The Stocks and Shares ISA (Individual Savings Account)
The best way to think of a ISA is a 'wrapper' in which you can shelter your savings and investments from further tax - less tax means potentially higher returns for you.
The Stocks and Shares ISA, provided by Hargreaves Lansdown, offers an easy-to-manage, tax-efficient solution giving you access to a wide range of investments and tools.
You can choose your own investments from all the leading fund managers, or invest in shares, investment trusts, corporate bonds, gilts or ETFs. Alternatively, simply open your stocks and shares ISA (sometimes referred to as an investment ISA), hold cash and decide where to invest later.
If you have ISAs elsewhere you can transfer them into the Stocks and Shares ISA. You could save money and make them easier for you to manage.
You can access your money at any time, although as a rule of thumb, you should only invest money you won't need for at least five years.
Please remember the value of tax savings depends on your circumstances and tax rules can change over time.
Stocks & Shares ISA benefits
Invest up to £20,000 this tax year (2019/2020) and benefit from: