Share Dealing ISA
Open a Share Dealing ISA with Lloyds and start investing today.
How will it work?
Why invest with Lloyds?
What charges do I pay?
Our Share Dealing ISA administration charges are simple. Please make sure you read and understand the following charges before opening an account.
How do they compare?
|
Charge type |
What you’ll pay |
|---|---|
Charge typeAccount admin charge |
What you’ll pay£20 per six months (covers your Share Dealing Account and ISA) taken April and October each year |
Charge typeReal-time online UK trades |
What you’ll pay£11 dealing commission per online trade |
Charge typeFrequent trader dealing commission |
What you’ll pay£8 dealing commission when you trade eight or more times per quarter. |
Charge typeBuying or selling funds |
What you’ll pay£1.50 dealing commission per online trade |
Charge typeInternational online trading |
What you’ll pay£0 dealing commission, 1% foreign exchange rate |
Charge typeScheduled regular investments |
What you’ll pay£1.50 dealing commission per online trade |
Charge typeTelephone trading |
What you’ll pay£35 dealing commission per trade |
Please note, if you open your account between payment dates, the six-monthly admin charge will be taken 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. For full details, please read our Charges page.
Ready to apply for a Share Dealing ISA?
Frequently asked questions
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You can have more than one Share Dealing ISA, but you may only pay into one of them each tax year. You are allowed to have other permitted types of ISAs at the same time, but you can only pay into one of each type of ISA in a tax year (subject to the annual 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 completely tax-free. You also won’t need to pay Capital Gains Tax on any gains from your investments. If you do earn any interest, this will also be free from tax.
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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.
Learn more about transferring your ISA
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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 as well as 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.
Learn more about investment risk
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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, which is currently £2,000.
However, following the Chancellor’s Autumn Statement, the dividend allowance will change to £1,000 in April 2023. It will be further reduced to £500 from April 2024.
But don’t worry, if you are investing through an ISA, you are protected from this tax. If you’re not investing through an ISA, you can open one today.
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Capital Gains Tax is tax you pay on any gains you’ve made from selling assets, such as shares. The current allowance is £12,300, and you will have to pay tax on any gains above this amount.
Following the Chancellor’s Autumn Statement, the Capital Gains Tax (CGT) allowance will drop to £6,000 from April 2023. A further reduction to £3,000 will take place from April 2024.
If you invest through an ISA, you will not pay this tax on any gains made through your investments. If you are not investing through an ISA, you can open one today.
Find out more about Capital Gain Tax.
If your question hasn’t been answered, take a look at our help and guidance page for further information and support.
Investments with Lloyds Bank Direct Investments are protected up to a total of £85,000 by the Financial Services Compensation Scheme. This limit is applied to the aggregated total of any stock or cash held across the following brands which we administer.
This is in addition to any other savings deposits you may hold across Lloyds Banking Group.
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.