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.

Our charges are changing from 1st April 2021. Learn more about our new charges.


Don’t forget to use your 2020/21 £20,000 ISA allowance before April 6th or you’ll lose it.

ISAs protect all holdings from UK tax, including potential future profit from Capital Gains Tax and dividend payments from Income Tax.

Save on tax

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

Simple charges

It’s £12.50 per year to hold an ISA and £12.50 online dealing commission each time you trade.

Our charges are changing from 1st April 2021. Learn more about our new charges.

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.
  • 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 and competitive. 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

Admin charge/platform fee

£12.50 per year (£36 customer administration fee per year from 1st April 2021 which covers our Share Dealing Account, Stocks and Shares ISA and ShareBuilder)

Real-time trading

£12.50 online dealing commission per trade (£9.50 per online trade from 1st April 2021)

Scheduled regular investments

£2 dealing commission per scheduled 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, 71KB).

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Apply for a Stocks and Shares ISA

You can open a Stocks and Shares ISA in less than 10 minutes. For existing share dealing customers simply log in and select ‘Open a New Account’. Otherwise, click ‘Apply now’. Before you start an application, make sure you’ve reviewed and understand:

We are making some changes to our Share Dealing Terms and Conditions. Please see our new Terms and Conditions (PDF, 167KB) (effective from 1st April)

When opening a Stocks and Shares ISA, a separate Share Dealing Account will be automatically opened for you.

Apply now


Stocks and Shares ISA | Investing | Bank of Scotland

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.