Important information - investment value can go up or down and you could get back less than you invest. If you're in any doubt about the suitability of a stocks & shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of the product you should contact HMRC or seek independent tax advice.
What is a Stocks and Shares ISA?
A Stocks and Shares ISA, also known as a Self-Select ISA or Investment ISA, is a tax-free savings account that lets you choose where and how your money is invested. You can invest up to £20,000 a year, in one ISA or several different ISAs.
Be better off with an ii ISA.
- Our fair, flat fees don’t grow with your investments, so more of your money stays invested.
- No matter how long you plan to hold your ISA, you could be better off with ii.
- We give you a free trade every month, and there are no trading fees with our regular investing service.
- Benefit from the widest choice of investments, plus expert analysis to help you choose.
- If you're an existing customer, you can add an ISA to your account at no extra cost.
Analysis shows you could be better off by £32k over 30 years of investing in an ii ISA due to our low flat fees. This is just for illustration if all other factors were the same. The advantage of lower flat fees over time means that you could be significantly better off in the long run. By how much will always depend on your personal circumstances. More about our analysis
Why invest in a Stocks and Shares ISA?
A Stocks and Shares ISA is a great way of investing money and protecting any profits or interest from tax.
A Stocks ISA could also give you a greater return compared with a Cash ISA or a regular savings account, although this is not guaranteed.
You could also lose money if the value of your investments falls, so it is very important to manage your risk and seek financial advice if you are not sure.
Investors love ISAs because they are simple and flexible. But with interest rates at record lows, a Stocks and Shares ISA provides a better opportunity than cash to grow your money over the long term – although this can’t be guaranteed.
Once stashed inside an ISA, your investments are sheltered from capital gains and dividend taxes, and you can take the money out at any time free of tax too.
Stocks and Shares ISA fees and charges
- Our Stocks and Shares ISA costs £9.99 a month. This covers you for multiple accounts, including a Trading Account.
- We give you 1 free trade per month to buy or sell any investment. Additional trades usually cost £7.99.
- It is free to top up your ISA each month - there are no trading fees with our regular investing service.
- Add a SIPP today and pay no SIPP fee for six months. Then just £10 a month extra.
- There are some activity-based charges for things like Stamp Duty and foreign currency exchange. View our charges page for a full list.
Six low-cost funds selected by our experts. A simple way to help get you started.
ii Super 60
A range of quality options for your portfolio, selected by our impartial experts.
ii ACE 40
The UK's first rated list of ethical investments to help you align investments with your personal values.
An award-winning Stocks and Shares ISA
interactive investor was named Best Stocks & Shares ISA Provider at the 2020 Shares Awards and Best ISA Provider at the 2019 City of London Wealth Management Awards.
With our Stocks and Shares ISA you are in control – with access to over 40,000 UK and international investment options.
How long does it take to open a Shares ISA?
Opening a Stocks and Shares ISA with ii only takes a few minutes. You will need to have your address, debit card details and National Insurance number ready.
How much do I need to invest in a Shares ISA?
There is no minimum amount needed to invest in a Stocks and Shares ISA. The maximum you can invest tax-free in any given tax year is £20,000.
Can I withdraw my money from an ISA if I need to?
Yes, you can withdraw your money from an ISA at any time. However, it will lose its tax-efficient status, meaning you cannot replace that amount in the same tax year.
To withdraw money, simply log into your account and select cash & transfers from the menu. There you will find ‘withdraw/transfer cash’ followed by on-screen instructions.
Can I transfer a Child Trust Fund to a Stocks and shares ISA?
New to interactive investor?
It takes less than 10 minutes to get started. You will just need your address, debit card details and national insurance number to hand.
Already an ii customer?
Simply log in to apply. Your new Stocks and Shares ISA will automatically be added to your existing plan so you will continue to make the same monthly payment.