New offer. Get £75 to £4,000 cashback when you open a Stocks and Shares ISA with £10,000+ by 5 April 2026. Terms apply. Learn more
Stocks and Shares ISA
Open an ISA and get £75 to £4,000 cashback
Boost your potential returns with the UK's #1 investment and savings platform.
Invest up to £20,000 tax-free each year, with the choice to pick your own investments or choose from ready-made options.
Get £75 to £4,000 cashback when you sign up and open an HL Stocks and Shares ISA with £10,000 or more by 5 April 2026. Terms apply.
Before you invest in a Stocks and Shares ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. You’re responsible for your investment decisions. Tax benefits depend on your circumstances and rules can change. Before you transfer check for loss of benefits, guarantees and exit fees.
Before you invest in a Stocks and Shares ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. You’re responsible for your investment decisions. Tax benefits depend on your circumstances and rules can change. Before you transfer check for loss of benefits, guarantees and exit fees.
What is a Stocks and Shares ISA?
A Stocks and Shares ISA is an investment account that helps grow your money free from UK tax. It’s free to open, and you can add up to £20,000 per tax year. Choose a Ready-Made Investment, or pick your own. Withdraw anytime, though investing for 5+ years is recommended.
Save tax
Invest up to £20,000 each tax year, free from UK income and capital gains tax.
Boost potential returns
Investments should provide higher returns than cash over the long term.
Match your goals
Pick investments that match your values and goals.
Sign up to get £75 to £4,000 cashback
This offer is for new HL clients only.
You can get £75 to £4,000 cashback when you add £10,000 or more to a new HL Stocks and Shares ISA by 5 April 2026.
You need to sign up for this offer using our online form, by sending a Secure Message, or by calling us.
Your cashback will be added to your Loyalty Bonus Account in March 2027 and can be withdrawn, used to cover fees, or moved to another HL account.
You must keep the money in your HL Stocks and Shares ISA until 28 February 2027 to qualify for cashback.
Need more time to transfer an ISA? Ask us for an extension. You’ll then have until 5 July 2026 to apply to transfer.
You can transfer money from an HL Stocks and Shares ISA to an HL Lifetime ISA and still be eligible for cashback.
| Payment/Transfer amount | Cashback |
| £10,000 - £19,999 | £75 |
| £20,000 - £99,999 | £200 |
| £100,000 - £249,999 | £750 |
| £250,000 - £499,999 | £1,500 |
| £500,000 - £999,999 | £2,500 |
| £1,000,000+ | £4,000 |
Why choose the HL Stocks and Shares ISA?
Let your investments flourish with our most popular account, the HL Stocks and Shares ISA.
Manage your Stocks and Shares ISA on the go with our award-winning mobile app
Take advantage of our expert research and investment analysis
Pick your own investments or choose from ready-made options
Speak to our UK-based helpdesk if you have any questions
Open an award-winning Stocks and Shares ISA
Get started in minutes. Once set up, you can make withdrawals whenever you need to.
Open a Stocks and Shares ISA from £100 lump sum, or £25 a month via Direct Debit.
Is a Stocks and Shares ISA right for you?
Consider investing in a Stocks and Shares ISA if:
You’re clear on the differences between saving and investing and you have cash savings to cover emergencies
You understand the value of your investments will rise and fall, so you could get back less than you invest
You’re happy to invest for the long term – we suggest at least five years
You’re comfortable choosing your own investments and happy to check in to make sure they’re continuing to meet your objectives
This isn’t personal advice. If you’re not sure whether a Stocks and Shares ISA is right for you, ask for financial advice.
Your ISA investment options
Build your own ISA
Your ISA, your choice
Choose from funds, UK and overseas shares, investment trusts, bonds, exchange-traded funds (ETFs) and more.
Expert research
Take advantage of our expert research, analysis and ISA investment ideas.
Leave it to our experts
Ready-made investments
All-in-one investment options, created by our team of experts.
Easy to start
Choose the investment which best matches your goals and risk level. Add supporting investments if you want to personalise your portfolio.
Choose free regular investing
Take the hassle out of investing in your ISA with automatic, monthly Direct Debits.
Invest from as little as £25 a month
No charge to set up or buy investments - investments may have their own charges
Choose to invest in a wide range of funds, shares, ETFs, Ready-Made options, and more
Existing client? Log in to get started
Stocks and Shares ISA charges
0.45%
Our Stocks and Shares ISA is free to set up. The annual account charge is no more than 0.45% for holding investments. Some investments will have their own annual charges.
Buying and selling funds is free. Dealing charges apply to other investments, such as shares and ETFs.
Trusted by 2 million
Our clients trust us with over £172bn of their savings and investments.
Over 40 years' experience
We’ve been helping people to save and invest for a better future since 1981.
Award-winning service
Over 200 awards, including 'Best Investment App' and 'Best for Customer Service' for 2025.
FAQs
Common questions about Stocks and Shares ISAs.
You can open a Stocks and Shares ISA if you’re over the age of 18 and UK resident for tax purposes. You should also be:
Comfortable choosing your own investments in an ISA
Confident making long-term investment decisions
Free from significant debt (other than a mortgage)
Clear on our charges
Investments fall as well as rise in value, so you could get back less than you put in. If you’re not sure which investments are right for your Stocks and Shares ISA, please ask us about financial advice.
It’s easy to open a Stocks and Shares ISA and most people can do it online in just a few minutes. Here's what you will need:
Personal details - Your name, address, date of birth, and email address.
National Insurance number - This confirms your eligibility and allows your Stocks and Shares ISA account to be registered.
UK bank account - So you can top up your Stocks and Shares ISA and set up one-off or regular contributions. This will also be the account you can withdraw your money to.
Investment choices (optional) -You don’t need to decide straight away, but you can choose from ready-made investment options or build your own portfolio with individual shares, funds, or ETFs.
Be eligible - You must be a UK resident, aged 18+, and stay within the ISA allowance (£20,000 for the 2025/26 tax year).
You can open and contribute to multiple Stocks and Shares ISAs within the same tax year, provided they do not exceed the annual ISA allowance of £20,000.
This means you have more flexibility to diversify your holdings or transfer a Stocks and Shares ISA without losing tax advantages.
Can you have a Cash ISA and a Stocks and Shares ISA?
Yes you can have a Cash ISA and a Stocks and Shares ISA. The total contributions across all your ISAs must not exceed £20,000 in one tax year.
Yes, you can.
Although Stocks and Shares ISAs are designed for long-term investing, you can withdraw cash at any time.
We don’t charge you for withdrawals or for selling funds. Dealing charges apply to shares and other investments.
If you withdraw money from the HL Stocks and Shares ISA, you’ll lose that portion of your ISA allowance.
Yes, you can transfer a Cash ISA to a Stocks and Shares ISA. This allows you to invest your cash, giving it a chance to get better returns over the long term that you'd get from interest.
If I transfer my Cash ISA or Stocks and Shares ISA, will it affect my ISA allowance?
No. As all you're doing is moving what you've already contributed, it won't affect your allowance. Anything you add after that though, will reduce your allowance for that tax year.
Before you transfer, it's also worth checking if your Cash ISA is fixed term and whether you'll incur any early withdrawal penalties. You should also be comfortable that investments go up and down in value so returns aren't guaranteed like they are with interest on cash.
Transferring a Cash ISA to a Stocks and Shares ISA is easy. Get started using our simple online transfer application.
Start by opening an HL Stocks and Shares ISA. It only takes a few minutes.
Once your account is open, you can manage in online, through our award winning app or via our Investment Helpdesk.
You can add a lump sum in as cash then invest it or you can set up regular top ups via direct debit and place an instruction to automatically invest it for you. You can also transfer an ISA from another provider.
You can choose your own investments or choose one of our ready-made investment options.
You can leave your money in your Stocks and Shares ISA as cash. You will earn interest on this but not as much as you would through a cash ISA. If you leave your money as cash, you could miss out on potential investment gains.
This tax year (6 April to 5 April), you can invest up to £20,000 and get:
Tax-free growth (no Capital Gains Tax on profits)
No tax on dividends
Flexibility (you can withdraw money at any time)
The value of investments can go up or down. To reduce the risk of loss, it’s best to use a Stocks and Shares ISA for long-term goals — typically five years or more — to smooth out market volatility.
ISA essentials
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Join 950,000+ HL Stocks and Shares ISA investors
Open or top up your Stocks and Shares ISA from £100 lump sum, or £25 a month.
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