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 Stocks & Shares ISA


      Stocks & Shares ISA

    • Product Details

      A tax-efficient way to help you invest for the future, with the flexibility to hold cash as well as investments.

      • Invest from as little as £50 a month, or with a £1,000 lump sum.
      • Choose funds from over 75 providers with Fidelity's fund supermarket.
      • A low-cost service fee of typically 0.35%. Ongoing fund charges will apply.
      • Use Fidelity's guidance tools to help you choose the right funds for you.
      • 24/7 online account access from desktop and Fidelity's mobile apps.
      • Excellent customer service, from Fidelity's UK-based contact centre.

      The value of any tax benefits depends on individual circumstances and all tax rules may change. Capital at risk.  Fidelity Personal Investing doesn't give advice.

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    • Provider/Product name Stocks & Shares ISA

      Virgin Money

      Stocks & Shares ISA

    • Product Details
      • Virgin Money’s range offers a choice of six 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 £15,240 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
      • 24/7 online service
      • Annual ongoing charge of 1% of the value of your fund (1.86% for the Climate Change Fund, plus a performance fee may apply)  – 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

      •  With Nutmeg you get more than just a fund - they build and manage an intelligent investment portfolio tailored to the level of risk you're comfortable with, all inside the ISA wrapper
      •  Nutmeg makes it easy for you - you simply tell them your investment goals and they take care of the rest. There's no need for you to track the markets day and night and make your own investment decisions
      •  Nutmeg strive for great, long-term returns that are aligned to the amount of investment risk you want to take
      •  Nutmeg gives you complete freedom and control too. You can top-up or withdraw when you want and there are no set-up costs or exit penalties
      •  There are no extra fees either. You pay just one annual management charge which is between 0.3% and 1% (incl. VAT) depending on how much you invest
      •  You can set up a new stocks & shares ISA with Nutmeg and use some or all of your £15,240 allowance for the tax year 2015/16
      •  You can also transfer in existing ISAs from other providers
      •  There is a minimum investment of £1,000 per fund you create. If you invest below £5,000 Nutmeg also ask for a £50/month contribution.

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    • Provider/Product name My Smarter (ISA)


      My Smarter (ISA)

    • Product Details

      • Easy way to save over the medium to long term e.g. 5-10 years or more
      • Invest from just £10 per month or with a lump sum of £100 or more
      • Boost the amount you save by choosing to automatically increase your monthly payments each year
      • Straightforward investment – your money is automatically invested in single, managed fund, so the hard work is done for you
      • Money-back guarantee on your 10th anniversary and every five years after that – provided you’ve made no earlier withdrawals
      • Choose to stop, start, increase or decrease your payments at any time, with no penalties
      • Manage your ISA online 24/7
      • M&S vouchers to thank you for applying
      • You can have an Investment ISA even if you already have a Cash ISA
      • Invest up to £15,240 in an Investment ISA less any amount you save in a Cash ISA this tax year

      Remember, the value of your investment can go down as well as up, so you could get back less than you pay in. T&Cs apply. Provided by Scottish Friendly.

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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% per annum for all investments
      • Exclusive fund management charges from leading fund managers – from 0.39% to 1.33% per annum
      • 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 (ISA)

      Scottish Friendly

      My Fund Select (ISA)

    • Product Details

      • Scottish Friendly don't have shareholders, so profits are used for their customers' benefit
      • You can have an Investment ISA, even if you have a Cash ISA
      • Invest up to £15,240 in an Investment ISA less any amount you may have in a Cash ISA this tax year
      • Start now from just £10 a month
      • Manage your money using the online tool, by creating different policies for different investment goals, all within your ISA
      • You have a choice of three 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

      •WINNER 2014 Reader’s Choice Awards BEST ISA PROVIDER
      •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 helpdesk with average telephone waiting times of less than 10 seconds
      • Invest from as little as £25 per month

      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 7.10% 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 E)
      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

Interest rates on cash ISAs are extremely low, so it’s perhaps not surprising that many people are thinking of putting money into a stocks and shares ISA. ISA rules changed in July 2014, meaning there is now greater flexibility on investments and transfers.

Read more

Annual allowance

in the 2015/2016 tax year, you can invest up to £15,240 into an ISA. This can be invested in cash or stocks and shares, or a combination of both.

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 £1,100 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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