An ISA or Individual Savings Account is a wrapper that helps shelter your investments from tax and is designed for medium to long term investment (5 years or more). We offer a Stocks and Shares ISA which means that you can invest through funds, in shares directly or in a combination of both.
What is the ISA allowance?
The ISA allowance for the 2018/2019 is £20,000. Once you have opened your Account with us, you can check your ISA allowance usage through our online secure service.
Who can apply?
If you are 18 or over and resident in the UK you can apply for a Stocks & Shares ISA.
If you are not a UK resident you can still open an ISA if you are performing duties as a Crown servant overseas (for example, serving in the armed forces or a diplomat) or married to / in a civil partnership with someone who is.
You must hold your ISA in your own name and you can only pay in to one Stocks & Shares ISA, one Innovative Finance ISA, one Lifetime ISA or one Cash ISA each tax year.
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 ISA Account?
The quickest, cheapest and easiest way to open an ISA with us is online using our secure service. You can also apply by post by downloading our ISA 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 set up regular monthly or quarterly payments online by direct debit at any time. Or by sending us your instructions by post by completing the ISA Instructions Form.
Can I transfer other ISAs to ATS?
Yes, you can transfer your Cash ISAs or other Stocks & Shares ISAs into a Stocks & Shares ISA with Alliance Trust Savings. We charge flat Account fees that don’t grow with your investments, making our charges very competitive for larger ISA pots.
Transfers from previous tax years won’t count towards your ISA allowance for this year. But if you transfer an ISA that you opened this tax year the amount you’ve already paid in to it does still count.
Your current manager might charge you for transferring. We may not offer the same investments they did so you could be out of the market for a time during the transfer process.
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.
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 ISA online any time.