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Stocks and Shares ISA Rules

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Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 2,500 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm

Model Portfolio ISA

from Interactive Investor

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Need help choosing the right investments? ii's experts have carefully selected investments to point you in the right direction.
  • Invest From: £25 a month or any lump sum

Stocks & Shares ISA

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. Capital at risk.
  • Invest From: £25 pm
Selected ISAs

Stocks & Shares ISA

from Nutmeg

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

Stocks and Shares ISA Rules

Stocks and Shares ISAs are an easy way for people to begin investing. Many accounts manage your funds for you or provide you with a simple selection so you can choose your own. It’s tax-efficient wrapper which protects your investments from capital gains tax and personal tax.

A Stocks and Shares ISA can be a good way to put aside some money each month or invest some extra money. This kind of account is not advised if you don’t have any other savings or are in debt because you won’t be able to access your money easily if you need to and you could make losses.

However, Stocks and Shares ISAs have the potential to provide better returns than any other savings account.

The Rules of Stocks and Shares ISAs:

  • Your annual allowance for a stocks and shares ISA for 2021/2022 is £20,000, but you can only invest with one provider in a single tax year. Investing this amount would use up your full ISA allowance
  • If you’d rather split your allowance between a cash ISA and a stocks and shares ISA, you can choose to split your ISA allowance between cash or stocks and shares as you see fit
  • The gains you make on your investment are not counted as part of your stocks and shares ISA allowance
  • If you sell any shares in your Stocks and Shares ISA, the proceeds can be reinvested within the ISA and will not count towards your annual allowance either
  • Everyone over the age of 16 has an ISA allowance, and if you’re over 18 you can have a stocks and shares ISA
  • All Stocks and Shares ISAs charge some kind of account fee. Make sure you check before you apply
  • You can transfer from a Cash ISA in to a Stocks and Shares ISA and vice versa (usually after selling your investments) Watch out for transfer fees

Investments you can make within the Stocks and Shares ISA wrapper include:

  • Individual shares or bonds
  • Collective investments, which can be made up of a combination of stocks and shares, bonds, or commercial property, or a mixture of these

What is a Bed & ISA?

It's a term which is used often but what does it mean? Simply, many investors with shares and funds want to save tax on these assets too, Bed & ISA is one way to do exactly that.

Bed & ISA is a term which involves selling your non-ISA investments and then using the proceeds to buy them back immediately but with the ISA wrapper. This means you use your annual tax-free allowance and therefore, save tax on your assets.

What to Consider when Choosing a Stocks and Shares Provider?

  • Assess the level of risk you’re willing to take, most providers can filter assets depending on the level of risk you’re willing to take or even provide you with a ready-made portfolio
  • Low risk investing tends to focus on bond funds which pay interest or dividends regularly, whereas higher risk portfolios tend to focus on property investment and the stock market
  • Providers often hold a limited amount of carefully selected options to invest in whereas others have a much larger range of funds. Work out which is right for you
  • Some providers have a simple interface with clear copy about each investment and its past performances. Make sure you find one that you find easy to use, helpful and clear
  • Some providers allow you to hold cash in your account, ready to invest whenever you choose. You can even earn interest on that money so make sure your potential provider offers this if you think you may need this option

5 Shares For Your 2021 ISA – Free Guide

Investment inspiration for this year’s ISA allowance.

It’s looking more and more likely we’re past the worst of the pandemic.

For five shares that could be worth a look in this context, download a FREE factsheet to discover Hargreaves Lansdown’s experts’ latest picks.

They include:

  • One of the world’s largest mining companies
  • A social media giant eyeing digital dominance
  • An intriguing ‘boring’ stock

Request Hargreaves Lansdown FREE guide »

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.

Lifetime ISAs

Save for your first home and retirement

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Junior ISAs

Invest for your child’s future

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Stocks & Shares ISAs

Invest tax-free in stocks and shares 

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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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