - as a society - need to make to solve them.

We then developed seven sustainable transition themes, which act as the north star for our investment approach. They help us encourage organisations to adopt commercially viable solutions for overcoming global sustainability challenges.

We’re a global impact investor

More than ever, the world needs investments that make a positive impact, and impact investing plays an important role in the transition to a fairer and more sustainable world.

For over 25 years Triodos Investment Management has been investing for impact and has in-depth knowledge and expertise in making money work for people and planet. We have €4.2bn in assets under management, all directly contributing to a more sustainable future.

We collaborate to achieve a sustainable future

We can’t achieve a more sustainable future alone. So we collaborate with the companies we screen and invest in to promote and encourage sustainable practices.

We work with them closely to help them increase their positive impact. And we use the voting rights associated with our shareholdings to ensure that decisions around financial profit are never made at the expense of people or the planet.

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You must be aged 18 or over and resident in the UK to invest in our Ethical Stocks and Shares ISA

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Within your Stocks and Shares ISA, you can choose to invest in any one or all four of our funds, all of which invest with positive impact in a range of stock market listed companies and bonds.

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

What are the minimum investment amounts in the impact investment funds?

We offer four impact investment funds - the Triodos Global Equities Impact Fund, the Triodos Pioneer Impact Fund, the Triodos Future Generations 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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What is a Cash Account and why do I need one?

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 Triodos Mobile Banking App or Internet Banking.

If you are adding money to your Cash Account for the first time, then this will need to be transferred from your nominated account. Subsequent payments into your Cash Account (ready to purchase more shares or to cover your Annual Service Charge) 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.

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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How do I add money to my Stocks and Shares ISA or Impact Investment Cash Account?

If you are adding money to your Cash Account for the first time, then this will need to be transferred from your nominated account. Subsequent payments into your Cash Account (ready to purchase more shares or to cover your Annual Service Charge) 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.

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What are the charges for investing?

There is an Annual Service Charge paid quarterly by Impact Fund investors and an Ongoing Charges Figure which is deducted from the fund daily and therefore not paid separately.

Annual Service Charge – paid by you quarterly

The Annual Service Charge is tiered, so customers who hold more than £250,000 in either their Triodos Impact Investment Account or Stocks and Shares ISA will pay a lower percentage on the investment balance over this amount.

Holdings in either a Triodos Impact Investment Account or Stocks and Shares ISA

The percentage charged per annum on any balance of holdings up to and including £250,000.00 is 0.40%
The percentage charged per annum on any balance of holdings £250,000.01 and over is 0.20%

The Annual Service Charge (ASC):

is a charge that is collected by Triodos Bank UK to cover costs of providing our investment service, including administration costs.
is expressed as an annual percentage but calculated and paid quarterly, based on the average value of your holding across the previous quarter.
is paid from money in the linked Cash Account or by selling shares if there isn’t enough cash available (see below for details).

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 deducted on the first weekday of the quarter. If you do not have enough money in your Cash Account to cover an upcoming Annual Service Charge, we will try to contact you beforehand by email or letter to let you know, so that you can pay into your Cash Account if you would like to.

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). The dealing instruction will be automatically generated to proportionately sell enough shares within your account based on your holding on the first Calendar Day of the new quarter.

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 (unless they are held in a Stocks and Shares ISA).

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.

Ongoing Charges Figure – deducted from the fund daily and not paid separately by you

The Ongoing Charges Figure (OCF):

is the ongoing costs of running the funds, also known as the Total Expense Ratio or TER). 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.
is expressed as an annual percentage and 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.
can be found in the Key Investor Information Document (KIID) and may vary.
includes the cost of converting between sterling and euros when buying and selling, which is charged at 0.2% of the exchange rate used (this fee is not applied directly to individual investments, it is shared by all euro and sterling investors in the fund and is already accounted for in the published share price).

Please visit the fund pages on our website for details of the current OCF:

Triodos Global Equity Impact Fund

Triodos Pioneer Impact Fund

Triodos Future Generations Fund

Triodos Sterling Bond Impact Fund

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How can I cancel a pending investment instruction (purchase or redemption)?

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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How can I move my TBUK non-ISA impact investment into the Triodos Stocks and Shares ISA? (Bed and ISA)

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 (if you don't already have one)
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?
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 £3,000 (for the 2024/25 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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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 Triodos Mobile Banking 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 you will receive the price for that day. Instructions received after 10am or on a non-Business Day will be dealt with on the following Business Day.
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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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 £3,000 (for the 2024/25 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.

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 you will receive the price for that day.

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.
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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