Santander Investment ISA
Santander UK plc is a British bank, wholly owned by the Spanish Santander Group. They have over 1,010 branches across the UK and is one of the UK’s leading personal financial services,
While Santander don’t currently offer a Stocks and Shares ISA, they do offer a range of other ISA options. Compare our tables for latest rates.
Why Choose an Investment ISA?
In this time of ever decreasing interest rates from banks, many people have turned to investing in order to make up the shortfall. There is an element of risk as there is no guarantee that you will make any profit and could even make losses on your money
However, investing has traditionally been a successful way to gain returns on your money and with many providers offering managed accounts with a portfolio to match your risk threshold, it has never been easier for beginners to start investing. This option also makes it very easy for busy people who don't have time to keep on top of managing a portfolio.
Most Investment accounts do take transfers in but check with your current provider to make sure there are no hidden charges for account closure which could result in significant losses.
About Investment ISAs
Investment ISAs have the potential to provide better returns than any other savings account.
Investment ISA Rules:
- The gains you make on your investment are not counted as part of your ISA allowance
- If you sell any shares in your ISA, then the proceeds can be reinvested within the ISA and will not count towards your annual allowance
- Everyone over the age of 16 has an ISA allowance, and if you’re over 18 you can have an Investment ISA
All Investment ISAs charge some kind of account fee. Make sure you check before you apply.
You can transfer from a Cash ISA in to a Stocks and Shares ISA and vice versa. Just watch out for early closure charges.
This type of account is not normally an investment in its own right but it does provide you with a platform to invest from. An investment ISA can hold money in order to invest in qualifying sources such as government bonds and corporate bonds as well as shares and stocks.
They are generally available as either self-select ISAs that allow you to invest directly into stocks and shares or as collective investment schemes. Stocks & shares ISA are referred to as ‘tax-efficient’ wrappers, as there is no capital gains tax to be paid on gains made on investments held within the wrapper.