Find answers to our most frequently asked questions
Our mission is to have a positive impact on climate change, by moving billions of pounds of investments out of fossil fuels and into clean energy and truly green, sustainable companies.
Our platform aims to provide a simple way to invest in multi-asset portfolios (shares and bonds), with a focus on sectors that we believe will play a significant role in tackling climate change, including clean energy, clean technology, sustainable food, clean water, smart mobility and recycling.
We currently offer two main investment products: General Investment Account, GIA, and Stocks and Shares ISA. We’re working to add more products and functionalities to our app, which you see in our public roadmap.
You need to be 18 years of age or older and be a UK resident to open an account.
We currently offer two main investment accounts: General Investment Account, GIA, and Stocks and Shares ISA (Individual Savings Account). We’re working to add more products and functionalities to our app, which you see in our public roadmap.
You can download our app from Apple Store or Google Play, sign up in a few minutes and start investing sustainably! In order to open an account, you need to be 18 years of age or older and be a UK resident.
We do not give financial advice. We do assess the suitability of our services for your circumstances and needs as well as your attitude to risk and capacity for loss. In order to do this, we’ll ask you some questions to understand your experience, knowledge, objectives and risk appetite. We then use this information to create an investor profile and align you to a portfolio that’s tailored by our experts.
Clim8 Invest is an appointed representative of WealthKernel Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 723719). Customer money is protected by the Financial Services Compensation Scheme (FSCS) for up to £85,000 of the amount invested via Clim8. This doesn’t cover losses incurred through investment performance or if you get back less than you originally invested.
WealthKernel is also the custodian of the portfolios, where the investments in your portfolio will be held. The role of a custodian is to hold customer assets for safekeeping in order to minimize the risk of their misappropriation, misuse, theft, or loss.
When you make a payment to your Clim8 Invest account, that money is immediately transferred to WealthKernel. Their role as the custodian is to hold customer assets for safekeeping in order to minimise the risk of their misappropriation, misuse, theft, or loss. Wealth Kernel is authorised and regulated by the FCA and is also a member of the Financial Services Compensation Scheme (FSCS) which means your money is protected in the event of WealthKernel’s insolvency for up to £85,000 of the amount invested via Clim8. This doesn’t cover losses incurred through investment performance or if you get back less than you originally invested, although in such cases, you may have recourse to the Financial Ombudsman Service (FOS).
You can have up to 3 General Investment Accounts (GIA) and 1 Individual Savings Account (ISA). You can open one GIA for each available risk type. You will be able to see which accounts are available on your Dashboard.
You can only have one ISA account right now, with a single risk type. However, we’re currently working on allowing you to spread your annual ISA allowance across more than account and risk type.
When we do launch multiple ISAs, the annual allowance (currently £20,000) will be shared across all your ISA accounts. So you won’t be able to deposit more than the allowance with Clim8 in a single tax year.
You can open an account with a new risk type in the Clim8 app. If you want to move funds from one risk type to another, you’ll need to get in touch with us.
You can open the new account in your Clim8 app, but you’ll need to get in touch with us if you want to move funds from one account to the other.
This is not something we offer right now but we’re currently exploring the option of offering Junior ISAs in the future.
Once you’ve withdrawn all your funds, you can ask our customer support team to close the account for you.
ISA is an Individual Savings Account which is a tax efficient wrapper that allows you not to pay tax on any growth or income you’ve made in investing or saving while your savings or investments remain within the ISA wrapper. The government allows everyone tax resident in the UK a set amount of tax-free allowance within each tax year. If you don’t use all your tax-free allowance for that year, it doesn’t roll over to the next year. You either use the allowance or lose it.
You can read more about ISAs in our dedicated product page or in this article explaining everything you need to know about ISAs.
Provided you have not opened and or funded a stocks or shares ISA in the current tax year, then you can open a Stocks and Shares ISA with Clim8.
Contact our support team on firstname.lastname@example.org, state your current ISA provider name and request transfer-in forms. We will take care of the rest.
We have designed our forms to be simple and easy to complete. You must ensure all your details are correct and up to date when completing the forms. If your details are outdated with your provider that you want to transfer out from; such as your address or name. Please, ensure to update your details with your provider before completing the form otherwise the transfer will not be processed as all your details need to be the same with both providers.
Transfers normally take up to 4 weeks. However, this depends on your current provider. We always aim to process transfers as quickly as possible but if your transfer is taking longer than expected, it is a good idea to follow up with your current provider as they may be able to help progress the transfer across.
Contact our support team on email@example.com and we’ll handle this for you.
Clim8 Invest is the registered trademark of Clim8 Invest Ltd. Registered in England and Wales, company no. 12179517. Registered office: 1 Lyric Square, London, W6 0NB. Clim8 Invest Ltd (FCA reg no. 927293) is an appointed representative of WealthKernel Limited (FCA reg no. 723719), which is authorised and regulated by the Financial Conduct Authority. The information on this website is subject to the UK regulatory regime and is therefore only targeted at consumers based in the UK.
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