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Stocks & Shares ISA
The workhorse of UK tax-free investing.
Annual limit
£20,000
Shared across all ISA types in the same tax year
Government incentive
None
Tax on growth
None
Tax on income
None (dividends and interest tax-free)
Tax on withdrawal
None — withdraw anytime
Eligibility
UK residents aged 18+
Best for
- ✓Long-term investing
- ✓Building a tax-free pot for any goal
- ✓Sheltering dividend-paying shares from tax
Key benefits
- ✓Completely tax-free growth and income — forever
- ✓No CGT when you sell investments
- ✓Withdraw at any time with no penalty
- ✓Flexible ISAs allow you to replace withdrawn money in the same tax year
- ✓Wide choice of providers and investments (shares, funds, ETFs)
Restrictions & watch-outs
- ⚠️£20,000/year limit (shared with all other ISAs)
- ⚠️Cannot hold cash and invest in shares in the same ISA
- ⚠️Must be a UK resident
- ⚠️Cannot open if you already opened another ISA of the same type this tax year
See the numbers
Use our calculator to model exactly how this account could work for you.