Stocks & Shares ISA
Who can apply?
If you are 18 or over you can apply for a Stocks & Shares ISA. You must hold it in your own name and you can only pay in to one Stocks & Shares ISA each tax year.
INVESTING
Stocks & Shares ISA
Our award-winning Stocks & Shares ISA gives you a wide range of investment choices.
What is an ISA?
An ISA (or Individual Savings Account) is a popular, tax advantaged way of saving.
Whether you’re aiming for something specific – like a special holiday or a deposit for a property – or just interested in putting something away for your future, an ISA is the foundation for many savers.
Four different types of ISA
There are four types of ISA. Cash ISA, Innovative Finance ISA, Lifetime ISA and Stocks & Shares ISA. Our ISA is the Stocks & Shares type, which means you invest your money hoping to benefit from investment growth over the longer term.
There are agreed limits set by the Government regarding how much you can invest into your ISA(s). For the 2018/19 tax year, the limit is €20,000 in total which can be invested into your ISA(s), which can be split between a Stocks & Shares ISA, a Cash ISA, an Innovative Finance ISA and a Lifetime ISA (if you are eligible). You can only put money into one Stocks & Shares ISA, one Innovative Finance ISA, one Cash ISA and one Lifetime ISA in a tax year.
All the tax advantages and flexibility you would expect
Tax advantages
- No Income tax on your ISA income
- No tax on capital gains in your ISA
- Hassle free. No need to tell HMRC about income and capital gains from your ISA on your tax return.
Higher rate taxpayer?
If your marginal rate of tax is 40-45%, there is no income tax to pay on income from your ISA, therefore the tax savings for you can be significant.