skip to main content
Compare Investment ISAs / Compare Share Dealing ISAs /

Share dealing ISA Explained

You guide to choosing a share dealing ISA

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

What is a Share Dealing ISA?

With a Share Dealing ISA you can take control of your investments in the stock market and protect any profits you make from income tax or capital gains tax charges.

You can use your Share Dealing ISA to invest in stocks and shares, bonds, gilts, equities, investment funds, investment trusts and exchange traded funds, thereby offering maximum flexibility and control over your investments - ideal for the investor who wants to manage their own funds.

What do I need to look for in Share Dealing ISA? 

Every share dealing ISA provider offers something different, so it's well worth doing some background reading before investing. The provider you choose will depend on your personal investment goals, attitude to risk, and the level of control you want to have over your funds.

It all depends on your priorities.

If your priority is flexibility, some share dealing ISA providers offer…

  1. Online, phone or mobile app trading, so you can keep track of your investments wherever you are.
  2. No inactivity penalties, so you can leave your investments untouched without incurring any charges.
  3. A wide range of investment options to help you create a balanced portfolio and assess risk.
  4. Both UK and international deals, allowing you to access a broader range of potential investment opportunities.
  5. Share price alerts to help you stay on top of the market easily.
  6. A nominee account which allows you to manage your investments all in one place while your ISA provider takes care of the administration.
  7. Trading tools and access to research. 
  8. As well as ISA accounts most providers offer Self Invested Personal Pensions (SIPPs) which can compliment ISA saving. Check with different providers for their charging structures which can vary.
  9. Something else to look out for is whether the provider will pay interest on cash. While you decide on which investment are right for you knowing you are getting interest on any cash balance is a bonus.

If your priority is value for money, some share dealing ISA providers offer…

  1. Low or non-existent set-up fees.
  2. Low administration charges.
  3. Low minimum monthly investments.
  4. A quote-finding service to help you get the best price for your shares on the market.
  5. Discounts for frequent traders - for example, your individual dealing fee may be reduced if you complete a certain number of share transactions per month. So, if you make 10 or more deals in one month, you might receive a discount on each deal you make the following month.
  6. Discounts for regular investors - you may be offered a discount on dealing fees, provided that you regularly invest a certain amount each month.

Most providers tend to offer a mixture of the above benefits, so it's worth researching your options.

5 things to look out for when picking a share dealing platform for your ISA

  1. While trading fees is often the first thing you might look at - cheapest is not always best. Make sure the platform provider offer the services you require. 
  2. Platform functionality is improving all the time - Companies such as Interactive Investor and AJ Bell provide extensive resources to help you make investment choices.
  3. If you want to invest in funds check the providers charging structure - this can vary significantly from one provider to the next. Hargreaves Lansdown have an extensive range of funds where they have negotiated fund discounts for their investors. 
  4. If you want to invest in ETFs or international shares more sophisticated products in addition to your ISA then platforms like Fidelity and Interactive Investor provide clients with tools for trading.
  5. Do plenty of research before choosing a home for your money.

Why should I invest using an ISA?

The current ISA allowance is £20,000 which means for a couple you can invest a whopping £40,000 into an ISA which will be sheltered from tax. Under current legislation that means you will not pay any income tax on interest or capital gains tax on any realised gains when money is taken out the ISA.

Using a share dealing ISA or self select isa as they are often called provides investors with a lot of control - recent platform developments give investors the tools to be fully informed before they make investment decisions. Utilising your annual ISA allowance makes a lot of sense in maximizing your returns. 

Oliver Roylance-Smith
Edited by Oliver Roylance-Smith - ISA.co.uk
Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.