A flexible and tax-efficient way to save
Tax-free allowance
Save up to £20,000 each tax year with no income or capital gains tax to pay when you come to spend your savings.
Invest for the future
Your money is invested in funds within a ready-made portfolio. Choose the portfolio that best suits your investment goals.
Flexible withdrawals
Put cash in and take it out within the same tax year, without impacting your annual ISA allowance.
How we bring you on board
When you're introduced to us by a referral partner, you'll be given a personal link to get started. It's then easy to come on board.
1. Tell us who you are
We ask for basic information to get started. You'll need to be age over 18 or over, a UK resident and taxpayer, and not a US person.
2. Self-serve or take advice
Make your own decisions about product and investment choices. Or you can speak to a financial adviser for a one-off fee.
3. Choose a portfolio
Choose from our range of ready-made investment portfolios by finding one that best suits your circumstances and goals.
4. Speak to a Specialist
Our Savings Specialists will take you through the transfer process and do all the admin for you.
5. Decide how to save
After transferring your current savings to us, you can save a regular amount each month or make one-off payments.
How much will it cost?
Fees are based on a percentage of the money you have in your account.
There's a total annual fee of up to 0.76% of the value of the assets in each product. This is made up of:
- Investment service fee of 0.52% for providing ongoing support in relation to your investment portfolio.
- Platform charge of 0.13% for running the online services that hold your investments.
- Fund charge of up to 0.11% for the operation of each of the funds within your investment portfolio.
There may be further transaction costs within the underlying funds, and Hubwise (our ISA provider) might charge ad hoc servicing fees.
If you’d like financial advice about your savings and investments from one of our advisers, there’s an advice fee of 0.75% of your assets, up to a maximum of £500. This is a one-off fee for one advice event.
Learn more about the Stocks & Shares ISA
A Stocks & Shares Individual Savings Account (ISA) is an investment account with a government tax incentive. You can invest up to £20,000 across one or more ISAs each tax year (correct for the current tax year) without paying any capital gains tax on your savings growth, or income tax when you come to spend your savings. So it’s all yours. Tax rules are set by the Government and are subject to change.
You can withdraw your money at any time, although you should be aiming to keep your money invested for at least five years. You can take money out and put it back into a flexible ISA in the same tax year without using up any of your ISA allowance.
Remember – you can’t always withdraw money quickly from investments as it takes time to sell them. Or you might not want to withdraw money from an investment if (for example), markets are experiencing a downturn. So make sure you have cash on hand for any emergencies.
To open an ISA with us, you need to be:
- under 75 years old
- a resident in the UK for tax purposes
- at least 18 years old.
If you live and work overseas, you can't open this ISA unless you're a Crown Servant (someone working for the Government abroad) or the spouse or civil partner of a Crown Servant. If you're classed as a US person for tax reasons (requiring you to include your global income on your US tax return) you're not eligible either.
You should feel comfortable investing for the long term, which usually means at least five to 10 years.
An ISA can only be held by one person, so you can't open a joint account.
Other providers may have different criteria.
The biggest benefit of a Stocks & Shares ISA is that there’s:
- no capital gains tax, which is a tax on any profit you make when your investments grow in value
- no income tax on income that’s paid to you
- no dividend tax if you receive income from shares in your ISA
- no need to tax declare your ISA in your self-assessment tax return.
If you die, the value of your ISA will be included when working out the total value of your estate. If your estate is worth more than the current inheritance tax nil rate band threshold, your beneficiaries may need to pay inheritance tax (IHT) at the current rate. There are ways to remove an ISA from your estate – see “What happens to my ISA if I die?”
ISA regulations and tax rules can change, sometimes without warning, from His Majesty’s Revenue & Customs (HMRC).
You can invest up to a maximum of £20,000 in total (i.e. across one or more ISAs) each tax year. This limit is correct for the current tax year. It’s set by the government and can change. If you’re saving regularly into an ISA, you need to be careful not to go over this limit. This Stocks & Shares ISA has a minimum investment of £100.
You should be aware that the money you put in will be at risk and you might get back less than you invested. You should only invest if you have sufficient emergency funds set aside to cover necessary expenses.
With a Stocks & Shares ISA your money is placed in funds that have the opportunity to increase in value more than a regular savings account or cash ISA. But this means the value of your savings could also go down and you might not get back the amount you invested. So when you choose how to invest your money, it’s important to understand what you’re investing in, and how these potential risks are managed. If you want to find out more about our investments, visit investment options.
For information specifically on investment risk, visit investment risk.
What would you like to do next?
Speak to a Savings Specialist
To open a Stocks & Shares ISA you need to be introduced to us by one of our referral partners. If you're unsure, talk to one of our Specialists.
Transfer other ISAs
Once you've opened an account, you can transfer the value of other ISAs. Then you'll see everything in one place so you know where you stand and can plan for the future.
Important information
Remember that the value of your investment can go down as well as up and you could get back less than you invest. The information on this website should not be taken as a recommendation, advice or forecast. However, we do offer regulated financial advice if you're unsure about investing. Ask our Savings Specialists for more information about this service.
The tax you pay will depend on your personal tax position, and tax rules are subject to change by the UK Government. This is not tax advice. If you need more information, please speak to a tax adviser or an accountant.