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Share Dealing ISA
The new tax year means a new £20,000 ISA allowance, this can be used across all ISA types including our Share Dealing ISA.
Benefits
- Invest up to £20,000 every tax year.
- Create and control your own portfolio.
- Free regular investments.
- ETF Quicklist and investment tools.
- All profits are free from Capital Gains and UK Income Tax.
How will it work?
You choose
Choose from a variety of investments options, including UK and international shares, Exchange Traded Funds (ETFs), funds, bonds and gilts.
You invest
Invest up to £20,000 a year free from Capital Gains or UK Income Tax.
You trade
Only £1.50 commission when buying or selling funds online or trade regularly for free with our Regular investment plan.
You're in control
Invest a lump sum at any time, or small amounts on a monthly basis - whatever works for you.
All in one place
With the Mobile Banking app, you can manage your investments alongside your everyday banking.
Easy to switch
There's never been a better time to transfer
What charges do I pay?
Our Share Dealing ISA administration charges are simple.
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Admin charge |
A six month administration charge of £20.00 applies every April and October (This charge is waived for Private Banking customers, please speak with your Relationship Manager). Accounts opened at other times will be charged from the next payment date. This charge does not apply to 18-25 year olds. |
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Commission charges |
Buy or sell online: Funds £1.50 International Shares £0 (1% FX rate applies) All other online investments £11.00 (£10.00 for Private Banking customers) Pay no commission on investments with our Regular investment plan. |
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Frequent trader? |
£8.00 online dealing commission when you trade 8 or more times per quarter. |
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Additional charges |
There are additional charges for trading and other services. For full details, please read our Charges page. |
Please note, if you open your account between payment dates, the six monthly admin charge will be collected from the following payment date.
The table includes the dealing commission and account charges you'll pay as standard. If you invest in a fund, you'll also pay an ongoing charge directly to the fund manager. You may also pay government taxes and levies depending on the investment you choose.
Ready to apply for a Share Dealing ISA?
I'm new to Share Dealing
If you want to get started, you'll need your address, debit card details and national insurance number. This can be set up in minutes.
I already invest with Lloyds Bank
Log on to apply. Once you've accessed your account, click on ‘Open a new account’ in the right-hand navigation.
You can also use your Mobile Banking app to check your investments.
Frequently asked questions?
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Yes, from 6 April 2024 you can subscribe to more than one of any type of ISA including Stocks and Shares ISAs (except for Lifetime ISAs). Just remember to stay within the yearly tax-free ISA allowance.
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No, that’s one of the best things about a Share Dealing ISA. Any dividends and interest payments from your shares are free from UK Income tax. You also won’t need to pay Capital Gains Tax on any gains from your investments.
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Yes, you can. When you transfer, the cash will stay in your account until you choose to invest it. You can transfer an existing Lloyds Bank cash ISA or a cash ISA from another provider to one of our Share Dealing ISAs.
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As with all investments, there is risk involved with a Share Dealing ISA. It’s important to remember that the value of investments and the income from them can fall and rise. Before taking out any investment product, you’ll need to be clear with how you feel about risk and how able you are to take losses.
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A dividend is a payment made from a company to those who have bought and hold their shares, on a set date, usually when a company has made a profit.
If you do not invest within an ISA, you may pay tax on any amount over the dividend allowance. -
Capital Gains Tax is tax you pay on any gains you’ve made from selling assets, such as shares.
If you invest through an ISA, you will not pay this tax on any gains made through your investments.
Learn the basics of investing
What is Investing
Our simple 5-step guide helps you decide if investing works for you.
Understanding risk
Understand what investment risk is and how to manage it for your investments.
What is an ETF?
Learn about ETFs and how they can help you start investing today.
Financial Services Compensation Scheme
Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
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 under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
