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Self-Select Stocks & Shares ISA Enquiries
HM Treasury announced amendments to the ISA Regulations earlier this year that came into effect from April 6th 2008. To find out more about how the ISA Regulations will affect your ISA and PEP please visit the 'Changes to your ISA and PEP' page.
You are allowed to subscribe to one Self-Select Stocks & Shares ISA in any one tax year and these are available indefinitely. The annual allowance is £7,200 (£3,600 of which can be held in a Cash ISA). Cash ISAs can also be transferred into Self-Select Stocks & Shares ISAs.
ISA summary
Self-Select options
Eligibility for a Self-Select Stocks & Shares ISA
Joint Self-Select Stocks & Shares ISAs
Transferring an ISA into a Halifax Share Dealing Self-Select Stocks & Shares ISA
Administration fees
Dividends on investments
Interest on cash pending investment
ISA summary
An ISA is an Individual Savings Account. The Government introduced them in April 1999 to encourage savings and investments in the stock market. An ISA allows you to enjoy investment growth free from Capital Gains Tax liability.
Halifax Share Dealing offers Self-Select Stocks & Shares ISA with an annual allowance of £7,200 which acts as a tax-efficient wrapper for your investments.
You can put money into your Self-Select Stocks & Shares ISA. If you don't put the maximum allowed into the cash element, £3,600 (where they are offered by the ISA Manager), you can put the excess into the stocks and shares element of your Self-Select Stocks & Shares ISA.
Please note that Halifax Share Dealing offers a Self-Select Stocks & Shares ISA only, therefore you can invest up to £7,200 in each tax year.
top ^Self-Select options
A self-select option means you have the freedom to choose and manage all your investments.
top ^Eligibility for a Self-Select Stocks & Shares ISA
You must be 18 years of age or over and be resident in the UK, Jersey, Guernsey or the Isle of Man, or if not resident, is performing duties as a crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat) or is married to, or in a civil partnership with, such a person. You must inform us if you cease to be resident in the UK, Jersey, Guernsey or the Isle of Man. For an ISA you must be resident and ordinarily resident in the UK, not including the Isle of Man or the Channel Islands.
Joint Self-Select Stocks & Shares ISAs
Under HM Revenue & Customs rules it's not possible to open a Self-Select Stocks & Shares ISA in joint names.
top ^Transferring an ISA into a Halifax Share Dealing Self-Select Stocks & Shares ISAs
Transfer from your existing Self-Select ISA Provider- Find out more Find out more.
about how to transfer from your existing ISA provider to a Halifax Self-Select ISA.
Administration fees
We impose a half-yearly administration charge based on the monthly valuation of your Self-Select Stocks & Shares ISA for the previous 6 months, 0.05% per month (min £2.16; maximum £8.33 per month plus VAT). This is deducted from your chosen bank account in April and October.
top ^Dividends on investments
Dividends paid on your investments are collected for you. You can choose to have any income you receive paid into your bank account, or you can hold it in your Self-Select Stocks & Shares ISA while you decide what to do with it. Alternatively, you can choose to have all your UK and Irish CREST eligible dividends automatically re-invested.
Interest on cash pending investment
Halifax Share Dealing offers a Self-Select Stocks & Shares ISA only and does not include a separate cash component. Under HM Revenue & Customs rules, you may only hold cash in your Self-Select Stocks & Shares ISA pending investment within a reasonable timescale and we will pay interest on cash balances of £1 and over.
Under the ISA Regulations we must deduct a flat rate charge, currently 20% from interest on your Self-Select Stocks & Shares ISA and pay this charge to the HM Customs & Revenue.
Please remember the value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested. If you're in any doubt about the suitability of any of our products, or whether to buy or sell shares, you should consult an appropriate Financial Adviser.
