Compare self-select ISAs

Looking for a tax-free home for your savings? Want to pick your own shares? A self-select ISA could be for you. We give you access to a number of ISA providers who offer a share dealing ISA to make best use of your ISA allowance.

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

Product information supplied has been provided by each individual brand not MoneySuperMarket

Self-Select ISAs - featured accounts - ordered by a fixed annual management charge

    • Provider/product name Investment ISA

      AJ Bell Youinvest

      Investment ISA

    • Annual charge £0
    • More details

      Annual or quarterly charge: £0
      Can I get advice? No
      Cost per trade: From £4.95 online and you will never pay more than £9.95 per online deal. For regular investors, the dealing charge is just £1.50 per online deal
      What is a typical % charge on funds? 0.20% up to £50 maximum per quarter. The annual management charge applied by the fund manager is typically 0.75%
      How many investments am I able to pick from? Over 4,000 clean funds, an extensive range of ETFs, ETCs and investment trusts as well as all securities (shares) quoted on the London Stock Exchange and on 21 international markets. AJ Bell Youinvest also offer bonds and PIBs
      Min/Max investment: £500 minimum for an initial lump sum investment. £25 a month for regular investors
      Can I transfer in existing ISAs and is there a fee? Yes. There is no charge to transfer an ISA to AJ Bell Youinvest
      Is there a fee for transferring away to another provider? No
      Inactivity fees: None

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    £500 Transfer Help!

    Currently offer to pay up to £500 towards any costs involved in moving your ISA

    • Provider/product name Stocks & Shares ISA

      Hargreaves Lansdown

      Stocks & Shares ISA

    • Annual charge £0
    • More details

      Annual or quarterly charge: £0
      Can I get advice? Yes, Hargreaves Lansdown has an in-house team of advisors
      Cost per trade: No dealing fees for funds. Between £5.95 and £11.95 online to buy and sell shares
      What is a typical % charge on funds? Tiered annual management charge - 0.45% on first £250,000; 0.25% between £250,000 and £1m; 0.1% between £1m and £2m and no charge on funds above £2m. Fund manager’s charge for running the fund will also apply
      How many investments am I able to pick from? Over 2,500 funds as well as shares listed on the UK, US, Canadian and European stock markets, ETFs, investment trusts, corporate bonds and much more
      Min/Max investment: Open your ISA with a lump sum from £100, or start a monthly direct debit from just £25 per month 
      Is there a fee for transferring away to another provider? Yes, £25 per holding, or a flat £25 for transferring cash
      Inactivity fees: None

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    • Provider/product name Investment ISA

      Barclays Stockbrokers

      Investment ISA

    • Annual charge £30 + VAT
    • More details

      Annual or quarterly charge: £30 +VAT p.a., waived if fully invested in funds
      Can I get advice? No
      Cost per trade: No commission for buying or selling funds. Fund Manager Annual Management Charges (AMCs) still apply. Equities - from £11.95 down to £5.95 depending on number of deals per calendar month. Earn interest on cash balances of £1,000 or more while you decide which investments are right for you.
      What is a typical % charge on funds? Fund Administration Fee of 0.35% on first £500k of fund holdings per annum per account (subject to a minimum fee of £35).
      How many investments am I able to pick from? Access to a range of assets and markets including over 2,000 funds managed by over 100 leading fund managers, shares, gilts and bonds, Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs).
      Min/Max investment: £5, no maximum but subject to the current ISA allowance of £15,240 p.a.
      Can I transfer in existing ISAs and is there a fee? Yes you can transfer in other investment (stocks & shares) ISAs and cash ISAs. There is no fee to transfer in
      Is there a fee for transferring away to another provider? Yes, £30 per holding
      Inactivity fees: None

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    Transfer costs covered

    Barclays Stockbrokers repay up to £500 of your transfer costs. Conditions apply

    • Provider/product name Trading ISA

      TD Direct Investing

      Trading ISA

    • Annual charge £0
      or
      £30 + VAT
    • More details

      Annual or quarterly charge: £0 when you have either an ISA balance of £5,100+ or a regular investing facility set up. £30+VAT per annum for ISA balances under £5,100.
      Can I get advice? Daily ideas and opinions to help you choose where to invest. All opinions are provided on a non-personal advice basis.
      Cost per trade: No dealing fee for funds. Invest in shares online on our £5.95 share dealing rate in your first three months. After three months you'll move on to the Active (£5.95), Frequent (£8.95) or Standard (£12.50) rate plan. Other charges may also apply.
      What is a typical % charge on funds? Two banded tiers - 0.3% for investments up to £250,000 and 0.2% for investments over £250,000 (capped at £1,500). Fund Manager’s Ongoing Charge Figure (OCF) to pay the costs for running their fund will apply.
      How many investments am I able to pick from? Over 2,000 funds, UK & International Shares (including AIM), ETFs, Investment Trusts and many more.
      Min/Max investment: £100 to open an ISA. Or start a monthly direct debit from just £25 per month.
      Can I transfer in existing ISAs and is there a fee? No fees to transfer in but your current ISA provider may charge exit fees. See our latest cashback offer. Terms apply
      Is there a fee for transferring away to another provider? No fees
      Inactivity fees: None

      If you're unsure this ISA is suitable, seek independent advice.
       

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    • Provider/product name Trust ISA

      F&C Investments

      Trust ISA

    • Annual charge £60 + VAT
    • More details

      Annual or quarterly charge: Annual charge - £60 +VAT (collected bi-annually 5th April/5th October)
      Can I get advice? F&C Investments investor services team cannot give any advice on the suitability of investing in plans. If you are in any doubt about your investment choices you should contact a financial advisor
      Cost per trade: Dealing charge 0.2% and 0.5% Government stamp duty on applicable purchases
      What is a typical % charge on funds? Annual charge £60 +VAT; Dealing charge 0.2% and 0.5% Government stamp duty on applicable purchases
      How many investments am I able to pick from? 11 Investment Trusts
      Min/Max investment: You can invest from £50 a month or a lump sum of £500. Max to the ISA annual allowance limit
      Can I transfer in existing ISAs and is there a fee? Yes, no charge (except 0.2% dealing charges and 0.5% stamp duty on applicable purchases)
      Is there a fee for transferring away to another provider? Yes, £50 +VAT dealing charges still apply (at postal rate, where applicable)
      Inactivity fees: None

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Self-Select ISAs - featured accounts - ordered by percentage based annual management charge

    • Provider/product name Stocks & Shares ISA

      AXA Self Investor

      Stocks & Shares ISA

    • Annual charge 0.35% p.a. on investments up to £250k
    • More details

      Annual or quarterly charge: Low annual ISA account charge of 0.35% p.a. on investments up to £250k or 0.20% p.a. on investments above.
      Can I get advice? No, AXA Self Investor doesn't offer personal financial advice, but they do provide a range of helpful tools to take some of the confusion out of investing and help you make informed investment decisions.
      Cost per trade: AXA Self Investor won’t charge you to buy or sell a fund.
      What is a typical % charge on funds? Variable as these ongoing charges are set by fund managers.
      How many investments am I able to pick from? AXA Self Investor has over 1,250 funds with three ways to find the fund choices you want to see. So, whether you’re new to investing or have more experience, AXA Self Investor could have a starting point for you.
      Min/Max investment: Invest from as little as £50 per month or a lump sum of £500 or more. Invest up to £15,240 - the New ISA allowance.
      Can I transfer in existing ISAs, and is there a fee? Yes, you can transfer existing ISAs and AXA Self Investor won’t charge a fee.
      Is there a fee for transferring away to another provider? AXA Self Investor doesn’t charge a penny to transfer in, or out.
      Inactivity fees: None

      The value of a stocks and shares ISA or trading account can go down as well as up and you may get back less than you invested.

       

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    Low Cost Investing

    Low 0.35% p.a. ISA account charge and earn interest on all money held as cash, with AXA's stocks and shares ISA

    • Provider/product name My Choice (ISA)

      Scottish Friendly

      My Choice (ISA)

    • Annual charge 1.50%
    • More details

      Annual or quarterly charge: 1.50% AMC (Annual Management Charge) only
      Can I get advice? No
      Cost per trade: There is no charge for a reasonable number of fund switches made per calendar year. However, excessive usage of more than 60 switches within a calendar year will incur a charge of £25 per subsequent switch
      What is a typical % charge on funds? A 1.5% annual management charge applies to each fund
      How many investments am I able to pick from? A range of nine funds to choose from
      Min/Max investment: You can invest from £10 a month, lump sums from £100 or a combination of both. You can invest up to you full ISA allowance of £15,240
      Can I transfer in existing ISAs and is there a fee? Yes, you can transfer an existing ISA and Scottish Friendly won't charge any fees
      Is there a fee for transferring away to another provider? No
      Inactivity fees: None

       

      Established since 1862, Scottish Friendly have been helping customers to invest for over 150 years. The value of your investment can go down as well as up, so you could get back less than you have paid in. Tax treatment depends on individual circumstances. Tax law may change in the future.

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    Exclusive

    End of tax year offer! £50 gift card when you start, and chance to win back what you invest (up to £500) plus an iPad mini. Terms apply

 Looking for a more hands off approach, take a look at a selection of directly managed stocks and shares ISAs

Show me directly managed funds

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 fundingcircle.com. Rate is updated daily. Rate correct as at 03/11/2014.

Funding Circle

    • Provider/Product name Lending

      Funding Circle

      Lending

    • Expected annualised rate after fees and bad debt 7.30% 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 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 higher 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.

Our ISA service provides you with information on various ISAs as well as guides to help you decide on the right product for you. We earn commission based on arrangements we make to introduce you to product providers, further details are available on request. We do not provide you with advice and you should discuss specific product terms with the product provider. Self select ISAs can be higher risk than other ISAs. If you are in any doubt as to whether these plans are suitable you should seek independent financial advice. There is a risk that the company may be unable to repay your investment, for example if they were to cease trading. In this instance Stocks & Shares ISAs are eligible for the Financial Services Compensation Scheme (FSCS) up to £50,000 per person, per institution.

Self-select ISAs

Experienced investors who want greater control over their investment choices may want to consider using a self-select ISA.

These allow you to pick and buy shares and investments yourself to hold in a tax-free ISA wrapper. Here, we explain how self-select ISAs work and look at some of their advantages, as well as the potential risks.

What are self-select ISAs?

A self-select ISA is a type of stocks and shares ISA (as opposed to a cash ISA). As the name suggests, a self-select ISA enables you to choose what assets you want to hold in your ISA, rather than a fund manager making the decisions.

They are usually offered by stockbrokers and the wealth management arms of high street banks, and, because investments are held within an ISA, returns are free of income tax and capital gains tax. The maximum you can hold in a self-select ISA this tax year (2016/2017), or any stocks and shares ISA, is £15,240.

What types of self-select ISAs are available?

As well as individual shares, there is a wide range of other assets that can be held within a self-select ISA, including unit trusts, investment trusts, open-ended investment companies, bonds, gilts and exchange traded funds.

Remember that the value of these investments can fall as well as rise so there is more risk attached with investing in a stocks and shares ISA than there is with a cash ISA.

When choosing a self-select ISA, you’ll also need to decide whether you want to go for an execution-only broker, or a broker which offers advice.

Execution-only brokers have the lowest fees as they simply provide the internet trading platform you’ll need to trade shares and other investment. Broker firms that offer advice charge more because they will help you decide which shares to pick.

What are the advantages of a self-select ISA?

Picking the investments you want to hold within your ISA gives you much greater control in comparison to handing the reins over to a fund manager. However, bear in mind that you will need to actively monitor your investments and keep an eye on how they are performing – if you don’t have the time to do this, a self-select ISA may not be the right choice for you.

The other major advantage of a self-select ISA is the tax benefits. Investment growth and dividends received within the ISA are free of capital gains and additional income tax, which is particularly advantageous for higher rate taxpayers.

You can change your investments within your ISA if you want to, but remember you cannot move your money into a cash ISA.

How can MoneySuperMarket help?

It can be tricky working out where to go for your self-select ISA, but MoneySuperMarket.com enables you to compare what’s on offer to help you decide which provider is right for you.

You can see at a glance what all the major players provide, including trading costs and the number of funds available for you to choose from, plus which allow you to buy individual shares and other investments as well as funds.

 
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