Important information: The value of your investments can go down as well as up and you may get back less than you invest. ISA eligibility rules apply. Tax treatment depends on personal circumstances and current rules may change.
Why invest in a stocks and shares ISA?
An ISA, or Individual Savings Account, is a tax-efficient investment account that allows you to put money into a wide range of investments, from individual stocks and shares to funds, bonds and ETFs.
Read more here. For more details, check our guide on what is a stocks and shares ISA.
No UK dividend or capital gains tax on your investments.
Annual ISA allowance
Your annual ISA allowance for the 2023/24 tax year is £20,000.
Long term investment
Watch your money grow with interest income, dividends and capital gains accrued, tax-free over time.
Less tax admin and hassle.
Why open an ISA with Freetrade?
Pay no commission for buying or selling stocks.
Fast, friendly customer support when you need it.
Over 6,000 stocks and ETFs
Choose from thousands of UK, US and European stocks, ETFs and investment trusts. See our full list here.
Low, fixed costs
With low monthly fees, your investments can grow without your fees growing too. Get an ISA from as little as £5.99 per month on the Standard plan.
*Other charges apply. See our full pricing table.
What can I invest in?
US, UK and European stocks
Invest in thousands of companies listed various global exchanges.
Choose from a wide range of exchange-traded funds covering index funds, stock and bond ETFs.
Diversify your investments with REITs to add residential or commercial real estate assets to your portfolio.
Choose from over 150 investment trusts to diversify your portfolio.
Comparison Disclosure ⓘ
Comparisons to other stocks and shares ISA providers are based on published costs on their websites as of 5 July 2022, for a portfolio size of £5,000 and trades on shares and ETFs within a stocks and shares ISA.
ISA charges 0.45% of the value of shares in your account, capped at £45/year. Fee per trade reduces depending on the number of trades in the previous month to £8.95 per trade for 10-19 trades, and £5.95 for 20 or more trades. The first £5,000 of a transaction is charged an FX fee of 1%, the next £5,000 is charged an FX fee of 0.75%, the next £10,000 is charged an FX fee of 0.50% and anything above £20,000 is charged an FX fee of 0.25%.
Based on the Investor Essentials plan, which allows for a maximum portfolio size of £50,000 and charges a £4.99 monthly. For portfolios above £50,000, customers are automatically moved on to the Investor Plan, with a £11.99 monthly account fee. FX reduces to 1.25% for trades between £25,000 - £49,999, 1% for £50,000 - £99,999.99, 0.5% for £100,000 - £599,999 are 0.5%, and 0.25% for £600,000 - £999,999.99.
ISA charges 0.25% of the value of the shares in your account, max £3.50 per month. Each trade of shares and ETFs is £9.95. Fee per trade reduces to £4.95 when 10 or more trades done in the previous month. FX fee reduces on a tiered scale, based on transaction value: for the first £10,000 is 0.75%, £10,001 - £20,000 is 0.50%, and 0.25% for over £20,000.
How to open a Freetrade Stocks and Shares ISA
It only takes a couple of minutes to open an ISA with Freetrade. Start by downloading the Freetrade app, then follow the steps below.
Tap on the profile icon at the top right of your app screen.
Upgrade to our Standard or Plus plan for a monthly fee. Compare our plans here.
Follow the in-app steps to upgrade your plan and open your ISA account.
An ISA, or Individual Savings Account, is a tax-efficient savings or investment account that allows you to put money into a wide range of investments, from individual stocks and shares to funds, bonds and ETFs. This type of account is also known as a ‘tax wrapper’ and essentially allows you to be exempt from paying income, capital gains and dividend tax when you place up to £20,000 into your ISA account. Learn more about ISA and how they work with our stocks and shares ISA guide.
You can pay into one stocks and shares ISA account in each tax year, so if you opened one already, you wouldn’t be able to open one until the new tax year starts. You can, however, transfer your existing stocks and shares ISA over from a different ISA provider. Understand how to make the most of your various ISAs with our guide on how many ISAs you can have.
Your annual ISA allowance for the 2023/24 tax year (which runs 6 April 2023 to 5 April 2024) is £20,000. This means you can put up to a total of £20,000 into one or multiple ISA accounts (eg. LISA, cash ISA, stocks and shares ISA), and you would be exempt from paying income, capital gains and dividend tax on any gains you make. Make sure you use your allowance by the end of the tax year on 5 April each year. Any unused allowance won’t be carried over to the following tax year, so you lose it forever if you don’t use it. To find out more on how to use your yearly allowance efficiently, check our guide on ISA allowance.
To transfer your stocks and shares ISA from another provider to Freetrade, you just need to complete a form, and we will do the rest for you. The transfer process might take four to six weeks, but we will let you know when it’s all completed.
You’ll need to be 18 years of age or over and a UK resident to open an investment ISA. If you’ve already opened a stocks and shares ISA in the current tax year, you won’t be eligible for a new account. You can’t open a stocks and shares ISA for someone else.
You don’t need thousands of pounds to open an ISA account. If you want to open a stocks and shares ISA with Freetrade, you can start from £2.
Yes, you can hold more than one ISA at once, so you can have multiple cash ISAs or stocks and shares ISAs with different providers. However, each tax year you can only open or contribute to one of each type of ISA account. Your yearly allowance will be split across these accounts.
If you wish to transfer your existing ISA to a different provider during the tax year, you will be able to do so; just watch out for any transfer out fees that might apply.
No, you can’t transfer stocks you already hold in a regular brokerage account into an investment ISA. To get the tax benefits that come with an ISA, you have to deposit money into one and then invest it. This means anyone who holds stocks and shares in a regular brokerage account will have to carry out bed and ISA transactions if they want to move them into a stocks and shares ISA.
The simple answer is yes!
Investment ISA, share dealing ISA and trading ISA are just other names for a stocks and shares ISA. All four investment accounts offer a tax-efficient home for your investments. Tax rules for ISA accounts can change and their benefits depend on your circumstances.
You can invest in a wide range of instruments, including stocks and shares, ETFs or investment trusts.
There are lots of DIY ISA platforms in the UK. When it comes to finding the best stocks and shares ISA provider, the answer is the one that suits your needs the best. We all have different aims when we invest and we also have different different requirements from an ISA provider. People tend to compare ISA platforms on cost, investment choice, education and whether the ISA provider is app or web-based.