Standard Life ISA
Standard Life plc is a savings and investment company based in Edinburgh, Scotland. Tracing its roots back to 1825 it now has operations worldwide. Standard Life offer Stocks and Shares ISA products to UK customers.
Finding a Stocks and Shares ISA
Each eligible individual can only open one new stocks and shares ISA per tax year, although it may be possible to transfer. This means before committing to a product is can be a good idea to shop around what a range of different providers could offer you to try and find the best deal available for an ISA that suits your investment needs.
You can use the tables on this site to compare a selection of different ISAs, at the same time, from a range of providers and follow the links to find out more or apply.
About Stocks and Shares ISAs
A Stocks and Shares ISA is an investment tool that provides a tax-efficient wrapper, up to the maximum ISA allowance, for an individual’s capital. The money held within an investment ISA can then be put into a range of qualifying investments which can include; bonds, gilts and funds as well as stocks and shares. Remember that when investing that the value of your investments can go down as a well as up and you could get back less or none of what you originally invested.
With a stocks and shares ISA there is no capital gains tax to pay on gains on investments held within the ISA, dividends incur a 10% income tax at source but there is no further income tax to be paid.
Other ISA types
In addition to investment ISAs there are other types such as innovative finance and cash ISAs. As these products are entirely different ISAs from each other you are allowed to open them in addition to an investment ISA within the same tax year so long as you do not exceed your overall ISA allowance.
Cash ISA – Work much like a normal savings account in that money deposited into the account accrues interest. The main difference is that all of the money held within the account, up to the maximum allowance, is paid tax-free. There are different types of cash ISA available such as instant access and fixed rate, so savers can choose a product that fits how they want to save.
Innovative Finance ISA – Offer a way for individuals to invest using Peer to Peer in a tax-efficient manner.