Home Savings and investments Sharedealing first direct Stocks and Shares ISA Current Page

first direct Stocks and Shares ISA

 

Simple tax-efficient investments

 

 

A Stocks and Shares ISA works in much the same way as regular Sharedealing, but you can use your annual ISA allowance of £20,000 which could reduce the amount of tax you pay. You'll need to hold a first direct Shares Account before you can open a Stocks and Shares ISA, which has a quarterly account fee of £10.50.

  • no registration fee or any additional management charges
  • online trading fees are only £10.50 for the first nine trades each calendar quarter, then just £7.95 after that
  • you select which eligible stocks and shares you want in your ISA
  • shares listed on the Alternative Investment Market (AIM) are also available for trading in our first direct Stocks and Shares ISA
  • transfer your existing cash ISAs and Stocks and Shares ISAs to us (be aware that this can take up to six weeks)
  • trade online or over the phone.

 

 

Don't forget, we - and all Stocks and Shares ISA providers - have to send ISA subscription details to HMRC so they can make sure no one goes over their limit.

Please see our full details of all our Sharedealing rates and charges here [PDF].

 

Are you eligible?

You can open a sharedealing account if you’re:

  • first direct current account customer
  • registered for online banking
  • a UK resident or UK Crown employee
  • at least 18 years old
  • not a US national/citizen/resident (eg a US passport holder)

Important Information

The value of investments (and any income received from them) can fall as well as rise, and you may not get back some or all of what you invested. For some investments exchange rate fluctuations will have greater impact to the value of shares depending on their level of exposure to overseas markets.

Any investment should be considered as a medium to long-term investment - so should be held for at least five years.

The value of the tax benefits depends on your individual circumstances - and tax rules may change at any time in the future.

The information on this site definitely isn't advice - we don't give financial advice. If you need any, you should speak to an independent qualified financial advisor.

If you apply direct, without first receiving advice, you should understand that we are not required to assess the suitability or appropriateness of funds for you. So, you won't be protected by the FCA's rules on assessing appropriateness, if you have any doubts about any investments, please speak to an independent qualified financial advisor.

Open a stocks and shares ISA

Apply now for a Stocks and Shares ISA

If you've got a first direct Sharedealing Account you can apply for a Stocks & Shares ISA online - log on, open your Sharedealing Account, go to Products & Services and select ISA.

Apply now for a Stocks and Shares ISA

New to first direct

This product is only available to first direct Current Account customers.  (you're more than welcome to join us...)

More about our current account

The UK FSCS Information Sheet and Exclusions List is relevant to cash balances maintained within the product account.

You can find general information about financial products and managing your money on the Money Advice Service™ website.