Stocks and Shares ISA

You might associate the term ‘ISA’ with the cash savings account offered by your bank or building society – it stands for Individual Savings Account, and importantly, any interest gained within an ISA is free from UK income or capital gains tax.

Now, enter Stocks and Shares ISAs. They work similarly to cash ISAs, but instead of earning a fixed interest rate, your money is invested in a chosen portfolio, offering the potential for higher returns. These ISAs are typically recommended for the long haul, as investing in the long-term gives them a greater chance to outperform a standard cash ISA.

ISA Limits

Like with any ISA, there’s a limit on how much money you can put in each year. Still, thanks to the tax benefits, it’s often worth contributing to an ISA if you have the funds to do so before considering other accounts like a General Investment Account. For the 2024/2025 financial year, you can add £20,000 across your Cash, Stocks and Shares, Innovative Finance, or Lifetime ISAs.

Why choose a Stocks and Shares ISA?

• Tax-free: Enjoy the perks of tax exemption on your investments. Each year, you’re granted a personal allowance – for 2024/2025, it’s £20,000 – determining how much you can stash away tax-free.
• Ready-made portfolios: Our independent financial advisers will recommend a portfolio of multi-asset funds that aligns with your attitude to risk and your capacity for loss.
• Flexibility: Need to tweak your investment strategy? No problem. With our ongoing advice service, we can help you to adjust your funds as your goals or circumstances evolve. Plus, money invested in a Stocks and Shares ISA can usually be accessed whenever you need it; your money’s not locked in. Just note, it will usually take around 7-10 working days for your funds to be sold down to allow you to access the required cash.

Ready to make the most of your investments? Let’s get started!