Why invest in a Stocks and Shares ISA?
What is a Stocks and Shares ISA?
A Stocks and Shares ISA (Individual Savings Account) is an investment ISA. It’s often seen as a popular way to invest because of its tax-free benefits.
How does a Stocks and Shares ISA work?
Each tax year (6 April one year to 5 April the next), you get an ISA allowance. For this tax year, it’s £20,000. So, if you invest up to this amount into a Stocks and Shares ISA, you won’t pay tax on any returns you make.
Is a Stocks and Shares ISA right for you?
Investing into a Stocks and Shares ISA over time could have a positive impact on your overall investment return. You need to be prepared to invest your money for a least five years and feel comfortable with some risk to your money.
How do I open a Stocks and Shares ISA through Skipton?
When it comes to getting the most from your Stocks and Shares ISA, it’s all about choosing the right one for you. But with so many options available, this isn’t easy.
Instead of doing this on your own, we’re here to support you.
- Our in-house team of research experts assess the market to develop a panel of investment options.
- We’ll listen carefully to what you want from your money – and use our investment panel to recommend a Stocks and Shares ISA suited to your unique situation and goals.
Through a no obligation review with a financial adviser:
- Hear tailored recommendations suited to your needs.
- Invest at a level of risk you’re comfortable with.
- Discover more about Stocks and Shares ISA rules.
There’s no upfront cost to have a review with us. You’ll only pay a charge if you decide to act on our advice – and there’s no pressure at all to take a recommendation.
How much money do I need to invest through Skipton?
Unlike many banks and building societies, you only need £20,000 to invest through Skipton – or be able to invest £500 each month.
Stock market based investments are not like Building Society savings accounts. The value of your investments and any income can go down or up and you may get back less than you invest.
The way your investment is taxed depends on personal circumstances. Tax rules may change in the future.
