We offer flexible stocks & shares ISAs which allow you to invest in shares, funds, and IG Smart Portfolios. Regretfully, we do not offer cash, junior or lifetime ISAs.
Flexible stocks and shares ISAs allow you to withdraw some of the money invested in your ISA and reinvest it at a later date, without reducing your total allowance which is £20,000. For example, if you’ve subscribed your full allowance of £20,000 and then decide to withdraw £5000, your remaining ISA allowance would be £5000.
This also works for any ISAs you have from previous years. For example, if you have ISAs totalling £200,000, you could withdraw the full £200,000 and replace it within the same tax year without affecting your remaining allowance. When replacing this cash, money put returned is first used to replenish the previous year’s allowances before finally replenishing the current year.
When opening an ISA with us, a share dealing account is created to act as an admin account. For example, when stocks are no longer ISA eligible or suspended, they would need to be moved to your share dealing account.
Please note it is not IG’s responsibility to ensure ISAs aren’t oversubscribed. For more information, you can visit the HMRC’s website.
| Provider | IG | Hargreaves Lansdown | AJ Bell | Interactive Investor |
|---|---|---|---|---|
| Best commission rate on US shares1 | Free | £5.95 | £4.95 | £3.99 |
| Standard commission rate on US shares | £10 | £11.95 | £9.95 | £3.99 |
| How to qualify for the best rate | 3+ trades in prior month | 20+ trades in prior month | 10+ trades in prior month | Dependent on fixed monthly subscription. First two trades free each month |
| Best commission rate on UK shares1 | £3 | £5.95 | £4.95 | £3.99 |
| Standard commission rate on UK shares | £8 | £11.95 | £9.95 | £3.99 |
| How to qualify for the best rate | 3+ trades in prior month | 20+ trades in prior month | 10+ trades in prior month | Dependent on fixed monthly subscription. First two trades free each month |
| FX conversion fee applied to international shares2 | 0.5% | 1% - 0.25% | 0.75% - 0.25% | 1.5% - 0.25% |
| Custody fee3 | £0 - £24 per quarter | 0.45% of the value of shares, capped at £45 per year for a Stocks & Shares ISA. No charge for general account |
0.25% of the value of shares, capped at £3.50 per month | Fixed monthly subscription charged |
| Commission on trades placed by phone | £40 for UK shares, £50 for US share | 1% of the trade value: min £20, max £50 |
£29.95 | £49 |
[Data taken from competitor websites, correct at 25/01/2024].
1 Place 3+ trades on your share dealing account in the previous month to qualify for our best commission rates.2FX conversion fee is based on a £5,000 trade. For relevant transactions, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5%.3You’ll be charged a custody fee of £24 per quarter if you hold investments on a share dealing account or ISA at the end of each quarter. The fee does not apply if you only hold cash on your account.The custody fee is also dependent on your trading activity, and commissions paid during the quarter will be deducted from the fee. You will be exempt from the charge if you:
Deal three or more times on your share dealing account during the quarter
Hold investments worth £15,000 or more across your IG Smart Portfolio accounts at the end of the quarter
If a custody fee is due, we’ll debit it from your share dealing account first. If sufficient funds aren’t available, we’ll then deduct from your ISA account. If there is insufficient cash on both accounts, the account with the highest asset value will be taken overdrawn.
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