There are two types of ISA available to UK residents: stocks and shares ISAs and cash ISAs.
- Stocks and shares ISAs allow investment in ‘qualifying investments’ – typically cash, shares, bonds, unit trusts or funds – and do not incur income or capital gains tax
- Cash ISAs work like normal savings accounts, except that any interest is tax-free
Your yearly ISA limit can be used entirely on a cash ISA, entirely on a stocks and shares ISA, or split across both. It is also easy to transfer either type of ISA from one provider to another.
We offer stocks and shares ISAs as part of our shares offering, meaning you can either open a new ISA via your IG account or transfer one to us with no IG fees.