ISA Account

In today’s difficult economic climate it is more important than ever to maximize your returns with a tax efficient, stocks and shares ISA. With a ShareDeal Active ISA you choose where and when to make your investments, building a portfolio to meet your needs.

  1. What are the benefits of an ISA account?
  2. What can I invest in?
  3. How Much Can I Subscribe to an ISA account?
  4. How Much Does It Cost?
  5. Can I transfer shares I already own into an ISA account?
  6. How do I apply?
  1. What are the benefits of an ISA account? All profits made within an ISA account are completely free from capital gains tax and there is no further income tax due on dividends paid on shares held within the ISA wrapper.
  2. What can I invest in? You can invest in a wide range of ISA eligible products including UK listed shares, Gilts, Bonds, Exchange Traded Funds, Investment Trusts, shares listed on the IRS (International Retail Service) and CDIs of US stocks. We also offer access to Unit Trusts and OEICs with a typical 2% discount off the fund manager’s normal initial charge. In addition you gain access to 9 international exchanges, details of which can be found on the Overseas Dealing Rates page.
  3. How much can I subscribe to an ISA account? The annual ISA allowance for this tax year is a total of £10,680 of which £5,340 can be paid into a cash ISA account. This means your allowance for a stocks and shares ISA account is £10,680 less anything paid into a cash ISA.
  4. How much does it cost? Deal over the internet or on the telephone for the same low fixed flat rate of £9.50 per trade. There is also an annual management charge of £50 + VAT. A full list of all charges can be found under the account charges section of the website.
  5. Can I transfer shares I already own into an ISA account? Under HMRC rules it is not possible to transfer shares you already hold directly into an ISA. They must be moved using a process known as BED & ISA where the shares are sold, the money moved to the ISA and the shares instantly bought back. With a ShareDeal Active ISA we offer this completely commission free. Please note that when buying the same shares back there will be a small difference in price due to the bid/offer spread, and government stamp duty will apply on the purchase - this means you will not be able to buy back the same number of shares.For more information please contact our dealing team on 01892 510515.
  6. How do I apply? Please browse to Apply Online and you could be trading today.