Stocks and Shares include shares, corporate bonds, Gilts and the many fund vehicles that invest in them (e.g. unit trusts, investment trusts, OEIC's).
Investment fund managers (including Banks, Building Societies and Insurance Companies) offer products across a spectrum of risk and potential return. For further information, visit the 'Stocks & Shares' and 'Investment Funds' pages.
You can invest in only one Mini Stocks & Shares ISA in each tax year with a maximum investment of £3,000.
CAT standards for Stocks & Shares ISAs require providers to:
- charge annually no more than 1% of the ISAs value
- set minimum investments of no more than £50 per month or £500 lump sum a year and
- highlight the investment risk in promotional material
Points to Watch: If you invest in a Mini Stocks & Shares ISA you will not be able to invest in a Maxi ISA in the same tax year. If you are considering a Mini Stocks & Shares ISA, you may first wish to consider whether the greater flexibility of a Maxi ISA is more suited to your purpose.
Tax Tips: A Mini Stocks & Shares ISA can be invested in single stocks through stockbrokers in order to shelter gains from tax. Capital losses made on stocks purchased within a Stocks & Shares ISA will not be available to offset against gains on stock purchased directly. Few people use their capital gains tax allowances. If you are unlikely to use yours, it may be better to hold interest yielding assets in your Stocks and Shares ISA (e.g. Gilts or Corporate Bonds), and capital growth products outside of your ISA.
General
Cash ISAs
Insurance ISAs
Stocks and Shares ISAs
Maxi ISAs
