Make the most of this years ISA allowance

A tax-efficient way to save - transfer in exisiting ISAs or start contributing today from as little as £50 per month or a £500 lump sum.

Open and/or transfer to take advantage of low-cost tax-free investing, contribute up to £15,240 per tax year.

Stocks & Shares ISA - What you need to know:

  •  Shelter up to £15,240 this tax year
  •  No capital gains tax and no further tax to pay on any income from your ISA
  •  Use your allowance by 5 April each year or lose it!
  •  Top up your ISA online in a couple of minutes
  •  Transfer and consolidate existing ISAs
  •  Access your money at any time

If you're saving for your retirement consider a SIPP - Self Invested Pension Plan, where you can benefit from tax relief on your contributions.

 

If you are unsure about investing, don't worry we have our Foundation Fundlist and Foundation Portfolios to get you started.

Why a Stocks & Shares ISA?

A Stocks & Shares ISA is a great way to invest while sheltering your assets from further tax, they offer the possibility of a higher return than cash ISAs* and you have control over what you invest in and when.
 

TRANSFERRING AND CONSOLIDATING

 

*Investors should be aware that past performance is not necessarily a guide to the future and that the price of shares and other investments, and the income derived from them, may fall as well as rise and the amount realised may be less than the original sum invested. If you are unsure of the suitability of your investment please seek professional financial advice.

Tax Benefits

ISAs offer generous tax reliefs

Placing investments inside an ISA wrapper has three tax advantages.

 

  • No Capital Gains Tax (CGT) to pay. You don't have to pay any CGT on any gains made from sales.If you invest outside of an ISA (excluding residential property and carried interest) then any profits made above the annual CGT allowance of £11,100 in 2016/7 tax year would be subject to tax at 10% for basic rate tax payers and 20% for higher rate tax payers. You make a profit when you sell an investment for more than you purchased it for.   
  • No tax on dividend income. You don't pay tax on any dividends paid inside your ISA. Outside of an ISA you receive a £5,000 dividend income allowance, and above that higher and additional rate tax payers would pay 25% and 30.56% respectively.
  • No tax on interest or the coupon earned on bonds. You get to keep all interest payments and coupons!

ISA Death Benefits

 

Rules on ISA death benefits came in to effect in April 2015 and allow for the transfer of an extra ISA allowance to the deceased's spouse if they passed away on or after 3rd December 2014.  

 

Here at Charles Stanley Direct ISA we will permit you to use an additional allowance on your husband, wife or civil partners death.  This amount is equal to the value of their ISA savings on death and is known as the additional permitted subscription (APS).  APS may be used up to 3 years after death.

 

If your husband or wife has unfortunately passed away and you are looking to use APS, Charles Stanley Direct can help - please don't hesitate to call our helpdesk on 0131 550 1234 or email us at [email protected].

Benefits of Charles Stanley Direct

Award Winning UK Telephone Helpdesk

Supporting you on your journey to wealth.

Competitive Charges

Our low platform charge is 0.25% or less.

Consolidation of Existing Investments

You can transfer in and consolidate your existing investments and pensions, enabling you to have all accounts in one place.

Extensive Research and Analysis

Our dedicated analysts produce regular research notes and provide detailed advice  on companies and sectors across the UK stock market.

Peace of Mind

Invest through an award winning FCA authorised and regulated company .

Fully-featured investment platform

Giving you control to tailor your portfolio quickly and easily.

What do our clients think?

86%

of our clients would recommend us to a friend.

87%

of our clients are very satisfied with our client service.

Data from 674 users surveyed between 01/04/2016 and 01/10/2016.
Platform Charge 0.25%

Our maximum platform charge for holding investments is 0.25%. For fund holdings (OEICs and Unit Trusts) the charge can fall as low as 0.05% per annum. For shareholdings the maximum charge is £240 per annum - but if you place 1 or more chargeable trades each month we won’t charge you anything to hold your shares.

Fund Trading Free

We don’t charge for buying or selling funds.

Share Trading (Online) £11.50

Each time you buy or sell a share we charge £11.50.

Clean priced funds - all funds purchased through us are clean priced and typically have no initial charge. See our charges in full.

Can I transfer shares into my ISA?

HMRC does not permit shares to be transferred directly into an ISA unless you have received them as part of a Save As You Earn scheme or an Employee Share Investment Plan.  For Save As You Earn shares, you need to be within the 90 days of the date you exercise your share options or, for Share Investment Plans, the date your shares cease to be subject to the plan.  As long as your shares are UK-listed, we will not charge for any transfers in of these UK-listed shares.

Save As You Earn Shares:

To transfer in shares received under a Save As You Earn scheme, please send us the following:

  • A cover letter stating that you wish to transfer your Save As You Earn shares into an ISA.
  • A copy of the signed and dated Exercise of Option form (sometimes known as the Share Save Maturity Form).
  •  Your share certificate or, if the transfer to us of your shares are held electronically, please provide the name of the stock and the number of shares due to be transferred to us with the contact details of the transferring Investment Manager.

Share Investment Plan Shares:

  • A cover letter stating that you wish to transfer your Share Investment Plan shares into an ISA.
  • A copy of the signed and dated release form.
  • Your share certificate or, if the transfer to us of your shares are held electronically, please provide the name of the stock and the number of shares due to be transferred to us with the contact details of the transferring broker.

How can I pay my ISA fee?

If you have sufficient cash in your ISA we will deduct our monthly fee from this balance.  Should you wish to credit this amount of the fee back to your ISA, you have around a month following the deduction to do so.

If the ISA fee has created a cash deficit, you can return the entire fee to your ISA for around a month following deduction. Once a month has passed, you will only be able to pay the amount of the deficit.

To make the payment, under your “Dashboard” dropdown menu, please click on the “Pay Money In” link. There you will be given the choice to “Make a subscription payment” or “Pay account fees”.  If the payment you wish to make is solely to cover the last fee, select “Pay account fees”.

It is not possible to pay in funds to cover future fees, without using part of your subscription.

If you would like the fees to be taken from an Investment account in your name, please send us an instruction by secure message.

How can I transfer my ISA from another provider to my CSD ISA?

You first need to open an ISA with us (see ‘How do I open an ISA’ ).  You then need to complete and return an ISA transfer form.  You can either contact the Helpdesk on 0131 550 1234 to request the form or, under your “Dashboard” dropdown menu, print one off by clicking on the “Transfer In” link.  If you have more than one account with us, you will need to ensure your “selected account” is your ISA under the Account Selector field you’ll see to the top right of your screen.

How do I open an ISA account?

First please register with us. During the registration process you will be asked which accounts you wish to open.  Select ‘ISA account’ and follow the steps on the screen. If you have already registered please login. On your Dashboard home page you will find an “Open More Accounts” link, which will give you the option to apply for an ISA account.

How do I “Bed & ISA”?

Bed & ISA is a way to transfer shares held outside of an ISA into your ISA as a subscription.  The shares or funds are simultaneously sold from your Investment Account and repurchased in your ISA account through the same market maker to protect you against any price movements and to control the amount charged by the market maker by the “spread” between the sale and repurchase price. On the settlement date, we will record the sale proceeds as your subscription to your ISA.

The following charges may apply:

  • £11.50 commission on both the sale and repurchase, £23 in total.
  • Stamp duty (if applicable) on the purchase.
  • For UK listed share purchases over £10,000, a levy of £1 to help fund the Panel on Takeovers and Mergers.
  • Any difference between the sale and repurchase prices.

Bed & ISA must be requested by telephone, by calling our Helpdesk on 0131 550 1234. If you wish to carry out a Bed & ISA near the end of the tax year, please leave yourself plenty of time because our deadline will be a few working days before 5 April.

Because Bed & ISA includes a sale, you might also need to pay capital gains tax.

There is a “tax credit” on my ISA statement. What is it?

Tax credits are paid on certain types of income-generating funds. If the composition of a fund is 60% or more fixed interest (including corporate bonds and gilts), you will receive a credit to offset the tax paid on the fixed interest component of the fund, which we will claim for your ISA.  It can take around six weeks after the payment of the distribution for these credits to arrive.

From 6 April 2017, interest received by UK funds will be paid with no tax deducted (‘gross’).

What can I hold in my ISA?

The following securities can be held in your ISA;

  • Funds, Unit Trusts and OEICs
  • UK Equities listed on the London Stock Exchange (LSE) and the Alternative Investment Market (AIM)
  • Investment Trusts and Real Estate Investment Trusts (REITs)
  • Gilts & Bonds
  • Permanent Interest Bearing Shares (PIBS)
  • Exchange Traded Products
  • Overseas shares listed on the main European US Canadian and Far Eastern Markets

If you are unsure whether an investment is eligible, please contact our Help Desk on 0131 550 1234.