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Compare Skipton Building Society ISAs

Compare ISAs from Skipton Building Society and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

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

Stocks & Shares ISAs

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

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 Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you
  • Invest From: £100

My Choice ISA

from Scottish Friendly

Allows ISA Transfers
Regular Savings
  • Fund Choice: A choice of 10 funds so you can pick those that best suit your needs, whether that is just one, a mixture of all 10 or somewhere in between.
  • Invest From: £10pm

Stocks & Shares ISA

from Beanstalk

Allows ISA Transfers
  • Fund Choice: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.
  • Invest From: £10

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

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

Who are Skipton Building Society?

Skipton Building Society were founded in 1853 in Skipton, Yorkshire, and today are one of the largest building societies in the UK.

The building society offers a range of financial services to its members including:

  1. Savings and investment accounts
  2. Financial planning and advisory services
  3. Mortgages and insurance products

Among Skipton’s range of savings and investment accounts are Cash ISAs and Stocks and Shares ISAs.

Skipton’s Cash ISAs are available to all customers including non-advised investors; however, their Stocks and Shares ISA is only available to customers receiving financial advice.

What is an ISA account?

An ISA account is a type of savings and investment account that is completely free of the following forms of tax:

  • Income tax

You usually pay this on interest earned in a cash savings account and on dividends you receive from stock investments.

  • Capital Gains Tax

You usually pay this on the growth of your stock investments if you make a profit when you sell them.

HMRC permits all individuals to invest up to £20,000 in ISA accounts in the current tax year, and this allowance can be split between Cash ISAs and Stocks and Shares ISAs.

For example, you can invest £5,000 in a Cash ISA and £15,000 in a Stocks and Shares ISA in the same tax year.

What’s the difference between a Cash ISA and a Stocks and Shares ISA?

Cash ISAs and Stocks and Shares ISAs have the same tax benefits and account rules, but vary in the underlying assets they invest in.

Cash ISAs are like regular savings accounts that generate interest earnings on your cash balance.

Stocks and Shares ISA are investment accounts that allow you to invest your ISA funds in the stock market.

Cash ISA summary:

  • Cash ISA savings cannot decrease in value.
  • Benefit from a fixed or variable rate of interest on your cash savings.
  • Fixed interest rates are higher, but you are committed to a fixed term between 1 and 5 years, during which you are charged for withdrawals.
  • Variable ISA interest rates are lower, but you have greater flexibility for withdrawals.
  • Interest rates are currently very low across the UK, so the return potential on your savings is fairly low.

Stocks and Shares ISA summary:

  • S&S ISAs allow you to invest in the stock market through shares, managed funds and other investment vehicles.
  • You can either pick investments yourself or choose a ready-made ISA portfolio that’s managed by professionals.
  • You‘ll be charged an annual fee by your Stocks and Shares ISA provider and any fund managers you invest with.
  • The potential for greater returns is higher compared to Cash ISAs, but the value of your investments can fall as well as rise so you could get back less than what you originally invest.
  • You can usually withdraw free of charge from a Stocks and Shares ISA whenever you need to.

What type of Cash ISA does Skipton Building Society offer?

1. Skipton offer two types of Cash ISAs:

  • Skipton BS Easy-Access Cash ISA
  • Variable rate of interest
  • Unlimited free withdrawals
  • Save from just £1
  • Open a Cash ISA online, over the phone, by post or in branch

2. Skipton BS Fixed Rate ISAs

  • Guaranteed rate of interest
  • Fixed terms from 1 to 5 years
  • The longer the term, the higher the interest rates
  • Save from £500
  • No withdrawals are permitted, and early account closures incur losing some of your interest

Can I transfer my existing ISA into a Skipton Building Society Cash ISA?

Yes, you can transfer any existing Cash or Stocks and Shares ISAs you own into a new Skipton Cash ISA.

  • To do this, you will need to complete an ISA transfer form with Skipton BS.
  • They will then carry out your ISA transfer on your behalf and notify you when it is complete.

Does an ISA transfer count towards your ISA allowance?

If you use an official ISA transfer form, your ISA transfers do not count towards your annual ISA allowance.

This means that you can transfer as many ISAs as you want in one tax year, without worrying about going over the £20,000 ISA limit.

Remember – make sure you do not simply withdraw from your existing ISA and then contribute the funds to your new ISA. This will result in your ISA funds losing their ISA status, so when you add them to your new ISA it will take away from your annual allowance.

What type of Stocks and Shares ISA does Skipton Building Society provide?

At the time of writing, Skipton Building Society’s Stocks and Shares ISA account is only available to customers receiving financial advice.

This means that you cannot invest in a Skipton Stocks and Shares ISA without speaking to one of their financial advisers first who will help you with your investment decision.

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

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.