Self-Select ISA

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The tax-efficient way to invest

Get hands-on with your shares and investments. Invest up to £7,200 on a tax-efficient basis this tax year (2008/09). Then you can place orders to trade in the stock markets online, 24 hours a day, for just £15 per trade. Trades are dependant on market opening hours.


With a Direct Trader Self-Select ISA, you can choose from over 800 funds, many with no initial charge - thanks to our Fund Supermarket. Need help? Just call us free on 0808 156 6000.

Here are just a few of the benefits of our Self-Select ISA:

  • Tax efficient - investment growth within the ISA is free of Capital Gains Tax (CGT) and proceeds are tax-free
  • Enjoy this service free - zero ISA administration fee on account valuations of £10,000 or more
  • Buy and sell shares online or over the phone
  • Trade online for a flat rate of £15 per trade
  • Trade in UK and international shares, unit trusts, OEICs, investment trusts, bonds, gilts, ETFs and new issues
  • Fund supermarket, which features funds from leading investment houses at specially reduced fees (some as low as 0%)
  • Check share prices online or by phone
  • Buy and sell automatically when shares reach a certain price
  • Transfer existing ISAs (including Cash ISAs) into your Direct Trader Self-Select ISA. Please note, your current provider may charge you a transfer fee
  • Put shares you already own into your ISA. This is called BED & ISA
  • Access instant and up-to-date valuations, 24 hours a day
  • Paperless trading - shares held electronically means no need for paper share certificates
  • Fast trade settlement - usually in just three working days
  • An extended settlement is also possible
  • Receive alerts by email or text message when share prices change
  • Use virtual portfolio support to test your trading strategies before you invest real money
  • Monthly Portfolio Builder Self-Select ISA - If you like the idea of putting a small amount each month, into stocks, shares and investments
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A stocks and shares ISA is the equity element of an ISA, which may include any authorised unit or investment trust or open-ended investment company (OEIC), as well as any share quoted on a stock exchange recognised by the Inland Revenue.

For tax year 2008/09 you can subscribe up to £7,200 in a Stocks and Shares ISA.

Alternatively up to £3,600 of that allowance could be put into a Cash ISA with the remainder of the £7,200 invested in your Stocks and Shares ISA.

Please note, the value of investments,
and the income from them, can fall as well as rise.