A Stocks and Shares ISA is a popular and tax-efficient way to grow your savings, whether you are already an expert investor or are new to investing.
A Stocks and Shares Individual Savings Account (ISA) is a type of savings account that allows you to invest the money you contribute as you save it into the account. A Stocks and Shares ISA is one of the most straightforward ways to save tax efficiently each year, allowing savers to build substantial amounts, sheltered from UK income and capital gains taxes.
We often recommend opening Stocks and Shares ISAs, as investing in this way can offer returns above inflation and equivalent interest rates available through cash ISAs.
Our Stocks and Shares ISA enables you to invest directly in a range of assets via our award-winning investment services.
Capital at Risk
Please remember as with all investments your money can rise and fall. Past performance is not an indicator of future returns. Tax treatment depends on individual circumstances and may change in future.
Who can open an ISA account?
Any UK resident over 18 is eligible for a tax-free ISA allowance of £20,000 per year, which you can save into a single account like our Stocks and Shares ISA or across multiple accounts.
ISAs can be especially helpful for families seeking to build up savings, as a couple could save and invest up to £40,000 each year and contribute to Junior ISAs to save for their children.
What are the benefits of a Stocks and Shares ISA?
Whether you prefer to manage your own investments or have one of our Advisers manage them for you, our Stocks and Shares ISA offers a tax-efficient way to grow your savings, with expert advice every step of the way. A Stocks and Shares ISA provides the following benefits:
Investments are sheltered from UK income and capital gains taxes
A range of different investment approaches to balance investment risk and return
A wide range of assets you can invest in to grow and diversify your portfolio
Opportunities to invest in both UK and overseas markets
Withdrawals are tax-free and can often be made at any time
Some ISA providers also offer the flexibility to replace funds withdrawn from the ISA provided this occurs within the same tax year.
Your ISA investment options
Our Stocks and Shares ISA provides access to a broad range of investments across geographies, themes and sectors. The main asset classes we invest in are shares, bonds and funds.
Stocks and Shares
Invest directly in companies and share in their success. Target investment returns or passive income to support your financial goals.
Bonds and Gilts
Diversify with corporate and government bonds. Benefit from a predictable return and lower volatility of capital with fixed income.
Funds and Alternatives
Gain wider market exposure and reduce stock-specific risk with funds, exchange-traded funds (ETFs), investment trusts, and more.
Open a Stocks and Shares ISA
When you open a Stocks and Shares ISA with Killik & Co, our dedicated Advisers will tailor your investment approach in line with your requirements. Get a head-start on saving for your future and take advantage of a personal and tax-efficient service.
If you would like to transfer an existing ISA to Killik & Co, we will not charge additional fees, but please be aware your current provider may charge exit fees.
Getting the most out of your Stocks and Shares ISA
Spending some time planning your investment strategy can help you get the most out of your Stocks and Shares ISA, so you can be more confident in meeting your financial goals. Here are our top tips for making the most of your ISA.
What to consider?
Start saving early. The earlier you start saving, the more time your money has to grow and benefit from compound growth.
Save regularly. Even if you can only save a small amount each month, it will add up over time and can also avoid issues with trying to time investments into the market, by drip-feeding investments through market movements and cycles.
Set realistic goals – we recommend investing for a minimum of five years, so your savings have the best chance to grow. If you need to access your funds earlier, it may be better to look for an alternative option. New investors can learn more here or watch our Killik Explains: Tax Saving Basics - What is an ISA? video.
If you need more than one account. Spreading your ISA allowance across multiple accounts could be more challenging to manage than having an ISA account with a single provider and make it harder to keep track of overall investment performance.
Avoid unplanned or panic withdrawals – withdrawing your money could mean you miss out on the benefit of long-term growth, and unplanned or panic withdrawals at the wrong time, may mean you get back less than you put in, at the time when you need the funds.
Not using your allowance – by not contributing to an ISA or tax-efficient savings wrapper, you are missing the opportunity for your money to grow free of UK income and Capital Gains Tax.
Not diversifying – Don’t invest in a single company stock. By spreading your money across different assets, sectors and geographies, you can reduce the risk of any single area of underperformance.
Looking for an investment app?
Our investment app can be a great option for newer investors or those looking to contribute smaller amounts regularly into an ISA, Junior ISA or General Investment Account.
Anything you save into the app is invested on your behalf, into one of several low-cost funds, based on your objectives and attitude to risk. Funds offer a convenient and efficient way to invest in a basket of well-diversified investments.
“A Managed service can be a good option during the early years of investing, whilst building knowledge and experience.”
Mike Pate
Awards & Testimonials
James Dunn
Partner, Head of Investment Managers
"Through his extensive knowledge and experience, he is able to advise and guide in all investment and savings matters, and explain clearly to someone with little knowledge in these matters."
Alison, East Sussex
Bronwen Horton
Senior Wealth Planner
"I have worked with Bronwen for over two years, and I could not have had a better person to help me with Wealth Planning. Knowledgeable, efficient, empathetic and an extremely effective communicator - with a good sense of humour. Investment help and advice, especially for busy working women, is so important and Bronwen has given me that advice in spades."
Penny Noble
Jonathan Drysch
Partner, Associate Planning Director
"In recent years, my family have needed a comprehensive understanding of our complicated financial landscape. We wanted to optimise returns on our savings and formulate a robust plan for retirement and provide financial support to the wider family. Jonathan and his dedicated team have played a pivotal role in bringing a conclusive end to this journey, offering invaluable insights and strategic solutions. We extend our sincere gratitude and anticipate a valued partnership for the future."
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Paul Martin
Partner, Esher Branch Manager
"Taking time to really understand my requirements now and later in life, my approach to risk, and the lifestyle I hope to maintain. Paul explains the markets and his investment decision in layman's terms which inspires confidence in his advice."
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Partner, Head of Financial Planning
“The advice and perspective received from the entire team at Killik & Co during the planning process has been exceptional. I have much greater clarity and a renewed sense of confidence in my financial future and retirement thanks to their efforts.”
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Emma Tuckett
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"A personal, polite, informative and most importantly, considerate approach to someone who is naturally hesitant and anxious."
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Past performance is not an indicator of future results
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Frequently asked questions about Stocks and Shares ISAs
How many Stocks and Shares ISAs can I have?
While you can only have one Stocks and Shares ISA with us, you can open Stocks and Shares ISAs with multiple providers. Please note your £20,000 ISA allowance covers all contributions made to Cash, Innovative Finance, Lifetime and Stocks and Shares ISAs.
Can I transfer a Cash ISA into a Stocks and Shares ISA?
Yes. You can transfer funds from a Cash ISA into a Stocks and Shares ISA but before you make a transfer, it is worth considering any benefits you may lose from your Cash ISA - especially if you plan to make regular withdrawals from your savings.
How much does a Killik & Co Stocks and Shares ISA cost?
There is no cost to open a Killik & Co Stocks and Shares ISA or to transfer an existing ISA (although it is a good idea to check there are no exit charges from the provider you are leaving). There will be fees in connection with the other services you select, such as investment management and advice. Our Advisers can discuss these options with you and confirm the charges you can expect.
Will I be taxed on my Stocks and Shares ISA?
No. As your Stocks and Share ISA shelters contributions from UK income and capital gains taxes, you do not have to pay tax on investment growth or interest earned.
How long should you keep a Stocks and Shares ISA?
We recommend keeping a Stocks and Shares ISA for at least five years to allow sufficient time for your investments to generate returns and to benefit from compounding.
Can you withdraw money from a Stocks and Shares ISA?
Yes. You can withdraw money from a Stocks and Shares ISA. Please note you may incur additional fees when withdrawing money, which your provider will have outlined in their terms and conditions.
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