Share dealing ISAs are amongst the options for last minute stocks and shares ISAs, if you are looking to invest in the ISA tax shelter by 5 April.
Share dealing ISAs offer full control over how you invest your stocks and shares ISA allowance. These ISA accounts allow you to buy and sell shares in UK and global markets without the liability for income tax or capital gains tax on returns you make.
With the ability to open accounts online, share dealing ISAs are a good last minute option for investors leaving their ISA investing to the final hour.
Some share dealing accounts will even accept applications and accounts opened with cleared funds, up until midnight on 5 April.
Your last minute share dealing ISA options
One of the largest providers, Barclays Stockbrokers’ Investment ISA has charges per trade from as low as £6.95 for regular traders and direct access to company shares and corporate bonds in the UK market, as well as access to international stocks and shares.
Barclays Stockbrokers vice president Catherine Penney said: “With the end of the tax year fast approaching, it is crucial that investors make the most of their tax free ISA allowance, and appreciate that it really is ‘use it or lose it’.”
Penney said with interest rates so low, investment ISAs presented an ‘increasingly interesting opportunity’.
“Investment or ‘stocks and shares’ ISAs offer the potential for greater long-term returns, provided that an individual is prepared to accept the additional risk to their capital and possible fluctuations in income,” she added.
TD Waterhouse’s Self Select ISA offers access to the UK stock market and international markets, bonds and gilts (government bonds), with the charge per trade starting from £8.95. For ISA balances of more than £5,100 no administration fee is charged, within the terms and conditions.
iWeb has a Stocks and Shares ISA that has no annual administration fees and charges per trade from £10. The iWeb ISA also offers access to a variety of different markets.
The high street banks Halifax, Natwest and Royal Bank of Scotland (RBS) also offer self select stocks and shares ISA accounts.
The Halifax Self-Select Stocks & Shares ISA offers access to UK shares, bonds and gilts. The charge per trade for UK, real-time online trades is £11.95. Services with the account include the Share Price Alert Tool to help you stay on top of share prices.
The charges per trade for the Natwest Self Select ISA and RBS Self Select ISA start from £15. The accounts offer online capability. For the RBS Self Select ISA there is no administration fee for the first 12-months for ISAs opened before 31 May 2011.
Details will vary between different ISA share dealing accounts, such as whether a minimum investment is required, please read the account details for more information. Compare deals in the table below:
No news, feature article or comment should be seen as a personal recommendation to invest.
The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. Different types of investment carry different levels of risk and may not be suitable for all investors.
Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
© Fair Investment Company Ltd