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Tax year end and our Share Dealing ISA

Frequently asked questions about our Share Dealing ISA, including information you need to know at tax year end.

About our Share Dealing ISA

With a share dealing ISA you can save tax-efficiently.

  • Invest up to £20,000, less any amount you’ve invested in a lifetime, cash and/or innovative finance ISA this tax year.
  • Invest your money in a wide range of ISA qualifying UK and international stocks and shares, funds and more. You also decide exactly what to invest in because our ISA is self-select.
  • Start investing online from £11 dealing commission per deal, and benefit from our reduced rate of £8 dealing commission if you trade online 8 or more times per quarter.

Please note: Tax treatment depends on your individual circumstances and tax rules may change. We charge an administration charge on the Share Dealing ISA of £20 every six months. View our dealing commission and administration charges.

Keep in mind

The value of your investments, and the income you get from them, can go down as well as up. When you trade shares there is a chance you will get back less than you originally invested. For international/overseas based investments, this can also happen as a result of exchange rate fluctuations.

We don't 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

Subscribe online in 3 simple steps

  1. Log in
  2. Select 'Account management' from the menu on the right-hand side
  3. Follow the on screen instructions to fund your account

Log on

Not registered? Learn how to apply

  • The tax year runs from 6th April each year and the government allows you to invest in a tax-efficient product called an ISA, or Individual Savings Account. The maximum amount you can invest in the current tax year is £20,000.

    You can choose to invest your full allowance into a cash ISA, a share dealing ISA, or an innovative finance ISA or any combination of the three.

    Alternatively you can split your allowance by investing up to £4,000 in a Lifetime ISA and the remaining allowance between any combination of the other three types of ISA, as long as you don’t exceed £20,000 in total across your ISAs.

  • A Cash ISA (for saving), or a Share Dealing ISA (for investing), both provide a tax-efficient way to save or invest your money.

    A Cash ISA allows you to save without the worry of paying tax on any interest you earn, whereas the Share Dealing ISA will allow you to invest in shares, funds and other investments without having to pay capital gains or personal income tax.

  • You can apply for a Share Dealing ISA if:

    • you’re aged 18 or older
    • you’re a resident in the UK
    • you haven’t already invested in a stocks & shares ISA this tax year
    • you haven’t fully used your ISA allowance for this tax year
    • you have your National Insurance number to hand

    Please also make sure you read and understand the below important documents:

    Apply online now and you could be trading within minutes - please note further documentation may be required to complete your application.

  • Before you start your application please make sure you have the following information to hand:

    • Your address details for the last three years
    • Your bank sort code and account number
    • The debit card details for the bank account you’re registering with us. (Credit cards are not accepted)
    • Your National Insurance Number

    Please note: We will hold an additional £1 in your bank account as a pre-authorisation check. We will not debit this from your account, however it will be temporally unavailable to spend.

  • If you meet all our requirements in your online application you'll be able to trade straight away.

    We will attempt to verify your identity electronically as part of the registration process, however if this isn’t possible, you’ll need to provide original or certified copies of documents from the below list.

    You will need to send us one document from the proof of identity list and one document from the proof of address list. You cannot use the same identification as both proof of identity and address. All forms of ID must not have expired and letters must meet the minimum received date stated.

    Proof of identity:

    • Passport with signature.
    • UK photo card full driving licence with signature.
    • UK full paper driving licence with signature.
    • UK photo card style provisional driving licence with signature.
    • EU/EEA driving licence with photograph and signature - must be issued by a member state of the EU/EEA.
      Firearms certificate.
    • Northern Ireland voters card (aka Electoral Identity Card).
    • EEA or equivalent jurisdiction National Identity card with photograph and signature.
    • Blue disabled driver’s pass – UK only, unexpired and needs to bear a passport-sized photograph, name and signature, expiry date and issuer details.
    • Biometric residence permit – issued by the Home Office.
    • UK benefits/state pension notification letters – must be from an official source, i.e. Job Centre Plus or Department for Work and Pensions / Local Authority, confirming the rights to a benefit. The letter must be dated within the last 12 months or current benefits period.
    • HM Revenue and Customs tax notification – must be an HMRC tax notification e.g. statement of account, notice of coding relating to the current year. P45s or P60s are not acceptable as these are not official HMRC documents.

    Proof of address:

    • Utility bill dated within the last 3 months. Utility bills printed from the internet, mobile phone, broadband or internet provider bills, and any reminders or arrears letters are not acceptable.
    • Council tax demand letter or statement valid for the current year or less than 12 months old. Reminders and arrears letters are not acceptable.
    • UK photo card full driving licence with signature.
    • UK full paper driving licence with signature.
    • Unexpired EU/EEA driving licence with photograph and signature - must be issued by a member state of the EU/EEA.
    • Bank or building society statement – must be issued by a regulated financial sector firm in the UK, EU or equivalent jurisdiction and dated and showing transactions within the last 3 months. Statements showing interest only or carry forward balances are not acceptable – those printed from the internet or ISA statements are not acceptable.
    • Mortgage statement - must be issued by a regulated financial sector firm in the UK, EU or equivalent jurisdiction and dated within the last 12 months. Those printed from the internet are not acceptable.
    • HM Revenue and Customs correspondence - issued within the last 5 months and including 10 digit tax reference or NI number. P45s or P60s are not acceptable as these are not official HMRC documents.
    • UK Benefits/state pension notification letters – must be from an official source, i.e. Job Centre Plus or Department for Work and Pensions / Local Authority, confirming the rights to a benefit. The letter must be dated within the last 12 months or current benefit period.
    • Solicitors' correspondence - confirming a house purchase in the last 3 months and dated in that period.

    Please note: We will also send you a temporary password to your registered address with full instructions on how to complete the final stage of registration.

  • With Lloyds Bank Share Dealing you can choose from a wide range of investment options, each with their own features and risks. Before deciding where to invest, it’s important to remember that the value of all stock market investments can fall as well as rise so make sure you understand the risks involved.

    You are eligible to trade all investments on our Shares Centre or Funds Centre which show as ISA eligible.

  • We charge an administration charge on the Share Dealing ISA of £20 every six months. Dealing commission also applies for each trade that you make. Where an ISA administration charge applies, we will usually collect this from your share dealing account.

    View our dealing and administration charges page.

  • If you already have a Lloyds Bank Share Dealing ISA, you do not need to open a new account. All you need to do is fund your ISA at any point in the existing, or new tax year to subscribe. You can only subscribe into one stocks and shares ISA for the tax year.

    If you’d like to fund your Share Dealing ISA this can be done in a few simple steps.

    Step 1 - Log on to your share dealing account.

    Step 2 - Click ‘Account Management’ in the right-hand navigation.

    Step 3 - You will then be taken to our ‘Fund & Withdraw’ page where you can follow the on screen instructions to transfer money into your Lloyds Bank Share Dealing ISA.

    Please note: This page will automatically load your default account. If your default account is not your ISA you will need to click on ‘view another account’ which is found towards the top right hand corner of the page.

    If you fund your Lloyds Bank Share Dealing ISA with a large amount your bank may prevent this transaction. Banks will do this when they believe an individual or multiple transactions are out of character with your usual spending habits - if this happens, please contact your bank.

Managing your account

Help with transferring

  • Our transfer page will guide you through the steps of transferring either your cash and/or stocks and shares ISA to us in a few simple steps.

  • It isn’t possible to directly transfer a certificate into your ISA unless it has come from an approved HMRC scheme/plan (see Transferring shares from an HMRC approved scheme/plan).

    Follow the below steps to transfer the shares into your Stocks and Shares ISA:

    Step 1 - Open a Lloyds Bank Share Dealing Account and a Lloyds Bank Share Dealing ISA.

    Step 2 - Deposit the share certificate into the Lloyds Bank Share Dealing Account. This takes approximately 10 working days.

    Step 3 - Once the shares are showing in your Lloyds Bank Share Dealing Account, you can sell your shares by calling us on 0345 606 0560. (Calls will be monitored and recorded. Call costs may vary depending on your service provider). We will automatically transfer the sale proceeds into your Lloyds Bank Share Dealing ISA. You can then invest in any ISA eligible stock.

    Please note: Telephone dealing commission is £35 per deal. If you are completing a sale and repurchase over the phone we’ll waive the purchase dealing commission. Selling stock may trigger an event for Capital Gains Tax purposes.

  • Our transfer page will guide you through the steps of transferring either your cash and/or stocks and shares ISA to us in a few simple steps.

  • To transfer shares to someone else please contact one of our agents on 0345 60 60 560. (Calls will be monitored and recorded. Call costs may vary depending on your service provider). Please ensure you have their account code.

    Please note:

    • This can take up to 10 working days to transfer.
    • You can only transfer shares into your ISA if they are not already held within another person’s ISA.
    • Where an ISA holder died on, or after, 3rd December 2014, their surviving spouse or civil partner can inherit their ISA tax benefits. You can find more information in Bereavement Help.

Tax year end - ISA rules and regulations

  • Each year the Government allows you to invest in a tax-efficient product called an ISA, or Individual Savings Account. The maximum amount you can invest in the current tax year is £20,000. You can choose to invest your full allowance into a cash ISA, a share dealing ISA, or an innovative finance ISA or any combination of the three.

    Alternatively you can split your allowance by investing up to £4,000 in a Lifetime ISA and the remaining allowance between any combination of the other three types of ISA, as long as you don’t exceed £20,000 in total across your ISAs.

  • An ISA declaration is required by HMRC, this is to ensure that when you apply for an ISA you are aware of the current ISA rules and regulations. This is also required if no subscription has been made to the ISA in the previous tax year.

  • The tax year runs from 6th April to 5th April every year. On 6th April you will be allocated the new tax year's ISA subscription allowance.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Important share dealing information