No UK capital gains or income tax on your investments.
Watch your money grow with income, dividends and capital gains accrued, tax-free over time.
Your annual ISA allowance for the 2022/23 tax year is £20,000.
Less tax admin and hassle.
Why open an ISA account with Freetrade?
*Other charges, like foreign exchange (FX) fees, may apply. See our full pricing table.
Investments for a stocks and shares ISA
US and UK stocks
Invest in thousands of NYSE, NASDAQ and London Stock Exchange-listed companies across many sectors such as tech, energy, consumer staples or healthcare.
Choose from a wide range of exchange-traded funds covering index funds, stock and bond ETFs from providers like Vanguard, iShares and Invesco, as well as HSBC and Xtrackers.
Diversify your investments with REITs, which allow you to add residential or commercial real estate assets to your portfolio without the hassle of buying and managing the properties yourself.
Choose from over 150 investment trusts to diversify your portfolio across a wide range of sectors, geographical areas and markets worldwide.
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. FX fee reduces to 0.75% after the first trade of £5,000, 0.5% for the next £10,000 and to 0.25% for over £20,000 value of trades.
One free trade per month, then £7.99 per trade. FX fee reduces on a tiered scale. Trades between £25,000 - £49,999 are 1.25%, £50,000 - £99,999.99 are 1%, £100,000 - £599,999 are 0.5%, and £600,000 - £999,999.99 are 0.25%.
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.
Putting your money to work
Investing puts your money to work in companies across the world, so your long-term return with a stocks and shares ISA could be higher than a cash ISA.
And using an ISA account, your long-term returns should see much less tax than with a regular investing account.
When you invest, your capital is at risk. Tax rules for ISA accounts can change and their benefits depend on your circumstances.
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.
Choose to upgrade to our Standard or Plus plan.
Follow the in-app steps to upgrade your plan and open your ISA account.
ISAs frequently asked questions
What is a stocks and shares ISA?
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.
How many stocks and shares ISAs can I have?
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.
What is my 2022/23 ISA allowance?
Your annual ISA allowance for the 2022/23 tax year (which runs 6 April 2022 to 5 April 2023) 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.
How do I transfer my stocks and shares ISA from another provider to Freetrade?
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.
Who is eligible for a stocks and shares ISA account?
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.
What is the deadline for opening an ISA in the tax year 2022/23?
If you want to make the most out of your 2022/23 ISA allowance you have to open and contribute into an ISA account before the deadline at midnight on Wednesday 5 April 2023.
Any contributions made after this time will count towards next year's allowance, which means you could lose out.
What is the minimum amount I need to open an investment ISA?
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.
Can you hold multiple ISAs with different providers at once?
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.
Can I transfer investments from a regular brokerage account into an ISA?
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.
Stocks and shares ISA, investment ISA, share dealing ISA and trading ISA account: are they the same?
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.
How to find the best stocks and shares ISA provider for you?
There are lots of DIY ISA platforms in the UK. When it comes to finding the best stocks and shares ISA provider, the answer if 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.