What is an IDA?
An IDA or Investment Dealing Account is a flexible dealing account that lets you hold a variety of investments. It gives you complete control to develop your investment portfolio in a way that works for you.
Are there any tax advantages to an IDA?
No, but there are no investment limits either.
Who can apply?
If you are 18 or over and resident in the UK you can apply for a IDA. Charities, clubs and companies can also open a IDA.
Do you accept applications from the US?
We don’t accept applications by or on behalf of any US persons.
How do I open an IDA Account?
The quickest and easiest way to open an IDA with us is online using our secure service. You can also apply by post by downloading our IDA application form or through your Financial Adviser.
How do I choose where to invest?
We can’t give you advice, but our Investing Hub is packed with research tools, ideas and information to help you when you’re making investment decisions.
If the fund you want to buy is not available, please let us know as we regularly review the funds we offer and make changes based on customer demand.
What payment methods do you accept?
Debit card, direct debit (for regular payments) and cheque. We’ll send you a password and Personal ID to use on our secure online service, where you (or your adviser) can manage your account, including the payments you make.
You can also set up regular monthly or quarterly payments online by direct at any time. Or by sending us an IDA instructions form.
Can I transfer other IDAs to ATS?
Yes, you can transfer investments from elsewhere to us without selling them first so long as we offer them through our Investment Dealing Account. We charge flat Account fees that don’t grow with your investments, making our charges very competitive for larger investment pots.
Your current provider might charge you for transferring.
What are the charges?
We charge flat Account fees for our platform services. These are made up of monthly account fees to cover the basic ongoing cost to us of managing an account for you and charges for other services you may ask us to provide - buying and selling investments for example and if you invest directly with us or through a Financial Adviser.
See our charges section for more information.
How often will I get valuation and statements?
Four times a year and you’ll be able to check the current value of your IDA online at any time
Do you help with information for my tax return?
Yes. At the end of each tax year we’ll send you a tax certificate. This details any tax-relevant income payments received into your Investment Dealing Account during that tax year and you can use it as evidence of these with HMRC.