Stocks and Shares ISA

Each tax year you are given an allowance to save or invest in an ISA – this year the limit is £20,000. With our Stocks and Shares ISA, you choose your own investments and any money you’ve put into your ISA (and any profit you make) is completely free from UK tax.

Please remember that the value of investments and the income from them can fall as well as rise and you may get back less than you invest. If you’re not sure about investing, seek independent advice. Tax treatment depends on individual circumstances and may be subject to change in the future.

Save on tax

Pay no UK tax on income from dividends, and protect any profit from Capital Gains Tax.

Simple charges

Flat rate admin fee of £36 per year. Trade online for £9.50 for UK and Fund trades. Zero commission on international online trading (1.25% foreign exchange rate still applies).

Transfer your ISA

Fill in our simple online transfer form to transfer your existing Cash or Stocks and Shares ISA to us.

Why should I think about investing?

  • With interest rates remaining at historic lows, it's unlikely your savings are keeping pace with inflationInflation causes a rise in costs for goods and a drop in your purchasing power over a period of time. e.g. a pint of milk in 1990 was 25p whereas a pint of milk in 2020 would cost you 43p.. Investing can help your money work harder. However, there is greater risk in investing compared to cash savings. Savings accounts offer steady growth and are normally quickly accessible so you should look to keep enough money in them for emergencies and short term expenses before thinking about investing.
  • Our Stocks and Shares ISA gives you flexibility to pick the investments that are right for you.
  • You can get started with a regular investmentYou can set up a direct debit on your share dealing account and select which investment to buy, when and at what cost or quantity. You can then sit back and leave the rest to us. from just £20 each month, or you can invest a lump sum in a wide range of investment types. Read more about our investment options.

What can I invest in with a Stocks and Shares ISA?

You can choose to invest in a wide variety of investment types. You can buy shares listed on the London Stock Exchange and six other international stock markets, invest in managed funds, investment trusts, exchange traded funds (ETFs), bonds and gilts. Read more about our investment options.

What do I pay?

Our charges for the Stocks and Shares ISA are straightforward. You pay a simple flat-rate fee each year for holding the account, and dealing commission each time you place a trade.

Table of charges for the Stocks and Shares ISA

Customer admin fee

You can hold an ISA, a Share Dealing Account and a ShareBuilder all for a single charge of £36 a year (the same as £3 per month)

Real-time online UK trading

£9.50 online dealing commission per trade

Fund trades

£9.50 online dealing commission per trade

International online trading

£0 dealing commission, 1.25% foreign exchange rate

Scheduled regular investments

£2 dealing commission per scheduled trade

Telephone trading 

£25 dealing commission per trade

This table shows the dealing commission and account charges you'll pay as standard. If you invest in a fund you'll also pay an ongoing charge directly to the fund manager. You may also pay government taxes and levies depending on the investment you choose. For full details please see our Charges (PDF, 72 KB).

Understanding a Stocks and Shares ISA

  • Bank of Scotland Stocks and Shares ISAs are not flexible ISAs, so money you withdraw then pay back in during the same tax year will count towards your £20,000 ISA allowance.
  • You can only subscribe to one Stocks and Shares ISA per tax year.
  • When opening a Stocks and Shares ISA, a separate Share Dealing Account will automatically be opened for you. 

Ready to apply for a Stocks and Shares ISA?

New to Share Dealing?

Start your 2022/23 Stocks and Shares ISA. You will just need your address, debit card details and national insurance number to hand.

Open an ISA

Already a Share Dealing customer?

Simply log in to apply. Once you’ve accessed your Share Dealing Account, click on ‘Open a new account’ in the right-hand navigation.

Log in to Share Dealing
Log in to Internet Banking

Need a little more information? Our Investing quick guide (PDF, 723 KB) could help you.

FSCS protected logo

Investments with Bank of Scotland Share Dealing are protected up to a total of £85,000 by the Financial Services Compensation Scheme. This limit is applied to the aggregated total of any stock or cash held across the following brands which we administer.

This is in addition to any other savings deposits you may hold across Lloyds Banking Group.

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.