Compare Stocks and Shares ISAs

Updated: 28th July 2021

Here, we’ve gathered together some of our top-rated providers of Stocks and Shares ISAs for buying individual stocks. It’s worth noting that Stocks and Shares ISAs are also available in many robo-adviser products, some of which we have included in our list of investment solutions. Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances. Historically, investing in shares has led to higher long-term returns for investors — although past performance is not a reliable indicator of future returns. The opportunity to invest in shares can be even more favourable when paired with the tax advantages of a stocks and shares ISA account. Remember, unlike cash, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you’re unsure about the suitability of an investment for your own circumstances, please seek independent financial advice first.

In the 2020/2021 tax year, you can save up to £20,000 in an Individual Savings Account. That amount can be shared across other types of ISAs, but having at least a portion in an investment ISA has the potential to help grow your money over time. Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances.

On this page, you’ll find a list of our top rated stocks and shares ISAs, based on our experts’ extensive ongoing research of the market. You can also find more information about our ratings, how stocks and shares ISAs work and how to compare offers for yourself.

Hero Tips: Must knows when using a stocks and shares ISA

  1. The annual ISA allowance is £20,000

    For the 2021/2022 tax year, it's possible to put up to £20,000 into an individual savings account. This can be in a single type of ISA (like a stocks and shares ISA) or it can be across multiple types of ISAs. But the total can't exceed £20,000.

  2. Stocks and shares ISAs can provide higher returns, but can also be riskier

    Since stocks and shares ISAs allow investing in the stock market, there is the potential to earn a higher return on your money than you would with another type of ISA, like a cash ISA. However, it's possible to lose all your money with share investments. So it's important to consider your own circumstances and whether the higher risk / higher return potential from an investment ISA is the right fit.

  3. Tax matters can get complicated

    ISAs can be a great way to save on your tax bill. Taxes can get complicated at times though, so when in doubt, check with your tax advisor on whether and how an ISA will benefit you. Remember, tax rules can change, and the value of any benefits depends on your personal circumstances.

Here are MyWalletHero's picks for some of the top-rated stocks and shares ISAs currently available

Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here.  Offers from affiliate partners are marked with a *.

Great for: both technical traders and those who are investing smaller amounts

5 stars question mark
Fineco Bank Logo
Apply Now!

On Fineco's Secure Website

Fineco’s Stocks & Shares ISA is one of the cheaper brokerages we’ve reviewed. And still, its research tools seem far superior to many of its low-cost peers! There’s also 0% platform fee until the end of the 2021/22 tax year if you open your ISA by 30 June 2021 (with a maximum 0.25% platform fee when the promotion ends).

Read full review >

WHAT YOU NEED TO KNOW

  • No minimum deposit needed to launch your account.
  • Regular platform fee is 0.25% of your account balance per year, but capped at £2.95 per month†.
  • 0% platform fee until the end of the 2021/22 tax year if you open your ISA by 30 June 2021.
  • You need a Fineco bank account to make quick cash deposits.
  • Research tools geared towards technical traders using price chart analysis.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Simple, extremely competitive platform fee 
  • No hidden charges
  • Platform demo available with a personal trading coach
  • Platform Fee

    £2.95†

  • Share Dealing Charge

    £2.95

WHAT YOU NEED TO KNOW

  • No minimum deposit needed to launch your account.
  • Regular platform fee is 0.25% of your account balance per year, but capped at £2.95 per month†.
  • 0% platform fee until the end of the 2021/22 tax year if you open your ISA by 30 June 2021.
  • You need a Fineco bank account to make quick cash deposits.
  • Research tools geared towards technical traders using price chart analysis.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: active investors who want a lot of choice

5 stars question mark
IG Logo
Visit Site

Go to IG's Secure Website

The IG Stocks & Shares ISA not only offers a huge choice of investments, but also two solid ‘account type’ options. You can opt for IG’s successful Share Dealing account, which offers active investors cheap commissions and a large variety of investments. Alternatively, if you like a more managed approach, then you can go with IG’s Smart Portfolio ISA, where your investments are fully managed based on your chosen risk profile. Plus, if you just can’t choose between the two, there is also the option to split your ISA allowance between the two account types.

Read full review >

WHAT YOU NEED TO KNOW

  • Low commissions on US and UK shares for active traders (if you make three or more trades per month, the commission drops to £3 for UK shares/£0 for US shares the following month)
  • No account opening, exit or transfer fees
  • Management fee for Smart Portfolio ISA of 0.5%
  • No custody fee if you make three or more trades in a quarter
  • **The platform fee is free on the Share Dealing ISA if you make 3+ traders per quarter, otherwise it's £24 per quarter. Commissions paid are deducted from the fee.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • The ability to split ISA allowance between two account types
  • Huge choice of investment options
  • Access to resources and learning materials
  • PLATFORM FEE:

    £8**
  • Share dealing charge:

    £8.00

WHAT YOU NEED TO KNOW

  • Low commissions on US and UK shares for active traders (if you make three or more trades per month, the commission drops to £3 for UK shares/£0 for US shares the following month)
  • No account opening, exit or transfer fees
  • Management fee for Smart Portfolio ISA of 0.5%
  • No custody fee if you make three or more trades in a quarter
  • **The platform fee is free on the Share Dealing ISA if you make 3+ traders per quarter, otherwise it's £24 per quarter. Commissions paid are deducted from the fee.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: beginners or experts looking to invest and minimise tax

5 stars question mark
interactive investor logo
Apply Now!

On Interactive Investor's Secure Website

Interactive Investor is a market-leading investing platform, and their Stocks and Shares ISA is top-notch. With unparalleled investment options, this seems great for beginners and more experienced investors. The free trade makes it good value for people investing on a monthly basis, and there are additional plans to suit more active investors.

Read full review >

WHAT YOU NEED TO KNOW

  • Invest up to £20,000 free from tax on gains
  • Flat fee gives you access to stocks and shares ISA, junior ISA, and trading account
  • Different plans available for more frequent traders
  • SIPP can be added for £10 per month
  • ** Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Excellent choice of investment options and resources
  • One free trade every month worth £7.99
  • No minimum opening amount and no exit or transfer fees
  • ** Reflects the ‘Investor’ monthly pricing plan. Fees for other plans differ. See our full review for more information.
  • PLATFORM FEE:

    £9.99**
  • Share dealing charge:

    £7.99**

WHAT YOU NEED TO KNOW

  • Invest up to £20,000 free from tax on gains
  • Flat fee gives you access to stocks and shares ISA, junior ISA, and trading account
  • Different plans available for more frequent traders
  • SIPP can be added for £10 per month
  • ** Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: investors making lots of trades or those who prefer funds

4.5 stars question mark
Hargreaves Lansdown Logo
Apply Now!

On Hargreaves Lansdown's Secure Website

As the UK’s largest investment platform, Hargreaves Lansdown are experienced at what they do. For years they’ve been a prominent and reliable choice for people looking to invest. The stocks and shares ISA from Hargreaves Lansdown is well rounded and will suit many long-term investors, especially those who prefer funds in my opinion.

Read full review >

WHAT YOU NEED TO KNOW

  • Share dealing charge gets cheaper with more trades
  • Ready-made portfolios available
  • Open an account with just £100 or £25 per month
  • †0.45% on first £250,000 of funds (lower thereafter), 0.45% on shares capped at £3.75 per month

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • No charge for buying or selling funds
  • Excellent mobile app for share dealing
  • 12 month account satisfaction guarantee or refund of account charges (terms apply)
  • PLATFORM FEE

    Up to 0.45%†

  • SHARE DEALING CHARGE

    £11.95

WHAT YOU NEED TO KNOW

  • Share dealing charge gets cheaper with more trades
  • Ready-made portfolios available
  • Open an account with just £100 or £25 per month
  • †0.45% on first £250,000 of funds (lower thereafter), 0.45% on shares capped at £3.75 per month

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: investors that want assistance when choosing stocks and funds

4 stars question mark
Barclays Logo
Apply Now!

On Barclays's Secure Website

* Affiliate partner

Investors can choose from thousands of different investments in Barclays’ investment ISA, including funds, UK shares and bonds. Smart Investor itself is an online direct investing service that allows account holders to research potential investments.

Read full review >

WHAT YOU NEED TO KNOW

  • There is no charge for setting up the account, for account inactivity or for cash withdrawals.
  • A cost calculator is available to help you to work out potential fees before committing to opening an account.
  • The platform fee is £4 per month minimum, or the sum of 0.2% p.a of funds plus 0.1% p.a of other investments in the account, whichever is greater based on the value of your investment. This fee is capped at £125 per month.
  • Dealing charge is £3 per online transaction for funds and £6 per online transaction for all other investments. All automated regular investments are £1 per transaction. All telephone transactions are £25 each.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Choose from thousands of investments
  • Five Ready-made Investment funds available
  • Barclays' Funds List can help narrow down fund choice
  • Platform Fee

    From £4

  • Share Dealing Charge

    From £3

WHAT YOU NEED TO KNOW

  • There is no charge for setting up the account, for account inactivity or for cash withdrawals.
  • A cost calculator is available to help you to work out potential fees before committing to opening an account.
  • The platform fee is £4 per month minimum, or the sum of 0.2% p.a of funds plus 0.1% p.a of other investments in the account, whichever is greater based on the value of your investment. This fee is capped at £125 per month.
  • Dealing charge is £3 per online transaction for funds and £6 per online transaction for all other investments. All automated regular investments are £1 per transaction. All telephone transactions are £25 each.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: experienced investors interested in leading global exchanges

4 stars question mark
Saxo Markets logo
Apply Now!

On Saxo's Secure Website

Saxo’s Stocks & Shares ISA has many of the elements an experienced and confident investor might want and need. It has a substantial range of eligible stocks, ETFs and investment trusts across leading global exchanges.

For investors who know what type of investments they want, they are likely to find it here with Saxo. Added to that, its pricing looks competitive and its risk management features help provide a safety net for even the most capable of investors.

Read full review >

WHAT YOU NEED TO KNOW

  • † £25 platform fee per quarter if your account is inactive and continues to hold funds. No platform fee if you are paying a custody fee of 0.12% p.a. (0.08% for VIP pricing).
  • ‡ £8 share dealing commission for UK exchanges.
  • 11,000 eligible stocks, ETFs, investment trusts and bonds across global exchanges
  • Digital support as standard

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Like any stocks and shares ISA, invest up to £20,000 in a tax-free account
  • Risk management tools
  • No platform fee if you pay a custody fee
  • PLATFORM FEE:

    †£25
  • Share dealing charge:

    ‡£8

WHAT YOU NEED TO KNOW

  • † £25 platform fee per quarter if your account is inactive and continues to hold funds. No platform fee if you are paying a custody fee of 0.12% p.a. (0.08% for VIP pricing).
  • ‡ £8 share dealing commission for UK exchanges.
  • 11,000 eligible stocks, ETFs, investment trusts and bonds across global exchanges
  • Digital support as standard

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for: straightforward investors who prefer funds

4.5 stars question mark

If you mostly invest in funds or make a small number of trades, I believe you’ll find Charles Stanley Direct’s Stocks and Shares ISA particularly appealing.

Additionally, offering ready-made multi-asset funds is really helpful for beginner investors. 

Read full review >

WHAT YOU NEED TO KNOW

  • Flat £11.50 commission for stocks and shares trading
  • Invest from just £50 per month or £500 lump sum
  • Flexible ISA so you can withdraw money simply
  • Easily invest and manage your portfolio using the app
  • **Based on assumed account holdings of £10,000 for comparability. Platform fee is 0.35% of your holdings capped at £20 per month maximum

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

what we like

  • No charges for buying or selling funds
  • No platform fees if you make one or more paid trades per month
  • Ready-made multi-asset funds with low fees
  • PLATFORM FEE:

    £20**
  • Share dealing charge:

    £11.50

WHAT YOU NEED TO KNOW

  • Flat £11.50 commission for stocks and shares trading
  • Invest from just £50 per month or £500 lump sum
  • Flexible ISA so you can withdraw money simply
  • Easily invest and manage your portfolio using the app
  • **Based on assumed account holdings of £10,000 for comparability. Platform fee is 0.35% of your holdings capped at £20 per month maximum

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

Great for: regular tax-free investing in funds and shares

4.5 stars question mark

By conducting trading during its Countdown Commission offer periods, I’m able to keep costs very low. What’s more, the recent introduction of a £36 annual customer administration fee that covers all Halifax investing accounts I hold means an even cheaper experience than I had before.

Read full review >

WHAT YOU NEED TO KNOW

  • Competitive £9.50 dealing fee relates to online transactions only; Halifax charges a £25 commission for share-dealing over the phone
  • Only £2 per trade using the scheduled investment service
  • Invest up to £20,000 in a tax-free account
  • Comprehensive Share Centre
  • Online Funds Centre
  • Dividend Diary option where you can see companies due to pay dividends each month
  • **No monthly fees to use the platform; £36 customer administration fee (covering any and all accounts held) taken annually.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

what we like

  • No custody charges for fund holdings
  • Competitive reduced dealing commission once a month
  • Flat rate pricing avoids any confusing percentage-based fee
  • PLATFORM FEE:

    £0**
  • Share dealing charge:

    £9.50

WHAT YOU NEED TO KNOW

  • Competitive £9.50 dealing fee relates to online transactions only; Halifax charges a £25 commission for share-dealing over the phone
  • Only £2 per trade using the scheduled investment service
  • Invest up to £20,000 in a tax-free account
  • Comprehensive Share Centre
  • Online Funds Centre
  • Dividend Diary option where you can see companies due to pay dividends each month
  • **No monthly fees to use the platform; £36 customer administration fee (covering any and all accounts held) taken annually.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

Great for: experienced investors looking for a simple, low -cost ISA

4.5 stars question mark

For investors with a little more experience, the iWeb Stocks and Shares ISA shouldn’t be ignored. Operated by Halifax Share Dealing, this ISA offers a wide range of tax-efficient investment opportunities at a highly competitive price.

Read full review >

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

what we like

  • No annual administration fees
  • Includes a free Share Dealing Account
  • No Capital Gains Tax on any potential profits
  • PLATFORM FEE:

    £0.00*
  • Share dealing charge:

    £5**

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

Great for: novice investors.

4 stars question mark

Fidelity’s Stocks & Shares ISA is ideal for novice investors. Its tools help you find suitable investments based on your own specific preferences. While it’s not your cheapest option, Fidelity’s fund discounts may help you recoup the cost of your account. Small account holders can also reduce the cost by setting up a regular savings plan.

Read full review >

WHAT YOU NEED TO KNOW

  • Easy-to-use search tools help target the right investments for you.
  • Discounts available on over 200 funds.
  • Call Centres based in the UK and Ireland.
  • *Platform fee 0.20-0.35% of your account balance per year
  • **Sharedealing charge £10 online, £30 over the phone.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.

what we like

  • Easy-to-use search tools help target the right investments for you.
  • Discounts available on over 200 funds.
  • Call Centres based in the UK and Ireland.
  • PLATFORM FEE:

    £45*
  • Share dealing charge:

    £10**

WHAT YOU NEED TO KNOW

  • Easy-to-use search tools help target the right investments for you.
  • Discounts available on over 200 funds.
  • Call Centres based in the UK and Ireland.
  • *Platform fee 0.20-0.35% of your account balance per year
  • **Sharedealing charge £10 online, £30 over the phone.

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks.

Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

MyWalletHero believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Read more here.



Frequently Asked Questions

How do stocks & shares ISAs work?

Simply put, S&S ISAs are a form of savings accounts that differ from the perhaps more traditional Cash ISA, as instead of - well - cash, these allow you to use your ISA allowance to buy shares in listed companies each tax year, including any profits earned from the equities!

There are two different routes into investing in a Stocks & Shares ISA: you can either pick the investments yourself, or you can choose to invest through a professional advisor (note: the latter would incur an additional annual management fee).

What are the benefits of a stocks and shares ISA?

S&S ISAs are ‘tax wrappers’ for up to £20k of investments over a 12-month period - this essentially means that you won’t have to pay tax on the money you’ve invested in shares, or the returns you (hopefully) make! And that’s the real benefit: while Cash ISAs typically offer interest rates between 0.5-1%, successful stock-picking has the potential to yield a greater return.

What are the disadvantages of a stocks and shares ISA?

Note the word ‘successful’ above - that’s not always the case when investing in stocks and shares! So yes, you can - and probably will, at some point - lose money on an investment. And if that’s the case more often than not, then holding savings in a Cash ISA would have been more profitable (a low yield is better than no yield, after all!)

How risky are stocks and shares ISA?

The ISA itself arguably isn’t risky; however, the investments an account holder makes can both rise and fall in value. So the risk factor comes from stock-picking - though there are premium services that conduct in-depth research and offer regular recommendations in exchange for a small monthly fee (Motley Fool Share Advisor springs to mind…)

How do I withdraw money from a stocks and shares ISA?

Account holders will have to sell their assets to ‘release’ their value (minus any transaction fee) but then it’s as simple as arranging a bank transfer, which is done on the same platform in just a few clicks.

If you’ve bought income stocks, then you’re able to withdraw the value of any dividends once they’re paid into your account.

How many stocks and shares ISAs can I have?

Each tax year, you can only pay into one S&S ISA. In theory, you could open a new Stocks And Shares ISA the following tax year with a new platform, though having multiple accounts makes it harder to track the value of all your investments (remember, we can only pay into one active investment ISA each tax year).


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