Legal & General - Your stocks and shares ISA

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Stocks and Shares ISA

What is a Stocks and Shares ISA?

Our stocks and shares ISA is one of the most tax-efficient ways to save for the things that really matter to you in life. With a variety of investments to choose from, you’re in control of how much risk you want to take.

Invest in an ISA from £20 a month or a lump sum of £100 or more.

Choose from our range of over 50 individual funds
Alternatively, select one of our ready-made funds, depending on your level of risk
Save up to £20,000 for the 2020/2021 tax year

New to investing?

You don’t have to be an expert in the field of investing. With our ISA:

Choose from our ‘We-do-it-for-you’ range
Select a level of risk that best suits your needs
Invest from £20 a month

Learn about investing

Already a customer?

Everything you need in one place to be able to:

Top up your ISA from £20
See your fund's performance
Manage your money via My Account

Existing customers

Transfer your ISA to us

We'll arrange everything with your current provider.

No transfer fees
No obligation
Part or full transfer

Transfer your ISA

Why our Stocks & Shares ISA may work for you

Invest up to £20,000 tax-free for the 2020/2021 tax year.

Let us take the strain

Let us take the hassle out of investing. Choose from five ready-made funds, each with a different level of risk that may suit your needs.

Award-winning team

Our five multi-index funds, each designed with simplicity in mind, are run by our trusted team of award-winning experts.

Easy access anytime

Monitor, or top-up on your savings with the help of My Account, our easy-to-use online account.

No upfront charge when you buy your ISA

When you take out an ISA with us, we won’t charge you entry or exit fees. Remember though, you may incur fund and other charges.

Stay a step ahead of scams

We'll do anything we can to protect your money, but it's very important for you to stay alert to avoid pension and investment scams.

Keep your financial information safe and be careful about entering into an investment.

Find out more

ISA FAQs

What is an ISA?

Individual savings accounts (ISAs) are tax-free savings or investment accounts. You won’t pay any tax on any interest you earn or gains you make.

There are two main type of ISA – a cash ISA, which works like a regular savings account, and a stocks and shares ISA, which allows you to invest in funds, bonds and individual company’s shares.

There’s a limit to how much you can put into an ISA each financial year. For 2020/21 the limit is £20,000 . This can be divided between cash and stocks and shares however you’d like. Any unused allowance doesn’t roll over to the next year, so it’s worth making the most of it, if you can afford to.

You can open an ISA at any point in the tax year. It’s up to you whether you want to set aside a regular amount or deposit a lump sum.

The exact terms of your ISA will depend on the provider. Interest rates vary and some accounts offer instant access to your money, while others require it to be locked away for a set period.

Other types of ISA include Junior ISAs, which are for under-18s. They currently have an annual limit of £9,000 .

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Are ISAs a good investment?

Stocks and shares ISAs can be a good investment for many reasons. If time is on your side, investing is one of the best ways to help you achieve your long-term financial goals as you can ride out any market fluctuations.

Then there are the tax breaks. You’ll benefit from tax-free income, capital gains and dividends.

Many people are understandably anxious about investing because they think it’s too complex. But if you’re new to it, there are some easy ways to get started, such as ready-made funds run by experts.

Stocks and shares ISAs are only a good investment if you manage risk sensibly. The greater the risk, the greater profit you’re likely to make but the more you’re also likely to lose. And remember to factor in additional costs when planning your investments, such as admin charges and fund management fees.

The golden rule of investing is to spread the risk. Be sure to balance your portfolio with a mix of equities, bonds and cash spread across different industrial sectors and geographical areas.

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Can I have an ISA and a savings account?

There's absolutely no reason why you can't have both a savings account and an ISA at the same time, so you need to work out which is more beneficial to you. This will depend on your personal circumstances.

Both ISAs and the Personal Savings Allowance offer you tax benefits from saving, but you have to consider the pros and cons and see which will best fit your situation – especially if you can save less than the ISA allowance.

If you will potentially exceed either or both your annual ISA allowance or Personal Savings allowance it makes sense to use both to maximise the amount of interest you can earn tax free.

Find out more

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Terms and conditions

Investment Account, ISA and Junior ISA

Terms and conditions

Risk warning

Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest . Tax rules for ISAs may change in the future and their tax advantages depend on your individual circumstances.

Stocks and Shares ISA

What is a Stocks and Shares ISA?

New to investing?

Already a customer?

Transfer your ISA to us

Why our Stocks & Shares ISA may work for you