ISAs Stocks & Shares are an option for your savings which are tax efficient.
Uk Share Trading does not offer a comparison service or review for this type of investing product, but we have provided a very comprehensive list of providers who can help you below, where the information is provided by each brand and not by Uk-share-trading. All of the ISAs listed on the page below give you information and access to a huge range of investments, with many options graded based on the amount of risk involved. There are a variety of options where the funds track the performance of its stock market index which means your investment will fluctuate with rises and falls based on the the index values. Whichever option you choose, the manger decides the underlying investment decisions regarding the company shares, with no need for you to be involved.
Any investment taken in the stock market, whether it be managed on your behalf or by yourself, are a long-term investment proposition. Specialists recommend investing over a minimum of five years. If you feel you don't wish your money to be tied up for more than 5 years, or the risk that you could receive less money back than what you invest, then a safer savings account could be more appropriate, but todays interest rates are not currently very attractive, made even worst with the impact of Covid-19.
You must understand the risks involved.
Your investment value including your derived income can go down as well as up and you could end up with less money than you originally invested. There are many tax advantages in ISAs, however these can change at anytime in the future, which you will need to keep an eye on.
Stocks & Shares ISAs : Ordered A – Z
AJ BELL YOUINVEST
Stocks & Shares ISA
Minimum Investment: £500 initial lump sum. £25 per month for regular investors
Transfer in existing ISAs: Yes, both Cash ISAs and Stocks & Shares ISA can be transferred at no charge
Charges/Fees/Costs: Deal from £1.50 online and never pay more than £9.95 per online deal. The charge on shares is 0.25% (maximum £7.50 a quarter) and the charge on funds is 0.25%.
Account Management: Online & phone
Customer Service Provisions: Which? Recommended Investment Platform 2019. Regular ideas to help you choose where to invest are posted on the AJ Bell You invest website. Guidance on a non-personal advice basis is provided through a list of ‘favourite funds’ and 6 ‘AJ Bell Passive Funds’ managed by their team of investment experts. UK based helpdesk and online chat support.
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
Minimum Investment: Any lump sum
Transfer in existing ISAs: Yes, and Barclays Smart Investor will rebate transfer fees incurred up to a maximum of £500. Terms and conditions apply. There are risks associated with transferring in existing ISAs – please see Barclays Smart Investor's site for further details.
Charges/Fees/Costs: You’ll pay a single monthly customer fee, plus a transaction fee whenever you buy or sell investments. Investments can fall in value. Barclays Smart Investor doesn't offer advice. If unsure, seek independent advice.
Account Management: Phone and 24/7 online account access across desktop, mobile and tablet.
Customer Service Provisions: UK-based customer service team on hand to answer your questions by phone, email and instant chat. Access helpful tools and resources to support your investment decisions.
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
BMOStocks & Shares ISA
Minimum Investment: £50 per month for regular investors or £500 initial lump sum
Transfer in existing ISAs: Yes, both Cash ISAs and Stocks & Shares ISAs
Charges/Fees/Costs: Annual charge – £60
Dealing charge – 0.2% on sales and purchases
Account Management: 24/7 online account access, phone, email or post
Customer Service Provisions: Award-winning UK-based customer service team on hand to answer your questions by phone, post, email or online chat
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
FIDELITYInvestment ISA
Minimum Investment: £50 a month, or a £1,000 lump sum
Transfer in existing ISAs: Yes – Stocks & Shares ISAs and Cash ISAs. Exit fees charged by former provider/s covered up to a maximum of £500 per customer (min transfer value of £1,000. Terms and conditions apply, see provider site for more details).
Charges/Fees/Costs: A typical service fee of 0.35%. Ongoing fund charges also apply.
Account Management: 24/7 online account access
Customer Service Provision: UK and Ireland based customer support team on hand to answer your questions
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
INTERACTIVE INVESTORStocks & Shares ISA
Minimum Investment: Any lump sum or from £25 per month.
Transfer in existing ISAs: Yes. There are no fees to set up an account with us, transfer to us, or to transfer out should you choose to leave.
Charges/Fees/Costs: Pay £7.99 per trade standard rate and a £9.99 monthly fee based on the Investor Service Plan. Take advantage of commission free regular investing, plus at least one free trade a month where you’ll receive a free credit of £7.99 to be used against any trade. The flat monthly fee means you’ll know exactly how much you'll be paying, so you can get more for your money.
Account Management: 24/7 online account access across desktop, mobile, tablet & mobile trading app.
Customer Service Provision: UK-based customer service team on hand to answer your questions by phone and secure messaging. We generate daily intelligence fresh everyday, so you can be ahead of the game.
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
LEGAL & GENERALStocks And Shares ISA
Minimum Investment: £100 lump sum or £20 per month direct debit
Transfer in existing ISAs: Yes, the balance of a stocks and shares ISA or cash ISA can be transferred to us at no charge.
Charges/Fees/Costs: All in, on-going charges for L&G's funds start from 0.48%. No further admin, transaction or exit fees levied
Account Management: Online and telephone-based
Customer Service Provision: Award-winning UK-based customer service team on hand to answer your questions. You can email or phone the call centre.
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
SCOTTISH FRIENDLYMy Style Select(ISA)
Minimum Investment: Monthly and Lump Sum – £10 a month and £100 lump sum
Transfer in existing ISAs: Yes, transfers go into the My Choice (ISA)
Charges/Fees/Costs: 1.5% Annual Management Charge, £50 early exit fee if you withdraw within the first 5 years
Account Management: Manage your account online via our My Plans tool, or by phone, email and post
Customer Service Provision: Online via our My Plans tool, or by phone, email and post
Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. ISA and tax rules apply.
Futher ISA information
Annual ISA allowance
For year 2019 – 2020 tax year the limit of investment is £20,000 into an ISA. This limit can be an accumulation of investments in stocks, shares and cash or a combination of all three.
Total Range of assets
Stocks and shares ISAs offer a bigger potential for investment returns over a plain cash deposit, with a vast amount of assets, shares bonds and commodities to invest in, however they are a riskier proposition than a straight cash plan. The world is a volatile place, as seen clearly with the effects of Covid-19 and stock markets can crash for a number of reasons which are beyond our control.
Self selected ISAs
Many people decide on an ISA run by a manager with extensive experience, with some rather taking control over their own investment with a self-select ISA. These are only really suitable for persons with investing experience who are aware of the risks involved. Please do your reading up before deciding to go it alone!
The Tax shelter
Of course the huge perk of a stocks and shares ISA is, the shelter from capital gains tax (CGT). Normally you pay CGT on profits surplus of £12,000 per year when you sell your investment, however assets in ISAs are exempt from CG.
Dividend tax
Currently the annual tax-free dividend allowance for taxpayers is now just £2,000 with dividend income higher than this allowance taxed at new, higher rates.
Meaning when your dividend income goes above £2,000, the tax you’ll pay will depend on which income tax band you’re currently in. You need to add the dividend income to your normal taxable income to work out what your tax band is. From this you will need to inform the HMRC so they can adjust your tax code accordingly. Finally if your dividend is higher than £10,000 you will need to file your own Self-Assessment tax return in each year.
Watch out for ISA charges
Be on the lookout for hidden charges when investing in stocks and shares ISAs. There are funds available that levy an initial fee of up to 5 percent, with an additional annual management charge of a further 1%, this is something to keep aware of, as it could wipe out your profits.
Compensation scheme
The Financial Services Compensation Scheme covers ISA investments up to £50,000 if the worst happens and your ISA manager goes bust. But be aware, the FSCS does not compensate for just poor performance. Cash ISAs are currently protected up to £85,000 by the FSCS.
We hope this read has been helpful, please take a look at our other informative articles, your feedback is always welcome.