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Stocks and Shares ISA
Open a Stocks and Shares ISA with Halifax and start investing today.
How will it work?
Why invest with Halifax?
Simple prices
- Our annual fee is just £36, no matter the size of your portfolio.
- Zero commission on international online trading (1.25% foreign exchange rate still applies).
What charges do I pay?
We want to keep you in the know. That’s why we’re always transparent about our costs. Below are the dealing commission and account charges you'll pay as standard.
|
Type of charges |
What you’ll pay |
|---|---|
|
Type of charges Customer admin fee |
What you’ll pay You can hold an ISA and a Share Dealing Account, all for a single charge of £36 a year (£3 a month) |
|
Type of charges Real-time online UK trades |
What you’ll pay £9.50 dealing commission per trade |
|
Type of charges Fund trades |
What you’ll pay £9.50 online dealing commission per trade |
|
Type of charges International online trading |
What you’ll pay £0 dealing commission, 1.25% foreign exchange rate |
|
Type of charges Scheduled regular investments |
What you’ll pay Commission-free |
|
Type of charges Telephone trading |
What you’ll pay £25 dealing commission per trade |
If you invest in a fund, you’ll also pay an ongoing charge directly to the fund manager. You may also pay government taxes and levies depending on the investment you choose. For full details, please read our Charges.
Understanding a Stocks and Shares ISA
Making withdrawals
Halifax Stocks and Shares ISAs are not flexible ISAs. Any money you withdraw then pay back in during the same tax year will count towards your ISA allowance.
You’ll need a Share Dealing Account
When opening a Stocks and Shares ISA, a separate Share Dealing Account will automatically open for you. This could be a good way of investing if you’ve used up your ISA allowance.
Your ISA limits
You can invest up to £20,000 in your Halifax Stocks & Shares ISA less any subscriptions made to other permitted types of ISAs, in the current tax year. You can only subscribe to one Stocks & Shares ISA per tax year.
Free from UK tax
Investing in a Stocks and Shares ISA means you pay no UK tax on any potential income or gains.
Ready to apply for a Stocks and Shares ISA?
Frequently asked questions
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You can have more than one Stocks and Shares ISA, but you may only pay into one of them each tax year. You are allowed to have other permitted types of ISAs at the same time. However, you can only pay into one of each type of ISA in a tax year (subject to the annual ISA allowance).
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No, that’s one of the best things about a Stocks and Shares ISA. Any dividends and interest payments from your shares are completely tax-free. You also won’t need to pay Capital Gains Tax on any gains from your investments. If you do earn any interest, this will also be free from tax.
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Yes, you can. When you transfer, the cash will stay in your account until you choose to invest it. You can transfer an existing Halifax cash ISA or a cash ISA from another provider to one of our Stocks and Shares ISAs.
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As with all investments, there is risk involved with a Stocks and Shares ISA. It’s important to remember that the value of investments and the income from them can fall as well as rise. Before taking out any investment product, you’ll need to be clear with how you feel about risk and how able you are to take losses.
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A dividend is a payment made from a company to those who have bought and hold their shares, on a set date, usually when a company has made a profit.
If you do not invest within an ISA, you may pay tax on any amount over the dividend allowance, which is currently £2,000.
However, following the Chancellor’s Autumn Statement, the dividend allowance will change to £1,000 in April 2023. It will be further reduced to £500 from April 2024.
But don’t worry, if you are investing through an ISA, you are protected from this tax. If you’re not investing through an ISA, you can open one today.
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Capital Gains Tax is tax you pay on any gains you’ve made from selling assets, such as shares. The current allowance is £12,300, and you may have to pay tax on any gains above this amount.
Following the Chancellor’s Autumn Statement, the Capital Gains Tax (CGT) allowance will drop to £6,000 from April 2023. A further reduction to £3,000 will take place from April 2024.
If you invest through an ISA, you will not pay this tax on any gains made through your investments. If you are not investing through an ISA, you can open one today.
If your question hasn’t been answered, take a look at our help and guidance page for further information and support.
Investments with Halifax Share Dealing Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme. This limit is applied to the aggregated total of any stock or cash held across the following brands which we administer.
This is in addition to any other savings deposits you may hold across Lloyds Banking Group.