What is a Stocks & Shares ISA?

If you are planning on investing your money in stocks and shares than a Stocks & Shares ISA is pretty much perfect for you.

The way it works is pretty easy, if your investments go all the way up and you make some cash, you can use your ISA allowance to pay no tax on any money you make.

There are two important things that you need to keep in mind when investing & using a Stocks & Shares ISA:

1. Investments go up and down – you could lose money as well as make money. If you don’t understand what you’re doing, check our our Investing Section. Get clued up and then make a decision!
2. You get less protection than normal ISA Accounts – Some Cash ISAs can protect up to £85,000 if something goes wrong, like the bank closing. Some Stocks & Shares ISAs will only protect up to £50,000 of your money. So just keep that in mind.

What Are The Best Trading Platforms?

Hargreaves Lansdown

All-in-One Solution

If your looking to start investing and want to research, and actually make your own investments in stocks & shares, then Hargreaves Landsdown is one of the best trading plaforms in my opinion. You can use your stocks & shares ISA allowance with HL which is a huge benefit!

Nutmeg

Invest with absolutely no hassle

I'm a big fan of Nutmeg, I started using them when I first started to invest a bit of my salary every month and just wanted to use something simple that delivered results.