If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change. 

ISA virgin... invest for the very first time

Ready-made ISA benefits

Hassle-free

Experts handpick and manage your investments.

No account fees

No dealing fees, initial fund charges or monthly admin fees.

Tax-efficient

No Capital Gains Tax or further Income Tax to pay on profits.

Choose an ISA to suit you

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Type
Risk
Aim
Cautious Low Income Open account
Balanced Medium Balanced Open account
Adventurous Higher Growth Open account

Your investments

Your money will be invested in one of our three funds of funds, depending on your account choice:

They each contain a range of funds from well-known providers, which enables you to benefit from their expertise and spread risk by diversifying across different markets and sectors.

Ready-made ISA costs

Your fund’s annual management charge and ongoing charge (see links above) are taken from the fund itself, so you don’t need to worry about paying them separately. There are no account fees, dealing fees, or initial fund charges to pay.

Other dealing fees

Stamp Duty Levy 0.5% on the purchase of UK shares (excluding AIM and other recognised growth markets). Other rates may apply to non-UK shares.
PTM Levy £1 on transactions over £10,000
Foreign Financial Transaction Tax Tax Payable on the purchase of specific European shares (charge varies by country)

Cash withdrawals

3-5 day transfers Free
Same day transfer £25
Overseas £50 (restrictions apply)
Cheque £25

Optional services

Regular investing 0.5% (min. £1)
Dividend reinvestment 0.5%
Statements & contract notes by post rather than email £2.40 per month

Transfers

Transfer to another provider £25 per account
Re-registration to certificate £25 per certificate

Other

Bounced cheque or unpaid Direct Debit £25
Deceased customer account administration £100
Overdue fee charge - Sell stock (per investment) £7.50 (To recover overdue fees on your account we may need to divest the equivalent value of your investments, plus this additional charge to cover the cost of the trade)

Costs and charges illustration

To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.

Download Black View costs & charges sheet

Payment of account & dealing charges

Your account admin fee (and postal statements & contract notes fee if chosen) will be collected from your account on the 26th of each month, or the next business day. If you’ve chosen our frequent dealing option, the first payment will be collected from your account when opened and quarterly thereafter. Dealing commission, regular investing fees and other fees will be taken from your account as part of each transaction.

What interest will be paid on cash?

Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.