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Stocks and Shares ISA
Invest for your future, free from UK tax
Boost your potential returns with the UK’s #1 investment and savings platform
Pick your own investments or choose from ready-made options
Open your Stocks and Shares ISA from £100, or £25 a month
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 lets you invest up to £20,000 each tax year in funds, shares, ETFs and more - free from UK income tax and capital gains tax. You can withdraw money at any time, though investing for 5+ years is generally 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.
Choose investments
Pick your own investments or choose from ready-made options.
Our Stocks and Shares ISA? Award-winning.
Transfer existing Cash ISAs or Stocks and Shares ISAs to boost your potential returns.
Let us know what you want to transfer, then we'll take care of the rest.
Free regular investing.
Start your ISA from just £25 a month.
It’s free to set up a Direct Debit and you won’t pay dealing charges. Some investments may have their own charges.
Sign up to get between £100 and £10,000 cashback
Add at least £10,000 to an HL Fund & Share Account, Stocks & Shares ISA, SIPP or Drawdown account by 30 November 2026.
Sign up either by using this form (link to opt-in form), by sending a Secure Message, or calling us.
Your cashback will be paid into an Active Savings Account after September 2027 and can be withdrawn or moved to another HL account. If you don't have one already, we'll open one for you. As part of this, we'll strengthen the security on your account by adding multi-factor authentication. You can find out more about this here.
You must keep the money in the relevant account until 30 September 2027 to qualify for cashback.
See the full terms of the offer and Active Savings account here.
Need more time to transfer? Ask us for an extension. You'll then have until 28 February 2027 to apply to transfer.
| Contribution/ Transfer amount | Cashback |
|---|---|
| £10k – £19,999 | £100 |
| £20k – £49,999 | £200 |
| £50k – £99,999 | £500 |
| £100k – £249,999 | £1,000 |
| £250k – £499,999 | £2,500 |
| £500k – £999,999 | £5,000 |
| £1m+ | £10,000 |
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
Split your ISA allowance across our Stocks and Shares ISA and Cash ISA
Pick your own investments or choose from ready-made options
Kids invest for free with the HL Junior ISA
Your ISA, your way. Choose how to invest.
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.
Stocks and Shares ISA charges
0.35%
Free to open, with an account charge of no more than 0.35% for holding investments.
The investments you choose may have their own ongoing charges, and dealing charges apply for one-off trades.
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.
ISA essentials
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FAQs
Common questions about Stocks and Shares ISAs.
Yes, you can open a Stocks and Shares ISA and a Cash ISA in the same tax year.
With HL, you can spread your £20,000 ISA allowance across both accounts, in one place.
You can also move money backwards and forwards between both ISAs, giving you the flexibility to move between cash and investments. It’s your ISA allowance, so we think this should be your choice.
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 2026/27 tax year).
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.
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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.