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LLOYDS BANK DIRECT INVESTMENTSShare Dealing ISA

Share Dealing ISAs are one of the most flexible and tax-efficient ways to invest

Features and benefits

  • If you invest through a Share Dealing ISA you don’t have to pay tax on any income or capital gainsCloseCapital gainsA 'capital gain' is the profit you make when you sell something that’s increased in value. you’ve made on your investments.
  • Buy and sell UK and international shares and choose from over 2,000 funds to invest in online or over the phone.
  • 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.
  • Start investing online from £11 per deal, or benefit from our reduced rate of £8 if you trade online 8 or more times per quarter.
  • Reinvest share sale proceeds immediately, or withdraw the funds to your bank account within two days.
  • Use our Research Centre to get up-to-date company news and market information. You can also monitor your investments anytime and create charts and performance comparison tables.

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.
  • We don’t provide advice as part of the share dealing service. If you are in any doubt about making your own investment decisions it’s best to get advice from a qualified financial adviser.
  • You are limited on how much you can invest in an ISA each tax year. The current annual tax year allowance is £20,000.
  • 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.

Share Dealing ISAs are one of the most flexible and tax-efficient ways to invest in the UK and global stock markets. If your money is invested through an ISA you don’t have to pay tax on any income or capital gains you’ve made on your investments. However, the government sets an annual limit to the amount you can invest in an ISA, which changes every year. In this tax year the limit is £20,000.

Tax laws may change and tax treatment depends on individual circumstances.

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

At a glance
  • Deal online or by phone in shares, gilts, bonds and funds.
  • Invest in UK and global markets.
  • Manage your account online whenever you want.
  • See all your investments on one page.
  • Set up a Direct Debit to create a regular investment plan.
  • Switch your existing ISA to us.

Before you invest for the first time it is important to understand the basics. We’ve put together a guide to investments that we hope will clarify some of the broader benefits and risks.

Read our guideon the basics of investing.

You can use our market research tools to find potential investments, research markets, economies or maybe just to learn more about trading on the stock market.

What can I do on Share Centre?

  • Get share prices
  • Interact with market analysis tools
  • Read the latest stock market news
  • See the market's top risers and fallers
  • Check when dividends are paid

What can I do on Funds Centre?

  • Filter through thousands of funds with ease
  • Read the latest articles about funds
  • Compare funds against each other
  • Find out the risk rating of funds
  • Understand what investments make up your fund

What can I do on the Markets and Insights hub?

  • Check the latest headlines
  • See how world markets are performing
  • Read the latest market and company news
  • Find out the latest updates on world currencies
  • Understand what's happening on the world’s economies

You can choose from over 2,000 funds that invest across asset classes, geographical regions and sectors.

You can:

  • access a wide range of funds through your Share Dealing Account
  • enjoy low initial charges of only 0.5% with most fund managers
  • search by asset class, geographical region or sector

Find out moreabout the Funds supermarket

Our share dealing guides cover a variety of topics, from the basics of investing to information on investment risk and financial planning.

New to share dealing

Understanding risk

Investment products explained

Jargon buster

Whether you want to make a substantial investment in one go or invest a little every month, you can add money to your Share Dealing Account in one of three ways:

  1. Debit card: Make immediate payments with your debit card. Just go to the Fund and Withdraw section of Account Management when you log on to Online Share Dealing. Or you call us on 0345 606 0560Call telephone number 0345 606 0560, 8am–9pm Monday–Friday, 9am - 1pm Saturday. If you need to call us from abroad, or prefer not to use the 0345 number, you can call us on +44 (0) 113 279 7518Call telephone number +44 (0) 113 279 7518.
  2. Bank transfer: Make one-off bank transfers from your nominated bank account from our payments screen.
  3. Direct Debit: If you want to add money to your Share Dealing account every month, perhaps as part of a regular investments plan, you can set up a Direct Debit.

    Direct Debit Instruction form (PDF, 29 kB)Opens in a new browser window

    Once you have completed the form please send to the following address:

    Lloyds Bank Direct Investments
    Lovell Park Road
    Leeds
    LS1 1NS

If you hold a Stocks and Shares ISA or Cash ISA with another ISA manager, you can transfer your ISA to us. Here’s how:

  1. Open a Lloyds Bank Share Dealing ISA

  2. Log on and complete our online transfer form, then just print it, sign and post it to the address on the transfer form and we will get in touch with your existing broker to start the transfer.

    If you don’t have access to a printer we can post your transfer form to you, just click ‘please post my form to me’ once you’ve completed the form. .

A few things to keep in mind:

  • You will be unable to trade any stocks while they are being deposited into your account. We can’t accept liability for any trading opportunities you might miss during the transfer.
  • We will do our best to make sure that 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. Typically it takes around 2-3 weeks to transfer UK shares and 6-8 weeks for funds or international shares.
  • Your existing ISA manager may charge you a transfer fee.

Open a Lloyds Bank Share Dealing ISA

Dealing costs

We charge a dealing commission every time you buy or sell shares, whether on the phone or online.

  • If you trade stocks online we charge £11 per deal, or £8 if you trade 8 or more times every quarter.
  • If you trade funds online we charge £1.50 per deal.
  • If you trade stocks or funds on the phone we charge £35 per deal.

Administration charges

We charge you £20 every six months to cover the cost of administering your Share Dealing ISA.

How we collect the charges

We’ll normally collect charges from any cash held in your account. If there's not enough money in your Lloyds Bank Share Dealing account, we'll collect this from your nominated bank account.

For full details of our rates and charges and more details on how our frequent trader discount works, visit our rates and charges page.

Rates and charges

If you are a Premier or Private Banking customer you can benefit from our reduced dealing commission rates for trades online or by phone, and a reduced account administration charge.

  • If you trade stocks online we charge £10 per deal, or £8 if you trade 8 or more times every quarter.
  • If you trade funds online we charge £1.50 per deal.
  • If you trade stocks or funds on the phone we charge £25 per deal.

We charge you £10 every six months to cover the cost of administering your Share Dealing ISA.

In order to receive the discounted rate, you will need to enter a promotional code which will be provided with your Premier Account Welcome Pack or by your Private Banking Relationship Manager.

Premier and Private Banking customer rates and charges

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

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 to Online Share Dealing and click ‘Add an account' on the right-hand menu.

Apply online and you could be trading within 10 minutesApply now

If you are not comfortable choosing from such a wide range of investments, you can invest instead in one of our three managed funds.

View our e-Investment range

Useful phone numbers

0345 606 0560Call telephone number 0345 606 0560
Mon-Fri 8am–9:15pm, Sat 9am–1pm

If you need to call us from abroad, or prefer not to use the 0345 number, you can call us on +44 (0) 113 279 7518Call telephone number +44 (0) 113 279 7518.