Stocks and Shares ISAs explained
What is a Stocks and Shares ISA?
A Stocks and Shares ISA (Individual Savings Account) is an investment ISA. It’s often seen as a popular way to invest because of its tax-free benefits.
How does a Stocks and Shares ISA work?
Each tax year (6 April one year to 5 April the next), you get an ISA allowance. For this tax year, it’s £20,000. So, if you invest up to this amount into a Stocks and Shares ISA, you won’t pay tax on any returns you make.
Is a Stocks and Shares ISA right for you?
Investing into a Stocks and Shares ISA over time could have a positive impact on your overall investment return. You need to be prepared to invest your money for at least five years and feel comfortable with some risk to your money.
How much money do I need to invest through Skipton?
Unlike many banks and building societies, you only need £20,000 to invest through Skipton – or be able to invest £500 each month.
How do I open a Stocks and Shares ISA through Skipton?
It’s easy to get started – simply fill in the call back form below, and one of our team will get in touch to arrange your free initial consultation.
Here’s how we’ll help you throughout the process:
- Starts with a free initial consultation: after your initial chat, if we agree that financial advice is right for you and you'd like to move forward, we’ll book an appointment for you with one of our financial advisers. They’ll take you through everything you need to open your Stocks and Shares ISA.
- Tailored advice, backed by research: when it comes to getting the most from a Stocks and Shares ISA, it’s all about choosing one that’s right for you. And that’s where we can help – our in-house team of experts research the market to develop a panel of investment options.
- Personalised recommendations: your adviser will listen carefully to what you want from your money so they can recommend a Stocks and Shares ISA that’s best suited to your needs and goals.
There’s no upfront cost to have a review with us. You’ll only pay a charge if you decide to act on our advice – and there’s no pressure at all to take a recommendation.
Investing usually gives you better returns than a savings account over time (five years or more). But the value of your investments can go up and down, so you could get back less than you put in.
Any tax you pay on your investments depends on your own situation – and rules could change.
Request a call back
Thinking about opening a Stocks and Shares ISA? Just fill in our call back form and we’ll arrange your free initial consultation.
- This is a free chat to get to know your situation and what you want to achieve with your ISA.
- You can ask questions to find out how we could help and support you.
- You’re under no pressure to take things further – it’s completely up to you.
Prefer to call us?
Book your appointment by calling us on 0345 600 6857.
