Exclusive client offer. Get £75 to £5,000 cashback when you open an ISA with £10,000+ by 20 February 2026. Terms apply. Sign up for cashback.
Stocks and Shares ISA
Invest tax free and get £75 to £5,000 cashback
Open or transfer to the HL Stocks and Shares ISA and you could get inflation-busting, tax-free growth with your pick of investments. Plus, get cashback when you sign up and add £10,000 or more by 20 February 2026.
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 £5,000 cashback
You can get £75 to £5,000 cashback when you add £10,000 or more to a new HL Stocks and Shares ISA.
You need to sign up for this exclusive client offer using our online form, by sending a Secure Message, or by calling us.
You must keep the money in your HL Stocks and Shares ISA until 30 November 2026 to qualify for cashback.
Your cashback will be added to your Loyalty Bonus Account in December 2026 and can be withdrawn, used to cover fees, or moved to another HL account.
Need more time to transfer an ISA? Ask us for an extension. You’ll then have until 20 May 2026 to apply to transfer. You can transfer money from your HL Stocks and Shares ISA to an HL Lifetime ISA and still be eligible for cashback.
You must be invited to sign up to this offer.
| Top up/ transfer amount | Cashback |
| £10,000 - £19,999 | £75 |
| £20,000 - £99,999 | £200 |
| £100,000 - £249,999 | £1,000 |
| £250,000 - £499,999 | £2,000 |
| £500,000 - £999,999 | £3,000 |
| £1,000,000+ | £5,000 |
3 steps to qualify for cashback
Sign up using the online form, by sending us a Secure Message or by calling us. We’ll confirm once you’ve successfully signed up to the offer.
Get started online in minutes.
You must add £10,000+ to your Stocks and Shares ISA by 20 February 2026. You can add money or transfer ISAs from another provider.
One home for your ISAs, investments and savings
Track and manage your ISAs alongside your other HL accounts - online or with the new and improved HL app.
Whether you're opening a new ISA, or transferring an existing one, it only takes a few minutes to get started. Before you transfer check for loss of benefits, guarantees and exit fees.
If you want to qualify for cashback, you'll need to sign up for the offer first.
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.
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.
We've won over 200 awards for our services
