Stocks and Shares ISAs: the best ISA platforms UK

By strategically investing in Stocks and Shares ISAs, you can outpace the UK inflation rate and secure a tax-free plan of up to £20,000 in the 2024/2025 UK tax year. This is a smart way to grow your money and ensure your financial future.

The stock and share ISA is a financial product that allows UK investors to accumulate cash with various stocks and company shares to gain profit on the investment without tax. It’s offered by different financial brokers across the country.

stock and share isa

Financial brokers play a crucial role in providing digital exposure to your investment and safeguarding your assets. It’s essential to choose a reliable, cost-effective, and safe financial institution to ensure the security and growth of your investment plan.

Generally, financial institutions offer ready-made stocks and shares ISA or DIY stocks and shares ISA programs. The ready-made plan offers you a range of investments managed by their financial experts according to your risk appetite.

On the other hand, the DIY plan gives you with complete control over your investment decisions. You can choose which stocks, shares, or funds to invest in, giving you the freedom to shape your investment strategy.

Whichever investment stocks and shares ISA plan you choose, this guide will provide a list of the best financial platforms with ready-made and DIY ISA products.

What is Stocks and Shares ISA in the UK?

The stocks and shares ISA is a tax-efficient investment system that lets you invest in various financial instruments. The investments’ performance is subject to market conditions, and you’re not required to pay Capital Gain Tax (CGT) on any profits.

stock and shared ISA platforms UK

With the stock and shares ISA, you can invest in various investments, including investment funds, individual stocks and shares, corporate and government bonds, exchange-traded funds, and OEICs (Open-Ended Investment Companies).

Furthermore, the amount you can deposit in your stock and shares ISA account depends on the UK government’s ISA limit for the tax year, with each tax year spanning from April 6 – April 5 of the following year. In the 2024/25 tax year, you can deposit up to £20,000 in your ISA investment plan. You can split this into different ISAs like stock and shares ISA, Lifetime ISA, and Cash ISA.

👉 Is a Lifetime ISA worth it? Check it out here

If you invest in a stock and shares ISA, you can withdraw or reinvest the profits earned from your financial assets. However, if your investment exceeds the ISA limit, the excess amount will be taxed.

Best Stocks and Shares ISA Providers UK 2024

Whether you prefer a ready-made or DIY ISA portfolio, all financial institutions on this list are chosen by our financial experts based on the broker’s trading and platform fee, the number of financial instruments they offer investors, and what investors are saying about them on Trustpilot, a consumer review platform.

All these, together with their regulation with the UK top-tiered Financial Conduct Authority (FCA) for investors’ security, provide our top list of the UK’s best DIY stocks and shares ISA and the UK’s best ready-made stock and shares ISA.

Let’s dive in!

Top DIY Stock and Shares ISA Provider UK 2024

DIY stock and shares ISA portfolio implies that you’re responsible for investing in your portfolio’s financial instrument (stocks, shares, and ETFs). If you have an interest in this type of ISA, here is a list of the top 5 financial brokers you should consider to manage your portfolio:

Interactive Brokers ISA

Interactive Brokers offers a self-investment ISA program with a £3 monthly activity fee and one free withdrawal per month. They also provide an option to hire a financial advisor for portfolio management at an additional cost.

Starting an ISA with Interactive Brokers requires a minimum of £1, and multiple deposit options are available. Clients can access their accounts through a variety of trading platforms, including a mobile app for Android and iOS, Trader Workstation, Client Portal, GlobalTrader, and Impact.

Interactive Brokers stands out for its straightforward pricing, low commission, and access to over 150 global markets, making it an attractive option for adding qualified investments to your ISA portfolio.

Hargreaves Lansdown ISA

The Hargreaves Lansdown stock and shares ISA program offers both the DIY and ready-made investment plan and gives investors access to over 3,000 funds, UK and overseas shares, Investment trusts, bonds, and ETFs. In addition to access to numerous financial instruments, Hargreaves Lansdown provides research tools and wealth lists to aid investors’ decision-making.

Furthermore, Hargreaves Lansdown charges no trading/commission fee but charges 0.45% of your stock and shares ISA portfolio yearly (capped at £45 a year). Also, the minimum deposit to begin your ISA journey with the broker is a lump sum of £100 or £25 monthly for the DIY portfolio and £1,000 for the ready-made package.

Hargreaves Lansdown is a premium financial broker for stock and shares ISA investors, offering trusted research tools and information for making informed financial decisions.

Other Hargreaves Lansdown stock ISA charges include:

Value of FundsCharges
On the first £250,0000.45%
On the value between £250,000 and £1 million0.25%
On the Value between £1 million and £2 million0.1%
On a value over £2 millionNo charge

Freetrade ISA

The Freetrade stock and shares ISA portfolio offers UK investors access to over 6,000 stocks, shares, and other securities in the UK, US, and other EEA nations. The broker’s mobile trading app allows you to perform any financial operations you wish.

Although the financial platform charges no commission/trading fee, the stock and shares ISA program is part of its tiered pricing plan. To access the Freetrade ISA portfolio, subscribe to its Standard or Plus plan, which costs £5.99 and £11.99 monthly, respectively. (Check our Freetrade Review Guide to understand the pricing plan better).

With Freetrade stock and shares ISA, you can invest in fractional shares of the most expensive US shares with at least £2.

Therefore, if you’re looking for a low-cost stocks and shares ISA provider with a user-friendly mobile app, Freetrade Limited is your best bet.

Other Freetrade Stock and Shares ISA charges include:

ChargesStandard PlanPlus Plan
Monthly fee£5.99£11.99
Share dealingsFreeFree
Overseas share dealingsExchange rate +0.59%Exchange rate +0.39%
Transfer in (Deposit)FreeFree
Transfer out (Withdrawal) – UK stock or cashFreeFree
Transfer Out – US stock£17 per holding£17 per holding

AJ Bell ISA

With the AJ Bell stocks and shares ISA, you have a wide choice of financial options, including over 2,000 funds and shares, 450+ investment trusts, and a wide range of ETFs across 25 markets.

With the AJ Bells stocks and shares ISA, you will be charged 0.25% of your portfolio as an annual charge capped at £3.5 monthly, and you can buy financial instruments with as little as £1.5.

Use AJ Bell’s mobile app to manage your ISA portfolio on Android and iOS.

With its low-cost trading fees and excellent financial investment magazines, AJ Bell is one of the most versatile ISA providers in the UK.

Interactive Investor ISA

Interactive Investor stocks and shares ISA is available on the Investor Essentials plan, Investor Plan, and Super Investor plan, which cost £4.99, £11.99, and £19.99, respectively, monthly. The top two pricing plans offer one and two trade fees monthly.

In addition, the financial institution provides five pre-made portfolios and a selection of 60 funds for investors. However, it does not offer financial advisory services, but instead provides clear fund and share research.

You can manage your Interactive Investor stocks and shares ISA through their proprietary mobile app with a minimum of £25 for monthly investing.

Interactive Investor’s flat rate charges make its broker ISA an exceptional portfolio for those with an extensive portfolio, compared to the popular percentage-based system.

Top Ready-made Stocks and Shares ISA Provider UK

Financial companies also provide ready-made stocks and shares ISA portfolio that contains selected diversified investment plans. A statutory financial advisor or a robo-adviser manages this portfolio. The financial expert or the robot selects the portfolio composition based on your risk appetite.

Let’s consider the top best ready-made/robo-adviser stocks and shares ISA provider in the UK.

1. Wealthify ISA

Wealthify

Wealthify is a UK-based financial company associated with the Aviva group. It lets you invest in the ready-made original investment portfolio or the ethical investment plan built by environmentally and socially responsible organisations. In summary, invest in your way and let’s choose and manage your investment for you.

The Wealthify Investment ISA is a correspondence of the stock and shares ISA that allows users to grow their money through investment without Capital Gain Tax.

With Wealthify, you can begin your stock and shares ISA journey with £1 with a zero deposit fee and withdraw your money anytime. The financial platform ISA’s annual charges are never more than 0.6%. There is also an investment cost of 0.26% for the Original plan and 0.7% for the Ethical Plan.

Overall, Wealthify is a preformed portfolio that offers various ISA programs for beginner investors and helps manage the account to yield profit.

2. Bestinvest ISA

Bestinvest

Bestinvest is a financial investment and coaching company owned by Evelyn Partners and based in London. It offers one of the country’s low-cost online ISAs and shares dealing with personalised expert advice.

The financial platform offers 15 ready-made portfolios to provide an effortless way to invest in a range of investments curated by its experts and allows you to choose your investment. With these, you have over 1,600 funds, UK shares, Investment trusts, and ETFs.

Bestinvest charges ISA account fees for its ready-made portfolios, ranging from 0.2% for investments up to £500,000 to 0.1% for investments above £500,000 and no charge on investments above £1 million. It also charges a share dealing fee of £4.95 per trade.

You can manage your investments through the Bestinvest proprietary mobile app, compatible with Android and iOS devices. The minimum deposit for investing with Bestinvest ISA is £50.

3. Moneyfarm ISA

Moneyfarm

The Moneyfarm stocks and shares ISA provides one of the most efficient ways to grow your wealth and gain profit without incurring tax. Its ready-made expert-censored portfolio provides a personalised portfolio based on your risk preference.

With the Moneyfarm ISA ready-made service, you can invest in one of its seven risk-rated portfolios recommended by their financial experts. Also, with the financial broker as your investment manager, you can access financial advice from Moneyfram investment consultants.

Moneyfarm ISA ready-made portfolios charge an annual account fee of 0.75% for account value between £500 and £50,000, 0.45% from £100,000, 0.35% from £250k, and 0.35% from £500k with a minimum deposit of £500.

4. Fidelity International ISA

Fidelity International is a US-based giant financial broker authorised in the UK to provide investors with ready-made stocks and shares ISA portfolio. The broker charges no trading fee for funds and no tiered-level pricing plan (you pay a flat rate to access all portfolio investments the broker offers). However, it charges a relatively high share dealings fee.

The financial broker offers a ready-made ISA portfolio and a ‘Select 50’ list of selected funds, ETFs, and investment trusts according to your risk appetite.

You can manage your Fidelity stocks and shares ISA online through its proprietary mobile app.

Important things you need to know about stocks and shares ISA UK

  • A stock and shares ISA gives you the potential of more return on your savings than any other form of ISA (e.g. Lifetime ISA, Cash ISA, and others). However, there is a potential risk to the value of your investment portfolio. The value of your portfolio may go up or down, depending on the market trend and the value of the financial instrument in the portfolio.
  • A stocks and shares ISA investment portfolio should be seen as a medium to long-term investment plan. That is, you should be able to invest for about 5 years before you expect a sizeable profit from the portfolio. Therefore, you shouldn’t invest in the ISA with the funds you will need urgently.
  • All income from your stocks and shares ISA and other types of ISA are tax-free (Capital Gain Tax & Dividend Tax).
  • The UK tax year starts on April 6 of the current year and ends on April 5 of the following year. The UK government determines the ISA limit for the year.
  • Every tax year, you can have multiple types of ISA, but you can only invest in one of a particular type in a tax year. For example, you own one or more stocks and shares ISA, Lifetime ISA, Junior ISA, and Cash ISA. You can only invest in one of each type in the tax year. You cannot get a tax-free investment in two different stocks and shares ISA or any other type.
  • It’s best to build an emergency fund before you start an ISA portfolio for stocks and shares. This will help you avoid dipping into your ISA portfolio when you need urgent funds.
  • You can invest in the stocks and shares ISA with a lump sum of funds or as you have within the tax year.
  • You can pay up to £20,000 into ISAs in the UK 2024/2025 tax year.
  • Compare the best ISA platforms of the year to find your ideal provider. Maximize your tax-free savings today with our expert guide on fees, features, and performance.

FAQs About Stocks and Shares ISA UK

Can I pay into multiple ISAs?

You can own as many ISAs as you want with any UK ISA broker, but you can only pay into one type of ISA each tax year. That is, you can only pay into one Cash ISA, one Stock and Shares ISA, and one of the other types each tax year and all the investments in all the ISA you invest in a tax year sum up for the tax year limit.

Are Stock and Shares ISA covered by the Financial Services Compensation Scheme (FSCS)?

Yes, ISA portfolios, including the stocks and shares ISA, are covered BY FCSC. Implying that in an unfortunate case of financial institution bankruptcy, you’re covered up to £85,000

What happens if I exceed the ISA limit in a tax year?

If your ISA contribution within a tax year exceeds the year’s limit, you will not receive any tax advantage over the excess amount.

Related Articles

Best Junior ISAs
In this article, we'll explore Junior ISAs, explain what they are and how they work, and analyse the best options on the market. Junior ISAs offer a tax-efficient way to save for your child's future. We'll break down the different types and the co...