Stocks & Shares ISAs

Stocks and shares ISAs are a tax-efficient home for your savings. The ISAs listed below allow you to access a range of investments, with many funds graded according to the level of risk involved. In some cases, the funds ‘track’ the performance of a particular stock market index, such as the FTSE 100, so the value of your investment rises and falls in line with the index. Either way, the underlying investment decisions regarding specific company shares are taken by the manager, with no need for you to be involved.

If you would prefer to be more hands-on and pick your own stocks and shares to house within your tax-efficient ISA wrapper, see our Self-select ISAs page

It’s worth bearing in mind that any investment in the stock market, whether managed on your behalf or otherwise, should be seen as a long-term proposition. Many investment specialists recommend investing over a minimum five-year period. If you can’t tie up your money for five or more years, or if you can’t stomach the risk of getting back less than you invest, then a savings account is probably more appropriate for you.

Understand the Risks. The value of your investment and the income derived from it can go down as well as up and you may get back less than you originally invested. The tax advantages of ISAs may change in the future and also depend on your individual circumstances.


MoneySuperMarket doesn’t offer a comparison service for this type of product but we have compiled a list below of providers who can help

Stocks & Shares Featured Providers

    • Provider/Product name Flexible NISA (Stocks & Shares ISA)


      Flexible NISA (Stocks & Shares ISA)

    • Product Details

      Starting your 2014/15 ISA is now easier – and here’s why.

      • If you’re new to Fidelity and invest by 5th April, it’s free of Fidelity's fees for a year. Of course you will need to pay the fund manager’s charges.
      • Quick and easy account opening and fund selection with Fidelity's online tools.
      • Over 2,000 investment options from more than 100 providers when you buy direct with Fidelity's fund supermarket.

      Don’t miss out on this great offer.

      T&Cs, fund charges and minimum investment amounts apply. Capital at risk. ISA and tax rules apply. Fidelity doesn't give advice.

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    No Service Fee

    No service fee for a year when you invest from £200 a month or a £2,400 lump sum. T&Cs and fund charges apply

    • Provider/Product name Stocks & Shares ISA

      Virgin Money

      Stocks & Shares ISA

    • Product Details
      • Virgin Money’s passively managed range offers a choice of five funds that can be held in a stocks and shares ISA
      • The range of funds offer different levels of risk and potential reward so you can choose the fund(s) that best meet your needs. Generally, the more risk you are prepared to take with your money the greater the potential reward
      • In the current tax year you can invest up to £15,000 in a stocks and  shares ISA 
      • You can pay in lump sums or regular monthly amounts 
      • Invest by transferring in existing ISAs 
      • Stop, start, increase or decrease your payments at any time 
      • UK based Customer support team, on hand to answer your questions 
      • Annual ongoing charge of 1% of the value of your fund – no other charges 
      Remember, the value of your investment can go down as well as up and you may get back less than you invest. This is a medium to long term investment so you should be prepared to invest your money for at least  five years. Tax benefits depend on individual circumstances and may change in the future.
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    Flexible Payments

    Stop, start, increase or decrease your payments at any time

    • Provider/Product name Stocks and Shares ISA


      Stocks and Shares ISA

    • Product Details

      • Nutmeg are more than just a fund. They intelligently build and manage an investment portfolio tailored to your goals, all inside a tax-free ISA wrapper
      • Nutmeg make it easy for you – you tell them your investment goals; they take care of the rest
      • Nutmeg strive for great net returns
      • Nutmeg believe in complete transparency – you can sign in to your secure online account 24/7 to see where your money’s invested and how it’s performing
      • Nutmeg believe in fair cost – you’ll pay just one management fee of between 0.3% and 1% including VAT
      • Nutmeg’s shareholders boast exceptional experience. They include renowned British economist John Kay and seasoned digital investment group Pentech
      • You can set up a new ISA and transfer existing ISAs. Top up and withdraw whenever you want

      *Performance returns are simulated using actual Nutmeg trading data from customer accounts, based on an account size of £25,000, after fees. Past performance is not a reliable indicator of future performance.

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    • Provider/Product name My Smarter (New ISA) Provided by Scottish Friendly

      Sun Life Direct

      My Smarter (New ISA) Provided by Scottish Friendly

    • Product Details

      • Open a My Smarter (New ISA) from £10 a month or with a lump sum of £100 or more
      • Flexible - stop, start, change payments at any time - without penalty
      • Manage your ISA online 24/7
      • A Stocks & Shares ISA, so you could get back less than you paid in
      • Access your money if needed - but to help your money grow over the long term, consider this at least a 5-10 year investment
      • Apply online today

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    • Provider/Product name Stocks and Shares NISA

      True Potential Investor

      Stocks and Shares NISA

    • Product Details

      • One low platform fee of 0.40% for all investments
      • Exclusive rates from leading fund managers – from 0.39% to 1.33%
      • Start saving with just £50, no minimum monthly contribution
      • Top-up your ISA with just £1 online or via mobile with impulseSave®
      • Range of selected funds matched to your personal risk profile
      • Transfer in your existing Cash or Stocks and Shares ISAs
      • 24/7 secure online access to track your investment

      Stocks and Shares ISA investments are for long-term saving, typically at least five years

      Eligibility and tax rules apply. Your capital at risk.  Investments can fluctuate in value and you may not get back the amount you invest. Tax rules can change. Additional charges may apply, see T&Cs.

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    • Provider/Product name My Fund Select (New ISA)

      Scottish Friendly

      My Fund Select (New ISA)

    • Product Details

      • Scottish Friendly don't have shareholders, so profits are used for their customers' benefit
      • You can have a New Investment ISA, even if you have a New Cash ISA
      • Invest up to £15k in a New Investment ISA less any amount you may have in a New Cash ISA this tax year
      • Start now from just £10 a month
      • Manage your money using our online tool, by creating different policies for different investment goals, all within your New ISA
      • You have a choice of 3 risk graded funds; the Lower, Medium and Higher funds
      • Flexibility is built in. You can stop, restart, raise or lower your payments and cash in online
      • The value of your investment can go down as well as up, so you could get back less than you have paid in
      • If you cash in before the end of five years there will be a £50 deduction from your cash-in value

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    A £50 welcome gift card redeemable at over 70 UK retailers such as Amazon, M&S, John Lewis, Next & iTunes!

    • Provider/Product name Stocks & Shares ISA

      Hargreaves Lansdown

      Stocks & Shares ISA

    • Product Details

      • Choose from over 2,500 funds, shares, Exchange Traded Funds (ETFs), corporate bonds, gilts and more
      • Choose from an exclusive range of super low-cost funds
      • No charges when you buy and sell funds, plus a low-cost reinvestment service
      • Buy and sell shares in your ISA from £11.95 per trade online, frequent dealers can pay as little as £5.95 per trade
      • Manage your ISA on the go with the free easy-to-use iPad and smart phone apps
      • Bristol-based help desk with average telephone waiting times of less than 10 seconds
      • Invest from as little as £25 per month
      • Winner of the Best Self Select ISA Provider 2013 by Shares Magazine

      Please remember investments can fall in value as well as rise, so you could get back less than you invest. Tax rules can change, and the tax benefits of an ISA will depend on your circumstances.

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Want your investments to work harder? You can earn a current estimated return of 7.7%* per year with Funding Circle.

Interest rates on traditional savings accounts are deep in the doldrums. But don’t despair – with peer to peer lenders such as Funding Circle, you could earn great return by lending to small businesses in the UK.

It’s a fast-growing market that’s regulated by the Financial Conduct Authority – although it’s outside the Financial Services Compensation Scheme.

So there are risks involved – there’s no guarantee you’ll get your money back.

But if you go in with your eyes open, this could be the savings solution you’ve been looking for…

*The current estimated rate is the average annual gross interest rate accepted on the last 100 loans through the marketplace minus our servicing fee and estimated bad debts in the future. This rate is before any applicable tax. See the full calculation at Rate is updated daily. Rate correct as at 03/11/2014.

    • Provider/Product name Lending

      Funding Circle


    • Expected annualised rate after fees and bad debt 6.30% variable
    • More details

      You lend to… All types of businesses including limited companies, sole traders and partnerships in the UK (Funding Circle grades their credit rating A+ to C-)
      When do I earn interest? Typically, once your money is lent out you receive repayments every month (interest and principal)
      Can I withdraw money before term ends? Yes, you can sell some or all of your loan parts to other investors, for a 0.25% charge on each loan part. There may be some circumstances which prevent loan parts from being sold, for example loans that have had their risk bands ‘downgraded’
      Provision fund? Investors can manage their risk by lending to hundreds of different businesses. You receive all income from the borrower upfront rather than any being allocated into a provision fund for when, and if, a bad debt occurs
      Minimum Investment: From £20 with no maximum

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    Great for
    You can choose each and every individual business you would like to invest in
    If you would like more of a hassle-free solution, you can pre-select the businesses you want to lend to and the rate you're happy to earn and let the Autobid invest for you
    But be aware that
    1% annual fee applies on the money you have lent
    There is no provision fund within the Funding Circle platform and is operated similar to an investment - the lower the risk band, the higher rates apply - but remember these are the riskier business
    Your savings are not protected by the FSCS compensation scheme

    Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders do offer their own compensation packages.  Please first read our peer-to-peer guide below to see if this product is right for you.

Are you an existing Cofunds customer? You can login to your Cofunds account here to access investments you previously made via

Stocks and shares ISAs explained

The typical interest rate on a cash ISA is currently about 1.5% - that’s less than the rate of inflation. So it’s perhaps not surprising that many people are thinking of putting money into a stocks and shares ISA. 

Many investors are also keen to kick-start their stocks and shares ISA at the start of the new tax year on April 6. 

ISA rules changed in July 2014. The annual tax-free allowance went up from £11,880 to £15,000, and there is now greater flexibility on investments and transfers. The new tax year starts on April 6, so the July date is a bit odd. The reason for the delay is to give ISA companies time to adjust. 

Read more

Annual allowance

Any money paid into a stocks and shares ISA between April 6 and July 1 counts towards your annual £15,000 allowance for 2014-15. You will be able to top up your account to the new £15,000 limit if you wish by paying into your existing account, or by switching to a different stocks and shares New ISA. Alternatively, you could open a cash NISA. 

Let’s say you put the full annual allowance of £11,880 into a stocks and shares before July. Now the rules have changed, you can add a further £3,120 (£15,000 - £11,880) to your stocks and shares account. Or you could open a cash NISA and deposit up to £3,120.

If you had instead contributed £1,000 to a cash ISA and £5000 to a stocks and shares ISA in the weeks leading up to July, you can now add to either account, as long as you don’t exceed the overall limit of £15,000. So, you could put an additional £9,000 into your cash NISA, or £4,500 into each account to bring you to the £15,000 limit. It’s entirely up to you how you divide the allowance. 

Range of assets

A stocks and shares ISA offers the potential for higher returns than a cash deposit and you can invest in a broad range of assets including shares, bonds, commercial property and commodities. But stocks and shares ISAs are riskier than cash plans. If the stock market crashes or the property market implodes, you could lose all your money, including your original stake. 

Some ISAs are riskier than others: an investment in emerging markets is likely to be more volatile than government gilts. You should therefore pick a scheme that reflects your appetite for risk. 

And don’t forget that a stocks and shares ISA is a long-term investment of, ideally, at least five years. This period of time should hopefully enable you to ride out the ups and downs of the market.

Self select ISAs

Most people opt for an ISA run by an experienced manager, but others prefer to take control of their investments with a self-select ISA. It’s worth bearing in mind, however, that self-select ISAs are really only suitable for experienced investors with a full awareness of and stomach for the risks involved. 

Tax shelter

The big advantage of a stocks and shares ISA is, of course, the shelter from capital gains tax (CGT). You would normally pay CGT on any profits above £1100 a year when you sell, but assets in an ISA are free from CGT. 

Dividend tax

The tax situation is a little more complicated if the shares in your ISA pays dividends, as 10% tax is automatically deducted from any dividends – ‘at source’, as the saying goes – whether the shares themselves are held inside or outside an ISA. Investors cannot claim back the tax, so there is no dividend tax advantage to holding shares in an ISA if you are a basic rate taxpayer. 

However, higher and top-rate payers do not have to pay any additional dividend tax on their ISA share dividends, so they still stand to gain.

ISA charges

Watch out for charges on stocks and shares ISAs. Some funds levy an initial fee of up to 5%, plus an annual management charge of around 1%, which can eat into investment returns. You might also have to pay an adviser’s fees on top. But if you don’t need advice, you can probably buy your funds cheaper though a discount broker or a fund supermarket.

Compensation scheme

The Financial Services Compensation Scheme covers ISA investments up to £50,000 if your ISA manager should go bust. But remember, the FSCS does not compensate for poor performance. Cash ISAs are protected up to £85,000 by the FSCS.


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