Frequently asked questions
Find out more about our ISA from our frequently asked questions.
Get startedFrequently asked questions
The main difference is that with a Stocks and Shares ISA, your money is invested, while with a Cash ISA, your money is saved as cash. Stocks and Shares ISAs are generally more suited for longer-term savings, while Cash ISAs may be a better option for savings that you may need to dip into regularly or in emergencies.
We try to keep our fees as simple and competitive as possible so you get to keep more of your money.
You’ll pay what’s known as a platform charge, which covers the services we provide to manage your ISA – currently 0.35% or £3.50 a year for every £1,000 invested.
You’ll also pay a fund charge, which will vary depending on what you choose to invest in. This covers the costs of managing your investments, for example buying and selling shares in companies. For our easy investment option, the current fund charge is 0.20% or £2 a year for every £1,000 invested.
Current ISA rules allow you to have more than one Stocks and Shares ISA open in your name. But you’re only able to actively contribute to one in each tax year.
You can transfer a Stocks and Shares ISA to us without losing any of your tax status. It’s also possible to transfer a Cash ISA to a Stocks and Shares ISA with us. However, we can’t currently accept Lifetime or Innovative Finance ISA transfers.
We don’t charge you for transferring an ISA to us, but you should check with the provider you’re transferring from if any charges will apply. You can get more information about transferring other ISAs to us once you’ve opened your account.
Under ISA rules, there’s a limit on how much money can save or invest in ISAs in a single tax year. The ISA allowance is currently £20,000.
Under ISA rules, there’s a limit on how much money can save or invest in ISAs in a single tax year. The ISA allowance is currently £20,000.
Guides and tools
Additional tools and guides to help you get started
ISA rules
There are a few rules around Stocks and Shares ISAs, this guide helps you understand how you can get the most out of your ISA allowance
How much could my ISA be worth?
Our ISA calculator gives you an idea of how much your money could be worth over the next 15 years and help understand how you could meet your savings goals with an ISA.
What is an ISA?
How do ISAs work? What is the ISA allowance for this year? We explain all of this and more in our helpful guide.