Investment Dealing Account

Investing on your terms

A flexible trading Account, giving you freedom to develop your portfolio in whatever way works for you.

Before you start with an Investment Dealing Account (IDA) have you used your annual ISA limit yet? It usually makes sense to do this first since an ISA shelters your savings from tax.

There are no tax advantages to investing through a IDA, but because of this you can invest as much as you like, and have as many IDAs as you like (paying an Account fee for each) – helpful if you’re saving towards different goals.

You are in control:

  • No savings limit
  • Access your money any time
  • Hold an IDA jointly with others
  • Charities, clubs and companies can hold an IDA
  • The tax you pay depends on the investments you hold and your personal circumstances

Important Information

Investments can go down as well as up. You may get back less than you originally invested. Laws and tax rules may change in the future without notice. This information takes no account of your personal circumstances which may have an impact on tax treatment. Unlike an ISA an Investment Dealing Account (IDA) does not shelter your investments from income or Capital Gains Tax.

Alliance Trust Savings does not give financial or investment advice. You need to ensure you understand the risks and commitments before investing. If you are unsure you should speak to a financial adviser before investing.


Is it right for me?

  • You may have already used your ISA allowance for the current tax year
  • Looking to choose from a range of investments including funds, investment trusts, ETFs and shares
  • Willing to view these as medium to long term investments (5 years or more)
  • Comfortable paying Income Tax and Capital Gains Tax on your investments

Why invest with Alliance Trust Savings?

  • Real-time trading in UK-listed securities
  • Regular, monthly investing for just £1.50 a trade (Terms and Conditions apply)
  • Minimum investment of just £50

FAQs AND RESOURCES

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.

Opening an IDA

Who can apply?

If you are 18 or over and resident in the UK you can apply for an IDA. Charities, clubs and companies can also open an IDA.

How do I open an IDA Account?

If you are interested in opening an Alliance Trust Savings Account, please speak to your financial adviser.

If you don’t have a financial adviser, you can locate one near you at unbiased.co.uk.

Investing

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.

Paying in

What payment methods do you accept?

Debit card, Direct Debit (for regular payments), transfer from your bank account and cheque.

How do I pay money into my Account?

We’ll send you a password and Personal ID to use on our secure online service, where you (or your financial adviser) can manage your Account, including the payments you make. If you prefer, you can also give us payment instructions over the phone or by post. For the detail of how to pay using the different methods we offer, read our Platform Guide which you can find in Forms and Literature.

Who can pay into my Account?

For IDAs only you can pay into the Account. You can set up regular monthly or quarterly payments online by direct debit at any time. You can also send us your instructions by post by completing an Instruction Form which can be found in Forms and Literature.

Transferring in

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. See how we compare.

Your current provider might charge you for transferring.

How do I transfer an Account elsewhere to you?

If you are interested in transferring to Alliance Trust Savings, please speak to your financial adviser.

If you don’t have a financial adviser, you can locate one near you at unbiased.co.uk.

How long can I expect that it will take to complete a transfer?

If you are transferring an IDA it can take up to 30 working days.

How do I make a transfer to another provider?

If you would like to transfer your Account away from us to another provider you will need to contact them and complete their transfer forms. They will then forward the forms to us to action.

Charges

Do charges apply to transfer my Account in or away from you?

We don’t charge for transfers in or transfers out. Please refer to our Charges Guide for more information.

What are the charges?

We charge flat Account fees for our platform services. These 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. You can download our Charges Guide in Forms and Literature.

Is there a price difference to trade online or by post?

It’s cheaper to trade online, £9.99 a trade compared to £50 by phone or post. You can also benefit from a loyalty discount for online or telephone trading after 5 years. Full details can be found in our Charges Guide which can be found in Forms and Literature.

Keeping track

How often will I get a valuation and statement?

You will receive a valuation and statement covering all of your Accounts with us four times a year and you'll be able to check the current value of your Accounts online at any time by logging in to our secure online service.

Tax

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.

You can find more Frequently Asked Questions here.

Helpful resources

To view all our forms, Account documents and helpful guides, click on the button below:

View Forms and Literature

Alliance Trust Savings Limited is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings Limited gives no financial or investment advice. ‘Alliance Trust Savings’, ‘ATS’ and 'AT Savings' are all brand names of Alliance Trust Savings Limited together with the ‘Alliance Trust Savings’ logo are owned by and used with the permission of Alliance Trust PLC, the previous owner of Alliance Trust Savings Limited.