RBS Stocks and Shares ISA

RBS do not currently offer Stocks and Shares ISA but do offer a range of other options for investing and savings, including a number of Cash ISAs.

Choosing an investment ISA

An investment ISA is a great way to put away some extra money in a tax-efficient way. You can invest anything up to the tax threshold for that year and spread it across a Cash, Stocks and Shares and Innovative Finance ISA or consolidated within one account.

You can only fund one stocks and shares ISA per tax year but as all providers must allow you to move your money you will be able to transfer. It’s worth checking if your current provider charges penalties as you could receive back less than you originally invested.

Realistically, Stocks and Shares ISAs have the potential to provide better returns than a Cash ISA but customers must be prepared for the risk element that is involved as your money could lose value depending on how the market performs

About Stocks and Shares ISAs

Although this type of account is not normally an investment in its own right,it does provide you with a platform to invest from. An investment ISA can hold money in order to invest in qualifying sources 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 ISAs 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 ISA wrapper, although dividends do incur 10% income tax at source.