Always remember that investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you are hoping for.
Compare some of the best Stocks and Shares ISA platforms in the UK below. To make them easy to compare, we have divided the platforms into two categories: self-select ISA (DIY) platforms and robo-advisors.
Self-select ISAs give you the freedom to select the specific investments that make up your portfolio. Depending on the provider you choose, you'll have the option to either select individual shares, bonds, funds, etc., and manage your portfolio yourself or choose from a range of managed and ready-made portfolios.
Compare some of the best self-select ISA platforms below. To make sense of the charges, use our full price comparison table.
Capital at risk. ISA rules apply. Other charges apply.
FinecoBank is one of Europe's largest banks, with 20 years of leadership history in brokerage and over 30 million orders processed every year. Its core mission is to make online trading simple by providing direct access to the markets in just one click. With Fineco, you can access 26 global markets and trade over 20,000 financial instruments worldwide on a single account, including UK and overseas shares, ETFs, funds, bonds, and CFDs. Users can also invest and trade directly in GBP, EUR, USD, Swiss Franc and 20+ currencies. FinecoBank's products include a Trading Account and Stocks and Shares ISA.
Promo: Apply with the link below by the 31st of December 2022, and trade commission-free up to a maximum commission amount of £500. Terms apply.
Please note: When you invest, your capital is at risk. 71.97% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.
InvestEngine is a UK low-cost investment platform providing a choice of managed portfolios tailored to you and commission-free DIY investing to help you build long-term wealth. Users can invest in over 500 exchange-traded funds (ETFs) from iShares, Vanguard and other leading brands. With InvestEngine, you can invest in two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can select from one of the Managed Portfolios on offer where the team of experts at InvestEngine will take care of the day-to-day investment decisions for you. These portfolios attract a platform fee of 0.25% per year. Advanced or more confident investors can choose from 500+ commission-free ETFs and build their portfolios themselves. With the DIY Portfolio, there are no platform fees. All InvestEngine portfolios are free of setup fees, dealing fees, ISA fees or withdrawal fees. InvestEngine allows you to invest via a Stocks and Shares ISA, Personal Account or Business Account.
Promo: £25 welcome bonus for new customers who invest at least £100. Terms apply.
Capital at risk.
Interactive Investor, recently acquired by wealth management giant abrdn, is the second-largest investment platform in the UK. Interactive Investor is well known for its fixed charges (as opposed to percentage-based fees like most other investment platforms), and it has been providing investment services and financial information since 1995. If you choose to invest with Interactive Investor, you’ll gain access to over 40,000 investment options, including UK and overseas shares, funds, investment trusts, and ETFs. This is the widest choice of UK and international investments offered by any investment platform in the UK. You will also be able to access 17 global exchanges, including exchanges in North America, Europe and Asia Pacific. These include markets such as the FTSE 100, FTSE 250, FTSE All-Share, NASDAQ, Dow Jones and more. In addition to the exchanges above, Interactive Investor offers Japanese, Indian and Chinese shares in the form of ADRs (American Depositary Receipts).
Interactive Investor gives you a free trade every month, which you can use to buy or sell any investment. After that, trades usually cost £5.99. Interactive Investor also offers a free regular investing service that allows you to invest regularly without paying a trading fee each time. The site also has lots of expert ideas, research and insights, which can be helpful when choosing investments. Interactive Investor’s services include a Trading Account, Stocks and Shares ISA, SIPP and Junior ISA.
Capital at risk.
AJ Bell is one of the UK’s largest online investment platforms, and it is on a mission to make investing as easy as possible for you. The platform offers a wide range of investment options for the DIY investor, including shares, funds, investment trusts and ETFs. Beginner investors or those who prefer to choose a ready-made investment portfolio can get a little, or a lot, of help from AJ Bell’s specialists by selecting one of the investment ideas on offer. There are eight total fund ideas, each built by a specialist team, and you can pick the right one for you depending on your attitude to risk and whether you’re seeking to simply grow your money over time or receive an income whilst still growing your money.
AJ Bell charges an annual platform fee ranging from 0.25% to 0%. Dealing fees for buying and selling investments online are £1.50 for funds and £9.95 for shares (reducing to £4.95 if there were 10 or more online share deals in the previous month). AJ Bell’s services include a Share Dealing Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA, SIPP and Junior SIPP.
Capital at risk.
Kickstart your investing with an award-winning ISA. Hargreaves Lansdown has thousands of investments to choose from, including UK and overseas shares, funds, investment trusts, and ETFs. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Hargreaves Lansdown also offers a Lifetime ISA, Junior ISA, Fund and Share Account, and SIPP. These services are intended for investors happy at making their own decisions.
Capital at risk. Other charges apply.
Bestinvest is a UK investment platform offering about 2,500 funds, UK shares, investment trusts and ETFs. With Bestinvest, you can invest in one of two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can build their investment pot by selecting one of Bestinvest’s ready-made investments. These investments are fully diversified and created and managed by the team at Bestinvest. Once you’ve picked one, you don’t need to do anything else. Advanced or more confident investors can choose from a wide range of funds, shares, ETFs and ITs and build their investment portfolios themselves. Bestinvest also has an investment search tool that makes it easy to browse and filter all of the investments, and you can use their free guides and articles if you need any inspiration. They are quite popular for their Spot the Dog guide which shows a list of poorly performing funds you probably want to avoid. Bestinvest’s products include a Stocks and Shares ISA, General Investment Account and SIPP.
Capital at risk.
Saxo Markets is the UK division of Saxo Bank, a large European bank and investment platform that allows you to invest in 60,000+ financial products from stock markets around the world, including London, New York, Hong Kong, and 50+ other global markets. With Saxo Markets, you can invest your ISA allowance in more than 11,000 global stocks, ETFs and bonds. Beginner investors or those who prefer to choose a ready-made investment portfolio can select from one of the Managed Portfolios on offer, where Saxo experts navigate the markets and manage your investments on your behalf. The average cost of this managed portfolio is 0.95% per year (including fund costs). Advanced or more confident investors can choose from the range of financial products on offer and build their portfolios themselves. Saxo Markets’ suite of products includes a Trading Account, Stocks and Shares ISA and SIPP.
Capital at risk.
Vanguard is a popular low-cost investment platform with over 70 funds. You can only invest in its own funds, and it does not offer share trading. It gives you the flexibility to choose a ready-made portfolio or build your own. Vanguard's products include a SIPP, Stocks and Shares ISA and Junior ISA.
Capital at risk.
To make sense of the charges, use our full price comparison table.
Robo advisors are technology companies that provide automated financial planning with little or no human supervision. Their products include ready-made portfolios, managed investments and financial advice.
Robo advisors are excellent for beginner investors or those who do not want to deal with the hassle of choosing individual stocks, shares and other investments.
Compare some of the best robo advisors in the UK below. To make sense of the charges, use our robo advisor price comparison table.
Capital at risk. ISA rules apply. Other charges may apply.
Moneyfarm is a UK robo advisor that provides you with a personalised investment plan based on your risk preferences. Investors can choose from seven globally diversified risk-rated portfolios, including ethical investments, if you prefer to invest in line with your values. The team at Moneyfarm actively manages your investments, but each investment portfolio is made up of exchange-traded funds (ETFs) and other passive trackers. You also benefit from free and personalised digital financial advice from Moneyfarm's investment consultants, and you can chat, phone, email, or meet your consultant in person. Moneyfarm's products include a Stocks and Shares ISA, General Investment Account, and Personal Pension.
Capital at risk.
Wealthify is a UK robo advisor that allows you to choose from five investment Plans based on your attitude to risk. These investment Plans are named Cautious, Tentative, Confident, Ambitious and Adventurous and allow you to choose a risk level that best suits your needs. If you are conscious about the environment or would simply like to invest in line with your values, Wealthify’s five portfolios are also available as ethical investment plans, so you can stay true to your values while potentially growing your money. With Wealthify, the minimum investment is £1, and you can withdraw your money anytime. There is an annual platform fee of 0.60%, and fund management fees range from 0.16% to 0.70% per year, depending on your chosen investment theme. Once you complete the signup process, you can start investing with a lump sum from £1 which you can top up as frequently as you want.
Wealthify’s suite of products includes a General Investment Account, Stocks and Shares ISA, Junior ISA and SIPP in both Original and Ethical themes.
Capital at risk.
Netwealth is a wealth management platform designed for high-net-worth individuals. Netwealth’s overarching goal is to help you manage your money cost-effectively while generating a secure income over the medium to long term that may help with important financial events, such as school fees, retirement or elderly care. When you join Netweath, the team of wealth managers will help you define your objectives. This process informs what combination of risk levels and account types are best suited for you. The team will also help you put a financial plan in place and check back in with you regularly. With Netwealth, you can choose from seven ready-made globally diversified portfolios, which aim to maximise the return for your chosen risk level. The minimum investment amount to become a client of Netwealth is £50,000. This, however, can be made up of different account types and include cash deposits and transfers from other providers. For example, the minimum portfolio size for an ISA is £5,000 and £1,000 for a JISA. Netwealth’s suite of products includes a Stocks and Shares ISA, Junior Stocks and Shares ISA, General Investment Account and Self-Invested Personal Pension.
Capital at risk.
When you subscribe to Plum Plus or Plum Pro (from £1 a month), you can choose to invest your money in a variety of funds. Plum calculates how much you can afford to set aside and automatically invests that amount for you. You choose your investments based on what matters to you. For example, you could choose to invest in emerging markets, technology, ethical companies, etc. Plum offers a Stocks and Shares ISA, SIPP, and other money management tools.
Capital at risk.
To make sense of the charges, use our robo advisor price comparison table.
A stocks and shares ISA is a UK tax-free savings account which every adult aged 18 and above can use to buy, sell, and hold investments such as shares, bonds, and funds. This tax year, you can invest up to £20,000 in one stocks and shares ISA or split the money between your stocks and shares ISA and other ISAs.
A stocks and shares ISA is also called an investment ISA.
You can open a stocks and shares ISA with investment platforms such as banks, building societies, stockbrokers, fund supermarkets, robo advisors, and other financial institutions.
Once your ISA is open, you will be able to invest up to £20,000 in a wide variety of assets including individual stocks and shares, corporate and government bonds, and funds.
And depending on your investment platform, you'll have the option to either select and manage the individual assets that make up your portfolio (self-select ISA) or choose from a range of ready-made portfolios (robo advisor and managed ISA).
You get a new ISA allowance (£20,000) at the beginning of each tax year. Any unused allowance expires at the end of the tax year, and you cannot carry it forward.
When you are ready to invest, you can choose between making a lump sum investment and/or making regular or ad hoc contributions throughout the tax year.
Here are a few examples of the types of assets that can be held within an ISA:
Investment platforms charge several fees for using their services. The main fees are the annual platform fee, fund management fee, trading fee, and transfer out fee. Depending on your investment provider and how you choose to invest, there might be some other charges.
You can only open one stocks and shares ISA in one tax year, but you can open a new stocks and shares ISA with a different provider each tax year if you want to. The tax year starts on the 6th of April and ends on the 5th of April the following year.
Yes. You can choose to save or invest in one type of ISA or split your ISA allowance across some or all the other types in any tax year.
Example: You could save £8,000 in a cash ISA, £5,000 in a stocks and shares ISA, £3,000 in an innovative finance ISA and £4,000 in a lifetime ISA in one tax year.
No, you do not pay tax on a stocks and shares ISA. Every tax year, you can invest up to the ISA limit (£20,000 in 2021/22) in a stocks and shares ISA completely tax-free. Any profit you make when selling investments in your ISA is free of Capital Gains Tax. Any dividends received on shares within an ISA will also remain tax-free.
You can buy a stocks and shares ISA from investment providers such as banks, building societies, stockbrokers, fund supermarkets, robo advisors, and other financial institutions. Use our best stocks and shares ISA list above to get you started.
Once your ISA is open, you will be able to invest up to £20,000 in a wide variety of assets such as individual stocks and shares, corporate and government bonds, and funds.
When you open a stocks and shares ISA, you can invest up to £20,000 in a variety of assets, including:
Yes, you can buy and sell shares within a stocks and shares ISA or a lifetime ISA. It's worth remembering that when you buy shares within an ISA, it counts towards your £20,000 ISA allowance.
Here are some of the best stocks and shares ISAs in the UK:
Yes, you can have a stocks and shares ISA with one provider and cash ISA with a different provider, for example. You cannot split your stocks and shares ISA between two providers.
Yes. You can withdraw money from a Stocks and Shares ISA at any time by simply selling your investments. There is no minimum length of time you need to hold your stocks and shares ISA for. If you do withdraw money from your ISA and then reinvest it at a later date during a tax year, it will count towards your annual ISA allowance.
There are four types of ISAs which you can put money into each tax year - a cash ISA, a stocks and shares ISA, a lifetime ISA or an innovative finance ISA. Read our guide entitled What Is an ISA? to learn more.
Yes, you can transfer a stocks and shares ISA to a cash ISA. However, if your cash ISA provider is different from your current stocks and shares ISA provider, you'll need to inform your cash ISA provider of the transfer. Do not simply withdraw the money, as doing so will cost you all the tax-free benefits.
The same applies to transferring stocks and shares ISA from one provider to another. If you plan to keep your future tax benefits intact, you have to arrange for a transfer rather than selling and reinvesting.
If you have exhausted your £20,000 ISA allowance for the current tax year, you can invest the rest of your money using a general investment account (GIA). You should be able to open a GIA with most ISA providers. GIAs are not entirely tax-free like ISAs, but they come with some generous tax benefits:
Here are some of the best stocks and shares ISAs for beginners:
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