logo-rebrandphone Skip to main content

Compare Investment ISAs

An investment ISA (also known as a stocks and shares ISA) allows you to buy, hold and sell investments. With an investment ISA, all capital gains and income made from your investments won’t be taxed, as long as you remain within your tax year allowance.

Investment ISAs put your capital at risk, and you may get back less than you originally invested.

9 results found, sorted by affiliated products. Commission earned affects the table's sort order.
Sort


Investment type

Wesleyan With Profits Stocks and Shares ISA

Minimum investment
£1,000lump sum or£50a month
You can invest in
1fund
Investment type
Investment fund
View deal
Wesleyan has been looking after the financial interests of members since 1841 and the With Profits fund is managed by its award-winning investment team. Review your investment online and get service from the UK-based customer support team.
Capital at risk.

True Potential Investor Stocks and Shares ISA

Minimum investment
Any lump sum or£1a month
You can invest in
5funds
Investment type
Self select
True Potential Portfolios use advanced diversification to blend together tried and tested multi-asset strategies from world-renowned fund managers. Capital at risk.

Scottish Friendly My Choice (ISA)

Minimum investment
£100lump sum or£10a month
You can invest in
10funds
Investment type
Investment fund
Manage your ISA online with flexibility; increase, decrease, pause & restart payments. Invest from £10 p/m & get a gift worth up to £45. With over 150 years of experience & a UK based team, Scottish Friendly welcome all investors.
Capital at risk. ISA & Gift rules apply.
Award-winning ISA (Best Investment ISA -The Personal Finance Awards 2020)

Hargreaves Lansdown Stocks and Shares ISA

Minimum investment
£100lump sum or£25a month
You can invest in
Over3,000funds
Investment type
Self select
Kickstart your investing with an award-winning ISA. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone.
Capital at risk.

Interactive Investor Stocks & Shares ISA

Minimum investment
Any lump sum or£25a month
You can invest in
Over3,000funds
Investment type
Self select
ii charges a low flat monthly fee, so you can make the most of your ISA. Get started today for just £9.99 per month, plus enjoy one free trade a month.
Capital at risk.

Fidelity Stocks & Shares ISA

Minimum investment
£1,000lump sum or£25a month
You can invest in
Over4,000funds
Investment type
Self select
The value of investments and the income from them can go down as well as up so you may get back less than you invest. ISA and tax rules apply. Capital at risk.

Barclays Smart Investor Investment ISA

Minimum investment
Any lump sum or monthly amount
You can invest in
Over2,000funds
Investment type
Self select
Use your ISA Allowance. Invest in over 2,000 funds plus Exchange Traded Funds (ETFs), Investment Trusts, shares and more.
The value of investments can fall and you may get back less than you invest. Tax rules can change, and individual effects vary.

Freetrade Stocks and Shares ISA

Minimum investment
£2lump sum or any monthly amount
You can invest in
Over3,000funds
Investment type
Investment fund
Flat-fee ISA of £3/month with unlimited, zero commission, instant trades. Over 3,000 stocks, ETFs, and investment trusts, covering different sectors and markets worldwide. British Bank Awards winner 2020 for best online trading platform. ISA rules apply.
Capital at risk.

AJ Bell Youinvest Stocks and Shares ISA

Minimum investment
£500lump sum or£25a month
You can invest in
Over2,000funds
Investment type
Self select
Which? Recommended Investment Platform 2019 and 2020. Invest in over 2000 funds, plus shares, ETFs, investment trusts and more.
ISA rules apply. Capital at risk.

What is an investment ISA?

An investment ISA is a tax-free way of investing your savings in the stock market. It's sometimes called a stocks and shares ISA.

Unlike a cash ISA, there's no guarantee your money will earn interest. And you might actually lose money if the stocks you've invested in go down in value. But if the stock market goes up, you can earn much more than the interest from a simple cash ISA. You cannot lose more money than you put in.

Many investment ISAs lost value in 2018 because stock markets were unstable. Now that the markets have stabilised, many investment ISAs are showing significant gains again.

When choosing an investment ISA, look at how your money will be invested. Some investment ISA providers give you almost full control while others decide how to invest your money for you.

How do investment ISAs work?

You can put up to £20,000 per year into an ISA without paying tax on any interest you earn. If you put money into an ISA every year, you could eventually earn a lot of tax-free income every year.

It's good to compare stocks and shares ISAs as stocks and shares ISAs are better for long term savings (or investments) of at least 5 years. When you withdraw money from your investment ISA, you'll only be able to reinvest it if it's within your ISA allowance. So, if you'd already invested the maximum amount (£20,000) and withdrew £2,000, you would not be able to reinvest that £2,000 within the same tax year.

Should I get an investment ISA? The pros and cons

Investment ISAs are not for the faint-hearted as they carry a fair amount of risk.

The main benefit of this kind of ISA over a cash ISA is you could earn more interest. The current average interest on cash ISAs is between 1 and 2%. In previous years, some investment ISAs have gained more than 10% in a year.

The downside is that your investment can go down in value. For example, you put £10,000 in an investment ISA today but it might only be worth £9,000 next year. The year after, it could go back up to £10,500. Then again, it might not.

To get the most out of an investment ISA, you may need to lock away your money for more than a year. If you need to access your savings at short notice, or if you can’t afford to lose your investment, then you should consider stashing your savings somewhere safer.

Who can benefit from an investment ISA?

Anyone with decent savings could benefit from taking the time to compare stocks and shares ISAs. But the people who could potentially save the most money in tax are higher rate taxpayers who would otherwise have to pay income tax or capital gains tax on their investments.

You must be comfortable locking your savings a while and with the potential risk involved, regardless of your tax bracket.

What are tax allowances and thresholds for investment ISAs?

You can deposit a maximum of £20,000 in ISAs every tax year. You can spread this between different types of ISAs, but you cannot open more than one cash ISA per tax year. The interest you earn in an ISA is tax-free.

But thanks to the personal savings allowance (PSA), an ISA is not the only way you can earn interest without paying tax on it.

The PSA allows basic rate taxpayers to earn up to £1,000 and higher rate taxpayers up £500 completely tax-free in a normal bank or savings account.

If you think you'll have to pay captial gains tax on your investments or dividends, an investment ISA could be good for you. The dividend (interest-free) allowance is £2,000.

Learn more about ISAs

For more information, read our in-depth stocks and shares ISA guide.

For something safer, consider putting your savings in a cash ISAs or fixed-rate bond.

When we use the term ‘most popular’ on Uswitch in reference to bank accounts, these accounts are ranked by the number of clicks they have received on the site in the past 48 hours.

The most clicked on accounts are at the top, with the least at the bottom. This reflects how popular they are with visitors to Uswitch.com. Consequently, this is a good table to look at if you’re interested in seeing which bank accounts most people think are worth getting.