Is "AJ Bell" The Best Place For Your ISA?
AJ Bell offer a wide variety of different kinds of funds for your ISA, helping you make the most of your tax-free allowance. We’ve looked at various different aspects of the provider to help you decide if it is right for you.
- Trade From (frequent trader rate): £4.95
- Trade From (standard trader rate): £9.95
Why we like it: Voted ‘Best Execution Only Broker 2020’ in the ADVFN International financial Awards. Place 10 deals or more per month and pay only £4.95 per online deal in the next month. Deal from £1.50 and never pay more than £9.95 per online trade. AJ Bell is one of the UK’s largest online investment platforms with £48.3 billion in assets under administration for 262,000 customers.
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.
- Protection Scheme: FSCS
- Fund Choice: 2000+ Funds
- Invest From: £25 pm
Why we like it: It is simple to invest in a fund online. You will need to open an account first and then choose the fund you are interested in investing in. There are over 2,000 funds to choose from but to make it easier for you AJ Bell have created their favourite funds list which is their pick of the best funds.
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.
- Protection Scheme: FSCS
- Fund Choice: Over 2,000 Funds, Shares and ETF's
- Invest From: £25 per month
- Trade From (frequent trader rate): £4.95
- Trade From (standard trader rate): £9.95
Why we like it: Start from £25 per month and save up to £4,000 per year. Wide choice of stock market linked investments, or utilise online investment ideas. Can be retained in cash. Simple annual management fee of 0.25%. Deal from £1.50 and never pay more than £9.95 per online deal. AJ Bell are regulated by the Financial Conduct Authority and are covered by the Financial Services Compensation Scheme. Capital at risk. AJ Bell Youinvest doesn’t offer advice.
- Select your own investments, access fund options, or choose investment ideas where specialists do the hard work for you
- Access your account online 24/7 and deal on the go with the mobile app
- UK-based customer services team, webchat and email support
- Open with lump sum, regular contributions or transfers from existing ISA's
- Contribute up to £4,000 per year until you’re 50
- Get a 25% government bonus: For every £4 you pay in you receive a £1 bonus
- Use your savings to buy your first home up to a value of £450,000, or use as retirement income from aged 60
- You can contribute to both a stocks and shares Lifetime ISA and a ‘regular’ stocks and shares ISA in the same tax year
- Must be UK resident aged 18-39 to open
- If you need to access your money for any other reason, you’ll pay a 20% penalty (25% from 6 April 2021)
- Annual account charge of 0.25%
- Dealing and other charges will depend on the investments you choose and will apply in addition to an annual account charge
- Tax rules can change and their benefits depend on your circumstances. Lifetime ISA allowance forms part of the overall £20,000 annual ISA allowance
- Tax and Lifetime ISA rules apply
- If you choose to save in a LISA instead of enrolling in, or contributing to, your workplace pension you will miss out on the benefit of your employer’s contributions to that scheme and your current and future entitlement to means tested benefits may be affected