Help & FAQs

What is an ISA?

Individual Savings Accounts (ISAs) were introduced by the UK Government in April 1999 to promote saving and investment amongst individuals in the UK. Rules of the scheme have changed several times since they started but currently allow UK citizens 16 years plus to save up to £20,000 per annum free of tax.

Selftrade offers a Shares ISA, for customers looking for a tax efficient way of investing. ISAs are available to UK residents and certain other qualifying individuals, aged 16 or over in the case of a cash ISA and 18 or over for a stocks and shares ISA. You can subscribe to a cash ISA and a stocks and shares ISA in the same tax year, subject to the annual subscription limits per person, but you cannot subscribe to more than one of each in any one tax year. i.e. you could have a stocks and shares ISA with Selftrade, and you could choose another provider for a cash ISA, up to the total allowed for the year in which you are investing. You cannot spread your subscriptions across more than one stocks and shares ISA or more than one cash ISA in the same tax year.

For more information about the Selftrade Shares ISA please click here.

For more information about ISA's, please watch this video

Submitted on 23rd Feb 2018

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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