Looking to make the most of your tax breaks? A Stocks and Shares ISA from Equiniti can help shelter your investments from tax.
What is an ISA?
An ISA is an Individual Savings Account designed to shelter your savings and investments from tax. There are two types of ISA: a Cash ISA for cash savings, and a Stocks and Shares ISA for shares and similar qualifying investments like funds (OEICs and unit trusts) and bonds. The Equiniti Shareview Dealing ISA is a Stocks and Shares ISA.
What are the benefits of a Stocks and Shares ISA?
You can invest up to £20,000 in a Stocks and Shares ISA for the 2017/2018 tax year.
- You won’t have to pay additional tax on dividend income received from UK securities
- You are also shielded from Capital Gains Tax (CGT) and although the current CGT annual allowance is £11,300 and you might not be too worried about breaching it, if you’re going to be investing over several years, you may well find that at some point in the future you are very glad of that CGT exemption
- Also of benefit is that you do not have to note investments in an ISA on an annual tax return if you file one.
The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.
What can you invest in with the Equiniti Shareview Dealing ISA?
The investment remit scope for ISAs is very broad. This means you can create a balanced portfolio of investments including shares, corporate bonds and gilts.
You can also invest in a wide variety of other securities, such as investment trusts, exchange-traded funds (ETFs) and most stocks traded on what HM Revenue & Customs deem ‘Recognised Stock Exchanges’. For more information please visit www.hmrc.gov.uk
What are the costs of an Equiniti Shareview Dealing ISA?
Stock dealing charges are:
- From £12.50 online per trade for general dealing
- £1.75 per trade with a regular investment
- £1.75 per trade with dividend reinvestment.
There is a fee of just 0.25% of the value of your holdings (payable half yearly, minimum of £10, maximum of £37.50+ VAT)
Rates and Charges >>
Move certificated shares into an ISA
Although ISA rules prevent you from transferring shares from paper certificates directly in to a Stocks and Shares ISA, with our ISA you get a free Equiniti Investment Account. This is a no charge nominee account which you can transfer your certificated shares into and you can use this account to help you put shares into your ISA.*.
Once your shares are transferred in to an Investment Account you can sell them, transfer the money into your ISA and repurchase the shares within your ISA account, giving you the tax efficiencies. This can be done easily online or by calling customer services on 0345 300 0430. You will, however, be liable for any changes in share price which happens during this process. The sale of shares for the purpose may give rise to a Capital Gains Tax (CGT) liability.
To transfer your certificated shares into your Investment Account please complete a CREST Transfer form and send it with your certificates to: Equiniti, PO Box 4605, Worthing, BN99 6QY .
Your shares will then be held in electronic form on your behalf in the Investment Account. You can then follow the steps above to repurchase the shares and hold them in your Shareview Dealing ISA.
If you’re posting any valuable documents, such as share certificates, you may want to send these by registered mail.
Transfer an existing Stocks and Shares ISA from another broker
To transfer an existing Stocks and Shares ISA from another broker, you will need to first open an Equiniti Stocks and Shares ISA (accepting our Terms and Conditions) and then complete an ISA Transfer-In form, sending it to: Equiniti, PO Box 4605, Worthing, BN99 6QY.
We’ll liaise with your existing provider on your behalf.
Apply for Shares through an Initial Public Offering (IPO)
Where Equiniti has been appointed as an intermediary you can now apply for shares available through an IPO directly from your Equiniti Investment Account or Shareview Dealing ISA, providing the shares are eligible for the latter, or both if your application will exceed your ISA allowance.
If your application is successful this means shares granted to you will normally be available within your portfolio on the company’s first day of trading.
Find out more here
Before you start dealing please read the following documents.
Terms and conditions
*There is an exception for shares arising from an approved employer share plan within 90 days.