A Stocks & Shares ISA (Individual Savings Account) is a tax-efficient investment account you can use to hold your money and invest on the markets. Many people opt for an investment ISA to enjoy an income through the possible returns, which would be tax-free up to £20,000 per year.
A Stocks & Shares ISA is a great way to shelter your returns from tax while enjoying the freedom to invest in markets and industries you care about. Investment ISAs also offer the possibility of a higher return than the interest you’d get from a Cash ISA. On the Direct Investment Service, you can choose to invest in:
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The allowance for the current tax year is £20,000.
First you need to choose your service level, deciding how much involvement you would like in you investment choices.
Yes. Once you have set up your ISA account, choosing the service most suitable for you, you can complete the transfer forms and we will contact your existing ISA provider to arrange a transfer of your assets.
Please note, the transfer turnaround time will depend upon the assets held with your existing provider. Once both the cash and the investments have been received we will notify you.
We offer flexible ISAs, so you can replace any cash withdrawals during the same tax year without counting towards your annual ISA allowance.
Bed & ISA is a way to transfer shares held outside of an ISA into your ISA as a subscription. The shares are simultaneously sold from your Investment Account and repurchased in your ISA account through the same market maker to protect you against any price movements and to control the amount charged by the market maker by the “spread” between the sale and repurchase price. On the settlement date, we will record the sale proceeds as your subscription to your ISA.. Furthermore, because Bed & ISA includes a sale, you might also need to pay capital gains tax.
Yes, you can have both a Cash ISA and a Stocks & Shares ISA, though you must only have one provider of each for contributions in a particular tax year ending on the 5th April. That means your annual tax-free allowance of £20,000 can be divided in any proportion you like between the two.
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Choose from the range of accounts available via the Direct Investment Service, our online DIY investing platform you can use to build your investments. We can help you make the most of your tax allowances and ensure your money is available when you need it.
Give your children a financial head start with our JISA. Shelter up to £9,000 per tax year.
Create more opportunities for your retirement by saving more within a SIPP. Pay in up to £60,000 per tax year and get tax relief.
Start investing today with a wide range of funds and shares or transfer and consolidate any existing holdings.
Charles Stanley is not a tax adviser. Information contained within this page is based on our understanding of current HMRC legislation. Tax reliefs and allowances are those currently applying and the levels and bases of taxation can change. Tax treatment depends on the individual circumstances of each person or entity and may be subject to change in the future. If you are in any doubt, you should seek professional tax advice.