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.

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 : Ordered A-Z

    • Provider/Product name Investment ISA

      AJ Bell Youinvest

      Investment ISA

    • Product Details

      Minimum Investment: £500 initial lump sum. £25 per month for regular investors
      Transfer in existing ISAs: Yes at no charge
      Charges/Fees/Costs: Deal from £4.95 online and never pay more than £9.95 per online deal. Regular investing at just £1.50 per deal. The charge on funds is 0.20% up to £50 maximum per quarter. The annual management charge applied by the fund manager is typically 0.75%
      Account Management: Online & phone
      Customer Service Provision: Regular ideas to help you choose where to invest are posted on the AJ Bell Youinvest website. Guidance also provided through three global tracker portfolios and a top tracker list, on a non-personal advice basis

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    £500 Transfer Help!

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

    Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

    • Provider/Product name Investment ISA

      Barclays Stockbrokers

      Investment ISA

    • Product Details

      Minimum Investment: £50 per month & £50 lump sum
      Transfer in existing ISAs: Yes
      Charges/Fees/Costs: £11.95 per deal (reduces to £5.95 for frequent dealing). No setup fees and annual platform charges of 0.35%, which is waived if you invest only in funds. Other fees may apply
      Account Management: Online and over the phone
      Customer Service Provision: UK-based client service team

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    Transfer costs covered

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

    Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

    • Provider/Product name Stocks & Shares ISA

      Hargreaves Lansdown

      Stocks & Shares ISA

    • Product Details

      Minimum Investment: £100 (lump sum) or £25 per month
      Transfer in existing ISAs: Yes, both Cash ISAs and Stocks & Shares ISAs
      Charges/Fees/Costs: Tiered annual management fee up to 0.45%p.a. reducing the more you hold. Maximum £45 annual charge to hold shares, investment trusts, ETFs and corporate bonds. No charges to buy and sell funds. Low cost reinvestment.
      Account Management: Online, phone, App and by post
      Customer Service Provision: UK based helpdesk able to answer your questions online, over the phone or by post

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    Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

    • Provider/Product name My Choice(ISA)

      Scottish Friendly

      My Choice(ISA)

    • Product Details

      Minimum Investment: Monthly and Lump Sum - £10 a month and £100 lump sum
      Transfer in existing ISAs: Yes
      Charges/Fees/Costs: 1.5% Annual Management Charge
      Account Management: Manage your account online via the My Plans tool, or by phone, email and post
      Customer Service Provision: Online via the My Plans tool, or by phone, email and post

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    Welcome Gift

    £25 gift card when you start

    Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

    • Provider/Product name Trading ISA

      TD Direct Investing

      Trading ISA

    • Product Details

      Minimum Investment: Invest up to £15,420 - from £25 monthly or from £100
      Transfer in existing ISAs: Yes, at no charge
      Charges/Fees/Costs: £0 account fee if you have an ISA balance of £5,100+ or a regular investing facility set up. £30+ VAT per annum for balances under £5,100. No charges to buy and sell funds.
      Account Management: Online, mobile & tablet apps and phone
      Customer Service Provision: UK based call centre open Mon-Fri 07.30-9.00pm and Saturday 09.00-3pm, plus online help centre and Twitter service from 8am-4.30pm

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    Welcome Rate

    Trade online at our lowest dealing rate of £5.95 in your first 3 months

    Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest.

 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 7.0%* 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 11/07/2016.

Funding Circle

    • Provider/Product name Lending

      Funding Circle


    • Expected annualised rate after fees and bad debt 7% 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 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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