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 £20,000 per tax year.

Flexible Stocks & Shares ISA - What you need to know:

  •  Shelter up to £20,000 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
  •  See our Flexible ISA FAQ's

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 profits. You make a profit when you sell an investment for more than you purchased it for. If you invest outside an ISA, excluding residential property, any profits made above the annual CGT allowance for individuals of £11,300 in 2017/18 tax year would be subject to CGT. For basic rate taxpayers CGT is 10% or more. For higher and additional rate taxpayers CGT is 20%.
  • 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. Above this allowance, basic, higher and additional rate taxpayers would pay income tax of 7.5%, 25% and 30.56% respectively.
  • No tax on interest or the coupon earned on bonds. You get to keep all interest payments and coupons!

 

The information above is based on our understanding of current tax legislation. The levels of taxation will depend on your individual circumstances and may be subject to change in the future. If you are in any doubt, you should seek professional tax advice.

ISA Death Benefits

 

The rules on ISA death benefits allow for an extra ISA allowance to the deceased's spouse or civil partner.  

 

The Charles Stanley Direct ISA allows you to use an additional allowance on your husband, wife or civil partner's death. This amount, known as the additional permitted subscription, is equal to the value of their ISA savings on death and may be used up to 3 years after death. Further information is available in this leaflet from the Building Societies Association. 

 

If your husband, wife or civil partner 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

Our great team is based in Edinburgh, highly trained and ready to support you in any way they can from account opening through to detailed account queries.

Competitive Charges

We are the consumer champion on pricing and were the first platform to aggressively cut charges. Our low platform fee starts at 0.25% and tiers sharply through a highly competitive Loyalty Programme.

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

When you invest through Charles Stanley Direct you are investing through an award-winning FCA authorised and regulated company that adheres to the highest standards of professionalism.

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 taken from 3315 clients taken between 01/01/2017 – 22/02/2017.
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?

We will deduct our monthly fee from the cash balance in your ISA. 

If the ISA fee has created a cash deficit, you may have to make a subscription payment or sell some of your holdings in order to cover the deficit.

To make the payment, under your “Dashboard” dropdown menu, please click on the “Pay Money In” link. 

If you would like future fees to be taken from outside of your annual subscription allowance then it is possible to arrange for them to be deducted from your investment account. In order to set this up please click on "fee preferences" from the dashboard menu.

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 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.

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.