Losing interest in your savings?
Get investing in our low-cost Stocks and shares ISA
Stocks and shares ISA
ISAs or Individual savings accounts are an ideal way for most people to invest as they offer generous tax benefits and allow you to access your money when you want. Whatever you are saving for, when you invest in an ISA you pay no further tax on any income earned or any gains when you sell your investments.
You get an ISA allowance each year which runs out on the 5 April - for the 2020/21 tax year your allowance is £20,000. You can invest this as one lump sum or smaller amounts but must remember that once the tax year is over if you have not used all your allowance you will lose it.
Over the years, a Stocks and shares ISA lets you grow a pot of investments safe from the taxman. And as your money isn’t locked away, you can access it just in case there’s a rainy day.
Our ISA isn't flexible, so money you withdraw then pay back in during the same tax year will count towards your ISA allowance. Before opening an ISA, please read our ISA key features, risks and terms and conditions to make sure it’s the right account for you. We don’t offer investment advice, so you’ll need be confident you can manage your ISA yourself. Transferring an ISA to us from elsewhere? We’ll pay up to £500 to cover your exit charges.
Need help choosing your investments?
Then take a look at our investment ideas: easy, expert solutions to the question of where to put your wealth. Whether you’re after some fund suggestions, or want our investment specialists to do the hard work for you, we can help.
Or if you want to choose your investments yourself, there's a huge range available – including shares, funds, exchange traded funds and investments trusts. Find out more by visiting our investment options page.
Do you offer other types of ISAs?
We offer a Lifetime ISA which is aimed at investors who are aged 18 to 39 and looking to save for a first property or for retirement from the age of 60.
If you are looking to save for your child then our Junior ISA could be the ideal account. You can open a Junior ISA online and invest in a wide range of funds and shares. If you already have an AJ Bell account, you can link your family accounts together through our platform for easy management. We do not offer cash ISAs.
Can I transfer a matured Child Trust Fund to a Stocks and shares ISA?
Yes – if you have a matured Child Trust Fund, you can choose to transfer it to a Stocks and shares ISA. Doing this means your money will stay tax-free, and the transfer won't use up any of your remaining ISA allowance. Learn more about transferring a maturing Child Trust Fund.
Choosing the right account
If you are saving for retirement then you may want to consider a Self-invested personal pension (SIPP) or a Lifetime ISA (if you are aged between 18 to 39). You can compare all the accounts we offer including Dealing accounts on our account comparison page which will help you pick the right account for your investment needs.
The current ISA allowance is £20,000 and you can choose to use your total allowance in a Stocks and shares ISA or you can choose to split the allowance with other types of ISAs. However you must not go over your annual limit in total or pay into more than one ISA of the same type in any one tax year.