ISA Comparison Table
Stocks & Shares ISAs allow UK investors to invest up to £20,000 in the 2020/2021 tax year. By investing in a Stocks & Shares ISA you don’t pay tax on your investment profits. This means you don’t pay any income tax on dividends or capital gains tax on profits.
Stocks & Shares ISAs put your capital at risk and you may get back less than your original investment. You should seek advice from a professional adviser before making any investment.
Maximum annual 0.45% account charge and other charges apply - see website* for full details. 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 unsure, please seek advice.
The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is no guarantee of future results. Trade in your share dealing account three or more times in the previous month to qualify for IGs best commission rates.
Capital at risk. Please seek independent financial advice before undertaking any investments. *Nutmeg fee varies depending on the portfolio choice and amount you invest. See their pricing page for more information
By making an investment, your capital is at risk. The value of your Moneyfarm investment depends on market fluctuations outside of our control and you may get back less than you invest. Past performance is no indicator of future performance. The tax treatment of a Moneyfarm Stocks and Shares ISA and a Moneyfarm Pension depends on your individual circumstances and may be subject to change in the future. You should seek financial advice if you are unsure about investing.
5 shares for an ISA 2021
Investment inspiration for this year’s ISA allowance. It’s looking more and more likely we’re past the worst of the pandemic.
For five shares that could be worth a look in this context, download your factsheet to discover our experts’ latest picks. They include:
Stocks & Shares ISA Allowance
The Stocks and Shares ISA allowance for 2020/2021 is £20,000. This may be used over one or more ISAs but you must not exceed this £20,000 allowance.
Stocks & Shares ISA Tax Benefits
When you invest in a Stocks and Shares ISA you are exempt from many taxes associated with investing in a general investment account.
Any profits made in a Stocks and Shares ISA are exempt from Capital Gains Tax (CGT), meaning you don’t have to pay tax on gains above £12,300 as you would with a general investment account.
Returns earned in the form of income are also exempt from normal taxation. Any income you receive in a Stocks and Shares ISA are exempt from income tax which includes dividends from any shares held.
Stocks and Shares ISA Deadlines
The deadline for making contributions towards your annual allowance is the end of the tax year on 5th April. If you do not use your ISA allowance by this date you lose it.
What can you hold in a Stocks and Shares ISA?
By choosing to invest in a Stock and Shares ISA it Greta improves the range of assets you can choose to place your investments in when compared Cash ISA, which limits you to cash and the interest offered by the Cash ISA provider.
Investing in a Stocks and Shares ISA means your are able to invest in a wide range of Shares, Funds and Investment Trust.
In recent years there has been changes to ISA rules so you can now invest in AIM listed shares which are typically considered to be higher risk than those included in the Main Market and Standard List of the London Stock Exchange.
Risks
Those investing in a Stocks and Shares ISA should be aware of the higher risk of doing so when compared to a Cash ISA. While Cash ISAs current provide very low interest you are not at risk of getting less than you put in as you are with Stocks and Shares ISA. Investing in a Stocks and Shares ISA puts your capital at risk and you may get less than you put in.
Disclaimer: UK Investor Magazine is indépendant of services included in this comparison. The table is provided for our readers general information and is not an invitation to engage in any form of investment activity. We may receive compensation for including companies in the comparison tables. Please consult with a regulated professional before making any form of investment. Please remember that all investment involves risk of losing your capital and some types of investment carry higher risks that are not suitable for all investors.