HSBC Stocks and Shares ISA

HSBC Stocks and Shares ISA

HSBC Holdings plc is a British banking and financial services company, one of the world’s largest banks by total asserts it is based in Canary Wharf, London. HSBC currently offer a stocks and shares ISA as well as other types of ISA. All their accounts take transfers in but many are limited to HSBC customers. They offer other stocks and share investment options aside from their ISA.

Choosing an investment ISA

It’s wise to shop around ISA providers before committing to any one product, as you can only open one new ISA of each type each tax year, although it may be possible to transfer accounts. When looking for an investment ISA you may want to consider things such as minimum investment charges and the range of products it allows you to invest in.

Use the tables on this website to compare a selection of different types of ISA a from a variety of providers. Follow the links to find out more or apply.

HSBC Stocks and Shares ISA Review

World Selection Stocks and Shares ISA

1. Advertised as a simple way to invest at your preferred level of risk
2. Exclusively available for HSBC customers
3. Withdraw or top up any time
4. Benefit from a ready-made portfolio which is managed by their team of professional
5. Benefit from a range of asset classes, geographies and currencies
6. There is no initial charge on the account but an annual account fee applies

You can open this account with a £1000 lump sum or £50 per month minimum investment.

About stocks and shares ISAs

Investment ISA are not normally investments in their own right, rather they are an account that holds money for an individual to vest in ‘qualifying investments 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.

It is important to remember with this kind of option your capital is at risk, as the investments you make could go down as well as up in value, so you could get back less than the amount you originally put into the account.