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Jul 2020

What is the Best Investment ISA? Top Picks In 2020-21

What is the Best Investment ISA? Top Picks In 2020-21

There is a lot of choice when it comes to picking an Investment ISA to make use of your tax-free allowance for this year. There is a wide scope of different platforms offering a lot of variety for you to pick and choose from. So, the question emerges: what is the best investment ISA for you? We've put together the questions you should be asking, in order to get your answer. 

Before looking at the best available deals, its important to point out that the “best” investment ISA deal is subjective. It's less about finding the "best" Investment ISA, but about finding the best one for you. When looking to get the best possible investment ISA deal, you're going to want to evaluate certain considerations first. 

Our top five considerations to think about are:

  1. Don’t just pick the cheapest option you can see – the cheapest advertised option might not end up being the cheapest overall
  2. Where do you want to put your money? With a wide scope of choice, you should investigate not only your desired platform but also your desired funds.
  3. What kind of tools and research opportunities do platforms offer?
  4. How much are you investing?
  5. What added costs (and potential savings) are you looking at?

This is the whistle-stop tour of these considerations, however you can read more details and information about these in our blog.

Our Top Picks for Investment ISAs in 2020

FTSE 100 UCITS ETF Trackers ISA - iShares

This is available via Fidelity Fund Supermarket; it's a very low cost FTSE 100 Tracker ISA with a 0.07% per annum charge. The product has historically had a record of tracking the benchmark to a high level of accuracy. Any income generated is reinvested, leading to compound interest. 

FTSE 250 Index Tracker ISA - HSBC

This is a low cost FTSE 250 tracker with an annual charge of 0.18% per annum. FTSE 250 are medium companies which offer an exciting opportunity for investing in companies with growth potential. Available via Hargreaves Lansdown Fund Supermarket, HSBC boasts lots of experience running tracker investment funds. 

Index World ISA - Fidelity International

This fund tracks the performance of the MSCI World (Net Total Return) index  and by doing this, hopes to increase the value of your investment over a period of five years. This is a low-cost (and easy) way to begin investing in the stock market and spread risk across lots of different shares. Available via Fidelity Fund Supermarket this fund has a low 0.1% ongoing charge.

High Income Investment ISA - Artemis 

Higher income usually means higher risk when it comes to investing - but if you are comfortable with that, then this fund-managed ISA might be for you. This fund focuses on high-yield bonds and shares, guided by an experienced bond investor. The current income distribution yield is an attractive 4.83% paid monthly. If you're interested in this account, this is available via Hargreaves Lansdown Fund Supermarket

Ethical Trust Income ISA - Legal & General

Many people want their investments to marry with their convictions; for these individuals, an ethical ISA is the way to go. This is a low-cost option with a 0.25% per annum charge. This fund generates growth by tracking the performance of the FTSE 350 Index . However, companies whose ethical and environmental guidelines do not pass 'ethical screening methodology' will not be included. This is determined by the fund manager, and this fund is available via Hargreaves Lansdown Fund supermarket

With these in mind, we’d recommend you follow the following steps in order to find and secure the best Investment ISA for you:

  • Step 1: Look at your finances and answer some key questions
  • Step 2: Choose your preferred management style
  • Step 3: Think about your risk profile
  • Step 4: Shop around
  • Step 5: Choose your account
  • Step 6: Approach your provider and open your account

You can read more details in our blog dedicated to our step-by-step guide on how to choose a Stocks and Shares ISA. 

Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Hargreaves Lansdown

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Choose from over 2,500 funds, shares, investment trusts and more to build your portfolio. UK and overseas shares. Corporate and government bonds. Exchange Traded Funds (ETFs). Ready-made portfolios to suit your goals and attitude to risk from £1,000. Expert research to help make your decisions. Investment trusts and much more. Capital at risk.Tax & ISA rules apply
  • Invest From: £25 pm or from £100 lump sum

Why we like it: Choose your own funds or alternatively a ready made portfolio. Market-beating savings and discounts of up to 5.5%. No charge to buy and sell funds. Low, tiered annual charges for holding funds, with a maximum of just 0.45% per annum. Free fund updates and analysis from experienced research team. Invest with a financially secure, FTSE 100 company.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from Fidelity

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK, plus shares, investment trusts and exchange-traded funds. There’s also expert guidance to help with your investment decisions, which includes a selection of tools and insights from Fidelity’s experts. Capital at risk. Tax and ISA rules apply.
  • Invest From: £25 through regular savings or £1,000 lump sum

Why we like it: Fidelity has lots of investment options, plus an extensive range of guidance tools to help you decide what to invest in. Their award-winning ISA is easy to start and offers great value, their a typical service fee of just 0.35%. Other ongoing charges apply. On top of that, everything is backed by Fidelity’s 50 years of investment experience.

Important: The value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

Tax treatment depends on individual circumstances and all tax rules may change in the future.

Stocks & Shares ISA

from Interactive Investor

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds or select a ready made portfolio. Investment trusts, ETFs, Bonds & Gilts. Option to invest in 6 low cost funds selected by experts to get you started. Capital at risk. Tax & ISA rules apply
  • Invest From: £25 a month or any lump sum

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Strong ethical investment proposition with more than 140 investment options. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

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.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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