ISAs (Individual Savings Accounts) shelter your savings and investments from tax and provide you with an easy way to save for your future.
The government offers generous tax breaks to encourage you to save and one of the most popular and accessible ways is through an ISA. This year’s ISA allowance is £20,000.
A Stocks and Shares ISA is not an investment in its own right. The best way to think of a stocks and shares ISA is as a ‘wrapper’ in which you can shelter your savings and investments from tax.
Please note that any tax benefits will depend on your personal tax position and rules are subject to change. The value of investments can go up as well as down and you may get back less than you invested.
If you are already a Self-Directed client, to open a Stocks and Shares ISA, please complete, sign and scan this document to us at email@example.com from your registered email address. If you do not have access to a printer and/or scanner, please contact us to discuss how we can accept your instruction.
We offer clear and competitive pricing with no hidden costs or charges.
*The transferring provider may make a charge for transferring investments or cash proceeds to Close Brothers Asset Management.
Invest in a wide choice of investments with our Close Stocks and Shares ISA:
Our online portal is easy to use and accessible at any time and will allow you to create a more detailed view of your wealth by adding assets or debts not held with us.
Take advantage of the free access to our expertise and view our in-house research, analysis and insights which are easy-to-understand, whether you are an experienced investor or just getting started.
Our investment team are constantly trading in the markets and managing the portfolios of thousands of investors across the UK.
Our UK-based support team are on hand to help via phone or email. If you have questions about your account, please contact our dedicated Investor Support Team who are available 8am - 6pm, Monday to Friday, excluding public holidays.
Remember, the value of investments can go down as well as up, and you may get back less than you invest.
|Set up account||Nil|
|Contributions into your account||Nil|
|On-going platform fee – deducted monthly||A competitive platform fee that starts at 0.25% and reduces in tiers to 0% depending on the amount you and your family invest (based on the value of your investments, excluding cash).|
|Buying, selling or switching Unit Trusts or OEICs||Nil|
|Buying, selling or switching Exchange Traded Investments||To the extent that we charge a dealing fee, this will not exceed £8.95.|
If you would like to transfer previous years’ ISAs, why not register to open a Close Stocks and Shares ISA and benefit from our low cost investment platform? Transferring is easy and our support team are here to help. Please note, you do not need to sell your holdings in order to transfer them to us.
Use our search tool to see which of your existing investments can be transferred to us.
Once you’ve opened an ISA, you will need to complete an ISA transfer form to initiate a transfer from another provider. This can be found below or in your document library under ‘Important information and forms’ when you log in.
If you are already a Self-Directed client, to transfer an ISA to us , please complete, sign and scan this document to us at firstname.lastname@example.org from your registered email address. If you do not have access to a printer and/ or scanner, please contact us to discuss how we can accept your instruction.
You pay no Capital Gains Tax, no further tax on any income within a Stocks and Shares ISA, and you don’t need to declare ISAs on your tax return. If used regularly, your annual ISA allowance offers you the chance to create a substantial tax-efficient portfolio. Dividends on shares held within a Stocks and Shares ISA are tax free.
ISA limits are controlled by the government and any changes are normally announced in the Budget. For the current tax year the allowance is £20,000.
You can only open one Cash ISA and one Stocks and Shares ISA per tax year. You can choose different providers for each type of ISA.
The new £20,000 ISA allowance can be used in full in a Cash ISA, in full in a Stocks and Shares ISA, or split between the two.
You must be over 18 and resident in the UK for tax purposes.
A Stocks and Shares ISA provides accessibility – you can withdraw money from your ISA if your circumstances change, but any investment should be considered a medium to long term commitment, generally of five years or more. Please note this is not a flexible ISA. Withdrawals may not be able to be replaced and will count towards your allowance.
Our portal allows you to view and manage your Close Stocks and Shares ISA at any time. We provide six monthly valuation statements online so you can view the performance of your ISA as well as any other products you hold on the platform.
You can set up regular monthly payments by Direct Debit for £50 or more. Our portal allows you to choose where you want your monthly payment to be invested. There is no minimum lump sum.
As returns are mainly dependent on stock market performance, investing in a Close Stocks and Shares ISA carries risk. There is no guarantee that the value of your investment will rise, it could fall and you may get back less than you originally invested.
Also, an individual’s tax treatment depends on their own circumstances and is subject to change, which could reduce any benefits gained in the future. Please note this is not a flexible ISA and any withdrawals may not be able to be replaced and will count towards your allowance.
Before you invest, make sure you feel comfortable with the level of risk you take. Investments aim to grow your money, but they might lose it too.