Best Stocks and Shares ISAs in the UK
If you’re saving for retirement or another life event that’s more than a couple of years away, a Stocks and Shares ISA could help you build wealth for the future. Let’s take a look at the best Stocks and Shares ISAs available in the UK.
The below list is based on UK Stocks and Shares ISA accounts with low associated fees and a wide selection of funds to invest in, accurate up to September 2024. Capital at risk, and past performance is not a guide to future returns Tax treatment depends on your individual circumstances and may be subject to change in the future.
1. InvestEngine
If you’re looking for a low-cost Stocks and Shares ISA, have a look at InvestEngine. With InvestEngine as your provider, you’ll pay no set-up fees, withdrawal fees, dealing fees or ISA fees. You can choose between a managed portfolio and a commission-free DIY portfolio, making this a flexible choice for both beginners and existing investors.
DIY: With a commission-free DIY portfolio service, you’ll have access to more than 690 exchange-traded funds (ETFs). You won’t pay any ISA account fees, but you may have to pay fees for any individual ETFs that you invest in.
Managed: If you’d like InvestEngine to manage your portfolio for you, you’ll pay an annual management fee of 0.25% along with any ETF fees.
InvestEngine doesn’t charge a fee for ISA transfers, but your existing ISA provider may charge an exit fee.
Learn more: Should I get an ISA?
2. Wealthify
Do you want to build wealth for the future while doing your bit for the planet? With a Wealthify Stocks and Shares ISA, you can choose from a selection of five original plans and five ethical funds. Your investments will be managed for you, no matter which plan you choose. This means you’ll need to pay an annual management fee of 0.6%. Other costs can apply, with the average annual fund cost estimated to be around 0.16% for original plans and 0.7% for ethical plans.
Learn more: How to start investing
3. Moneyfarm
With a Moneyfarm Stocks and Shares ISA, you have a couple of options to choose from for how your money is invested. Take your pick between a ready-made portfolio managed by experts or building your own portfolio from scratch. Alternatively, you could make the best of both worlds with a mix of DIY and managed funds.
Fees can vary depending on which strategy you choose:
- Actively managed portfolio: Experts will build your portfolio for you using cost-efficient ETFs. They’ll regularly rebalance your portfolio based on your goals and risk appetite. Management fees start at 0.75%.
- Fixed allocation: A lower-cost option, fixed allocation is built from the same cost-efficient ETFs as managed portfolios, but the management is more passive. Management fees start at 0.45%.
- Share Investing: Build your own portfolio with a choice of stocks, ETFs and mutual funds. There is a flat fee of £3.95 per trade.
Learn more: Best Cash ISAs in the UK
4. Nutmeg
If you’d like to invest but you’d like an expert to manage your portfolio, take a look at Nutmeg. All you need to do is select your risk level and investment style, and Nutmeg’s in-house investment team will build and monitor your investments for you. Fund managers will rebalance your portfolio for you and keep you up to date with any changes. You’ll have access to your account at all times and can reach out to the client services team with any questions.
With Nutmeg, there are no set-up, transaction, trading or exit fees. Instead, you’ll pay Nutmeg fees, fund costs and market spread costs, with the exact percentages based on your chosen investment style and amount invested.
For example, choose Nutmeg’s ‘fully managed’ route and you’ll pay 0.75% Nutmeg fees on deposits up to £100k and 0.35% on the portion beyond £100k. You’ll also pay fund costs of 0.20% and 0.03% market spread.
The cheapest investment style is ‘fixed allocation’. The fund costs and market spread costs are the same as above, but you’ll pay a lower Nutmeg fee of 0.45% on up to £100k and 0.25% on the portion beyond £100k.
Learn more: Do I need a financial advisor?
5. Trading 212
If you want to keep your fees as low as possible, take a look at Trading 212. You can get started with as little as £1 and purchase fractional shares in large companies such as Amazon and Apple. You can also invest in funds, making it easier to diversify your portfolio and reduce the impact of stock market fluctuations.
Trading 212 is a commission-free platform, with no trading fees, admin fees, or custody fees. You can add money to your account for free via bank transfer, but you’ll pay a fee of 0.7% for card payments, Apple Pay and Google Pay, once you’ve deposited £2,000 in total via these methods. You’ll also pay an FX fee of 0.15% for converting funds from one currency to another.
Coming soon:
Tembo Cash ISA
We know that your savings goals don’t vanish once you’ve bought your first home, or you might want to deposit more than £4,000 each year. So we’re launching a Cash ISA; so you can save up to £20k each year, tax-free.
FSCS-protected up to £85,000
Tax-free deposits up to £20,000
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