Compare 2021/22 Stocks & Shares ISA Deals
If you are looking to use your 2021/22 ISA allowance see our selected options for stocks and shares based ISAs.
For investment ISAs there are a range of options including isa funds which offer you the option of selecting your own funds based on attitude to risk, or allowing a specialist manager to invest on your behalf.
Nutmeg ISA
Stocks & Shares ISA
Nutmeg ISA – Simple, transparent, designed by experts. Choose an investment style that works for you
- In-house investment team have built a range of portfolios, which are then allocated as per your chosen investment style
- Choice of four investment styles built by experts and using exchange traded funds to diversify across stocks, bonds, industries, even countries. Choose the one that works for you
- Open or transfer your ISA account in minutes
- Log in from any device, start with as little as £500, and with 100% cash if you so wish
- 24/7 access to your account, so you can always see where your stocks and shares ISA is invested and how it’s performing
High Growth Investment Plan
MB UK Kick Out Plan Y2 65
Potential Return – 7.25% pa
- Return paid if the FTSE 100 Index goes up by any amount on an annual observation date
- Potential early return in years 2, 3, 4, 5, 6 or 7
- 5 year maximum term
- ISA Option
- Invest from £5,000
Investment Growth Plan ISAs
Financial Fitness Report
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MB UK Growth Kick Out Plan
per annum
MB UK Kick Out Plan Y2 65
per annum
Causeway Securities FTSE 100 Kick Out Plan
per annum
Walker Crips Semi-Annual Kick Out Plan 65% Barrier
per annum
Walker Crips Semi-Annual Kick Out Plan 60% Barrier
per annum
MB UK Kick Out Plan Y2 60
per annum
MB UK Kick Out Plan Y3 60
per annum
MB UK Step Down Kick Out Plan
per annum
Walker Crips UK Semi-Annual Step Down Kick Out Plan
per annum
MB UK Super Defensive Kick Out Plan
per annum
MB UK Step Down Kick Out Plan Y3 60
per annum
Investment Income Plan ISAs
Investment Fund ISAs
Share Dealing ISAs
Using the Investor Service Plan
What is an investment ISA?
An investment ISA is simply where you use your annual ISA allowance (currently £20,000 in 2021-2022) to invest in non cash assets such as shares, investment trusts, open-ended investment companies (OEICs), life insurance policies, corporate bonds, and gilts.
How do I choose an investment ISA?
An investment ISA, as with all investments, involves an element of risk, so it’s important that you are comfortable with this and you are in a sufficiently stable financial position. If you are unsure you should seek independent financial advice.
Before you open an investment ISA, make sure that:
- Your debts are under control – you’ve either paid them off or have affordable arrangements in place to do so.
- You have emergency savings that you can access easily if something unexpected occurs – if your car breaks down or you’re made redundant, you’ll need savings that you can use straight away.
If you’re very new to saving and don’t yet have a basic emergency fund, you may find that a cash ISA is more suitable for you at this stage. Once you’ve built up some accessible savings in this way, you might then want to consider an investment ISA.
Investment ISA tips for 2021
- You should be prepared to invest for the medium to long term with a investment ISA – for example, for five years or more.
- If you think you might require access to your cash in the next couple of years, a investment ISA may not be the right choice for you. Share prices can be volatile – and so if you were to withdraw your investment in the next twelve to eighteen months, you could end up with less money than you started with.
- Different investment ISAs have different investment options. These range from as little as £10 per month (e.g. through a fund) to a specified minimum investment (e.g. £500).
- Some ISA providers will give you online access to your account, allowing you to see the investment performance of your ISA and keep up to date with any charges incurred.
- If your investment ISA isn’t performing as well as you’d like, you will usually be permitted to transfer it another provider. To do this, speak to your new ISA manager who will arrange the transfer, allowing you to avoid losing any tax benefits by withdrawing your cash.
- You can transfer shares you get from an HMRC-approved SAYE (save as you earn) scheme run by your employer, or a share incentive plan, into a investment component of an ISA without incurring capital gains tax, up to your annual ISA allowance.
- You will not be able to transfer any existing non-ISA shares, or shares you’ve inherited, into an investment ISA.
- With an investment ISA, there is greater long-term growth potential than a cash ISA – however, bear in mind that the value of your investment can go down as well as up.
- If you have an investment ISA from a previous tax year, you’re permitted to move this into a current investment ISA or split it between more than one investment ISA.
- If you want to open a Junior ISA (JISA) for your child, you can also invest in investment on their behalf up to a maximum of £9,000.
How does a stocks and shares ISA work?
A stocks and shares ISA acts as a tax-efficient ‘wrapper’ for your investments, allowing you invest up to a set amount per year (currently £20,000 for the 2021/22 tax year) while paying a reduced amount of tax on any investment income you make.
Your personal allowance for a stocks and shares ISA is £20,000 for the 2021/22 tax year. Investing this amount would use up your full ISA allowance, but if you prefer, you can divide your ISA allowance between a cash ISA and a stocks and shares ISA.
You could, for example, put some of your allowance in a cash ISA and the remaining balance can be invested in stocks and shares.
When considering a stocks and shares ISA, bear in mind that tax treatment may vary and is subject to change in the future.
Can I transfer a stocks and shares ISA to a new provider?
You can switch your investments within the stocks and shares ISA, or transfer your ISA to another provider without it affecting your allowance for that tax year.
To transfer a stocks and shares ISA from one provider to another, speak to the new provider, who will arrange it on your behalf.
What do I need to bear in mind when choosing a stocks and shares ISA?
Different stocks and shares ISA providers offer different levels of risk, as well as varying potential returns. Some are focused on specific types of asset, while others are more varied.
If you want the opportunity to spread your investments around different areas – and thus avoid putting all your eggs in one basket – you could choose a stocks and shares ISA provider that specializes in diverse portfolio management.
One of the key advantages of a stocks and shares ISA is that it can offer the potential to deliver higher returns than a cash ISA, especially if you plan to hold it over the long term.
Holding a stocks and shares ISA for a longer period of time increases your chances of riding out fluctuations in the market.
If you’re looking to hold your investment for at least five years, and are happy to take on a level of risk, then a stocks and shares ISA might be a suitable choice for you.
However, stocks and shares ISAs don’t provide the same level of security as cash ISAs. If you’re saving for the short term, need easy access to your money, can’t afford to risk your capital, or are simply risk-averse, then a stocks and shares ISA probably won’t be suitable for you.
As with all financial decisions, it’s best to seek independent advice if you’re unsure.
If a stocks and shares ISA isn’t the right choice for you, we also provide access to a leading range of cash ISAs.