If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change.
Stocks & Shares ISA
Buy and sell a wide range of investments and shelter them from tax.
Self-select Stocks & Shares ISA benefits
No UK Income Tax or Capital Gains to pay on profits.
Fixed monthly account fee
£5.00 per month and a dealing option to suit you.
Invest up to £20,000 this tax year
Your annual ISA allowance is set by the government. Withdraw money anytime.
Pick your own
Choose from a wide range of investments: shares, funds, investment trusts, bonds, gilts, ETFs and more.
Self-select Stocks & Shares ISA costs
We charge fixed account fees (which don’t grow as your investments do), and offer a choice of dealing options to keep your dealing costs down.
Standard dealing option
I usually deal less than £750 or occasionally
Frequent dealing option
I deal more than £750 frequently or have a lump sum to invest
|Fixed account admin fee||£5 per month||£5 per month|
|Dealing option fee||-||£24 per quarter|
|Dealing commission||£7.50 per deal for trades less than £750, 1% for £750 and above||£7.50 per deal|
|Dealing commission for phone/post/email||£20 per deal for trades less than £2,000, 1% for £2,000 and above||£20 per deal|
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)|
|3-5 day transfers||Free|
|Same day transfer||£25|
|Overseas||£50 (restrictions apply)|
|Regular investing||0.5% (min. £1)|
|Statements & contract notes by post rather than email||£2.40 per month|
|Transfer to another provider||Free|
|Re-registration to certificate||£25 per certificate|
|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.
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.
Thinking about transferring to us?
Some brokers charge % based account fees
With some brokers, the more you invest and the larger your investments grow, the bigger your fees grow too. Here at The Share Centre, we do things differently. Regardless of how much you invest, you will be charged our fixed, monthly fee of £5 for a Self-select Stocks & Shares ISA.
How much you could save by switching to us?
Below is a comparison table displaying the annual account fees, excluding dealing comission.
Your ISA Value
The Share Centre
All prices are correct as of 29.07.19 - based on percentage fees advertised on the respective company websites.
*Fee calculated when only holding funds in your ISA. When only holding shares in a Hargreaves Lansdown ISA their fee is capped at £45 PA.
**based on Nutmeg's unmanaged Fixed allocation portfolios.
Find out more about the Self-Select ISA
Anyone aged 18 or over who is a UK resident or a Crown servant (or spouse/civil partner of one) can open a Self-select Stocks & Shares ISA. It cannot be opened with someone else or on behalf of someone else.
Each tax year, you can spread your ISA allowance across the four different types of ISA (Cash, Stocks & Shares, Innovative Finance ISA and, if you are eligible, Lifetime ISA). But you can only open and subscribe into one of each type per tax year.
In the new tax year, you can then open a new ISA and either leave your old ISAs where they are or transfer them across to your new provider. Transferring between providers doesn’t affect your annual allowance, but do check with the provider if there is a transfer out charge.
You can invest in a variety of investment types, including equities (individual companies), funds, investment trusts, bonds, gilts, ETFs and more.
For more information about the different investment types read our guide to investment types.
You can start investing with as much or as little as you like, up to the current tax year ISA limit of £20,000.
If you wish to set up a Direct Debit, the minimum amount you can send is £25 a month.
If you want to invest in one of The Share Centre’s Multi-Manager funds the minimum amount you can invest at one time is £10.
Because you're investing in the stock market, the value of your investments could go down as well as up. The level of risk in your Self-select Stocks & Shares ISA will depend on the investments you choose or the fund type you have subscribed into.
Stocks and Shares ISAs from The Share Centre are covered under Investments. Find out more on the FSCS website.
With a Self-select Stocks & Shares ISA, your investments will be placed into a tax-efficient ISA wrapper, meaning there is no UK Capital Gains Tax (CGT) or further UK Income Tax to pay, as long as you keep the investments within the ISA.
You don't pay Capital Gains Tax on gains made within an ISA
Not only are any sales or disposals made within your ISA free from UK Capital Gains Tax, but you do not need to declare the account to HMRC on your tax return.
Dividends are free of UK income tax
Ordinarily, if you held shares in a company and received dividends, the first £2,000 per year would be free of UK income tax, but after that you would pay tax. With a Self-select Stocks & Shares ISA, dividend income received from shares is free of UK income tax. Should you invest in non-UK holdings, your income may be subject to tax at source by the country of issue.
You don't pay income tax on interest from corporate bonds
If you invest in corporate bonds within a Self-select Stocks & Shares ISA, you won't have to pay UK income tax on the interest you earn. However, should you invest in non-UK holdings, again your income may be subject to tax at source by the country of issue.
So, income and profit made within a Self-select Stocks & Shares ISA does not need to be included within your CGT, Dividend Allowance or Personal Savings Allowance calculations.
With a Self-select Stocks & Shares ISA you can sell your funds and shares whenever you want, and get the proceeds paid into your bank account. Depending on how quickly you want the money there may be a charge attached.
Why invest with us?
Tips and tools
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As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).
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