Share Dealing ISA

A Share Dealing ISA allows you to buy and sell a range of investments tax-efficiently. With an ISA you’ll pay no Income Tax on dividends or Capital Gains Tax on any potential profit.

Take the sting out of buying funds

£1.50 dealing commission per trade to buy or sell funds online. All our funds have 0% initial charge (an ongoing charge is payable directly to the fund manager and is available on the fund’s KIID).

Tax efficient investing

Any profit made is exempt from Capital Gains Tax and you won’t pay UK tax on any income from dividendsThis is a payment made from a company to the people who have bought and hold their shares on a set date, usually when a company has made a profit..

Easy to switch

Log on and complete the online transfer form. Once your transfer is complete you will be able to see your investments online straight away, we'll also send you a letter to let you know.

Get rewarded when you transfer

If you have investments or ISAs elsewhere, now could be a good time to transfer. At Lloyds Bank, you could get up to £1,000 cashback when you transfer £5,000 or more to our Share Dealing ISA or Share Dealing Account by 31 January 2023.

Capital at risk. Account fees and other charges apply. Offer terms apply.

More about the offer

What is a Share Dealing ISA?

Each tax year you are given an allowance (£20,000 this tax year) to save or invest in an ISA. If you invest your money then it will be completely free from UK tax including any profit you make. Tax treatment depends on individual circumstances and may be subject to change.

If you choose to invest some or all of your ISA allowance with Lloyds Bank we have a wide range of stocks and sharesA share is simply a unit of ownership. If you own a share, you own a stake in a particular company. Shares are listed on a stock exchange and the price of all shares will fluctuate throughout the day. from both the UK (including AIM stocks) and on six international markets, you can also invest in fundsFunds are managed by professionals and pool investors' money together and invest on their behalf. Since your investment can be spread over a range of different stock markets, sectors and investment types, the risk involved may be reduced., bonds, giltsBonds and gilts are created by companies or governments for investors as a way of raising money. When you invest in a bond or gilt you’re lending money to the company or government for a fixed period in return for a fixed rate of interest. and more.

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.

What charges do I pay?



Account admin charge

£20 per six months (covers your Share Dealing Account and ISA) taken April and October each year


Real-time online UK trades

£11 dealing commission per online trade


Frequent trader dealing commission

£8 dealing commission when you trade 8 or more times per quarter


Buying or selling funds

£1.50 dealing commission per online trade


International online trading

£0 dealing commission, 1% foreign exchange rate


Scheduled regular investments

£1.50 dealing commission per online trade


Telephone trading 

£35 dealing commission per trade 

Please note, if you open your account between the payment dates the six-monthly admin charge will be taken from the following payment date.

The table above includes the dealing commission and account charges you’ll pay as standard. If you invest in a fund you will 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.

Please remember that the value of investments and the income from them can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. Tax treatment depends on individual circumstances and may be subject to change in the future.

Understanding a Share Dealing ISA

  • Lloyds Bank Share Dealing ISAs are not flexible ISAs, so money you withdraw then pay back in during the same tax year will count towards your £20,000 ISA allowance.
  • You can only subscribe to one Share Dealing ISA per tax year.
  • When opening a Share Dealing ISA, a separate Share Dealing Account will automatically be opened for you. 

Ready to apply for a Share Dealing ISA?

New to Share Dealing?

Start your 2022/23 Share Dealing ISA. You will just need your address, debit card details and national insurance number to hand.

Open an ISA

Terms and conditions (PDF, 377 KB)

Already a Share Dealing customer?

Simply log on to apply. Once you’ve accessed your Share Dealing Account, click on ‘Open a new account’ in the right-hand navigation.

Log on to Share Dealing
Log on to Internet Banking

We’re making some changes to our Share Dealing Terms and Conditions. View the new terms (PDF, 565 KB) (effective from 9th January 2023)

Need a little more information? Our Investing quick guide (PDF, 2.4 MB) could help you.

FSCS protected logo

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.

Important share dealing information