Share Dealing ISA

At a glance

  • No capital gains tax to pay on any profit you make within your ISA
  • Tax free income from corporate bonds and gilts
  • Higher and additional rate tax payers don’t have to pay the extra 22.5% higher rate tax or 27.5% additional rate tax on gross dividends from shares held in ISAs
  • You can withdraw the capital or income at any time
  • No need to include ISA details in your tax return
  • Six-monthly admin fee of 0.25% of the value of your ISA plus VAT (minimum charge of £12.50 plus VAT, maximum of £60 plus VAT) – commission and charges for other services also apply
  • Available to UK residents aged 18 or over

About Share Dealing ISAs

Stocks and shares ISAs are one of the most flexible and tax efficient ways to invest in the UK and global stock markets.

Everyone who is aged 18 or over and UK resident for tax purposes receives an annual stocks and shares ISA allowance from the government, which can only be used within the tax year. Once a tax year is over, you can't go back and use your allowance retrospectively. 

The ISA limit for the current tax year is £11,880. You can choose to invest your full allowance into a Stocks & Shares ISA or alternatively you can split your allowance between a Cash ISA and a Stocks & Shares ISA, as long as no more than £5,940 is saved in a Cash ISA in any one tax year and the overall ISA allowance is not exceeded. For example, if you invest £10,000 into your Stocks & Shares ISA you must save no more than £1,880 in a Cash ISA.

Tax treatment depends on individual circumstances and may change in the future.

Share Dealing ISA

With our Share Dealing ISA, you choose the investments you want in your portfolio and manage your account online. You can build an ISA portfolio quickly and easily with the help of our online tools.

Take advantage of your annual ISA allowance. Open a Share Dealing ISA today.

Our share dealing service does not provide advice so if you are in any doubt about buying and selling shares, or making your own investment decisions, we recommend you seek advice from a suitably qualified Financial Adviser. Please remember the value of an investment and the income from it can go down as well as up and you may get back less than you originally invested.

Our Share Dealing ISA is easy to manage and offers great benefits.

Flexibility and choice

  • Select from a variety of investments, including shares, gilts, bonds and funds
  • Invest in UK and global markets

Speed and convenience

  • Deal online or by phone when the market is open and access your account online whenever you want
  • See all your investments on one page and manage them easily with a single log in
  • You can also link your Direct Debit to a Regular Investment plan to build up your holdings every month.

Savings and simple fees

  • Get a free Share Dealing Account, saving you up to £32 a year (based on the six-monthly account charge, so you can manage other easily
  • Switch your existing ISA to us and manage all your investments under one roof
  • Free TradePlans to give you control over your dealing
  • Make online trades for only £15, no matter how big your trade, with our simple and clear charges.

If you hold a Stocks & Shares ISA with another ISA manager, you can get all the great benefits of the Lloyds Bank Direct Investments service by transferring your ISA to us.

Once you’ve opened a Share Dealing ISA, download and complete the ISA manager transfer form.

  • You will be unable to trade any stocks being deposited into your account whilst the transfer is pending and we accept no liability for any loss of trading opportunity during the transfer
  • We strive to ensure every transfer is completed as quickly as possible however the timescale is largely dependent on your existing ISA manager and the registrars of each stock held – the process may take several weeks to complete
  • Your existing ISA manager may charge you a transfer fee.

Please ensure that you read any notes which may accompany the form, then sign it and return it to the address provided on the form.

Our straightforward rates and charges mean you can choose the services you need and focus on your portfolio.

The ISA allowance is set for each tax year, which runs from 6 April to 5 April the next year.

ISA allowances for 2014/2015 tax year (6 April to 5 April)

Overall ISA limit*
£11,880
Stocks and shares ISA maximum
£11,880
Cash ISA maximum £5,940

* You can invest up to £5,940  in a cash ISA, with the balance of your total ISA allowance being available to invest in a stocks and shares ISA.

You need to be a UK resident aged 18 or over to apply for a Share Dealing ISA.

Opening an account online is quick and easy – you could be dealing within minutes. Please note that further documentation may be required to complete your application.

You’ll need your bank details and debit card to hand to complete your application.

You will need to pass standard checks.

Already have a Lloyds Bank Share Dealing Account?

It’s easy to open a Share Dealing ISA. All you need to do is log on, click on 'Account Management' on the right-hand menu and 'Add a Product'.

 

Call us for help

If you need help, please call us on 0845 60 60 560 (8am–9:15pm Mon–Fri, 9am–1pm Sat). If you need to call us from abroad, or prefer not to use the 0845 number, you can call us on +44 (0) 113 279 7518.

Glossary

Corporate Actions

A Corporate Action refers to any alteration to a company's share capital or a distribution of benefits. A Corporate Action might come about as a result of a takeover or merger, capital reorganisation, dividend or rights issue.

Fund

A pool of money, usually from many investors, which makes investments based on a particular set of rules and aims. For example, one fund might aim to grow fast by investing in small, high-risk companies while another might simply aim to track the performance of the FTSE 100 Index.

ISA

Individual Savings Accounts are a flexible, tax-efficient way to invest in cash, stocks and shares (including unit trusts, OEICs and investment trusts) and life insurance. You can save up to £11,280 this tax year (2012–2013), of which a maximum of £5,640  can be saved in a cash ISA. A tax year runs from 6 April to 5 April. See ISA products

Ways to apply

Online

Take advantage your annual ISA allowance with a Share Dealing ISA

    On the phone

    Call us if you need help

    0845 60 60 560

    Lines are open Monday-Friday, 8am-9:15pm, 9am-1pm Saturday. If you need to call us from abroad, or prefer not to use the 0845 number, you can call us on +44 (0) 113 279 7518.

    Calls are recorded and charges may apply.

      Not the ISA for you?

      We offer other ISAs that may better suit your needs.