What is a Stocks and Shares ISA?

A Stocks and Shares ISA is a savings account that you can put a range of investments into.

You pay no tax on any money you make from those investments - for example, through dividends, interest, income or growth.

To open a Stocks and Shares ISA with Nationwide, you can:

  • choose an investment online, or
  • get investment advice from a financial adviser

Bear in mind, you can only open one Stocks and Shares ISA each tax year, which starts on 6 April.


How does a Stocks and Shares ISA work?

We explain the basics of Stocks and Shares ISAs in this handy 2 minute video:

How much can you put into a Stocks and Shares ISA?

There's a limit to how much you can pay into ISAs each year. This is your ISA allowance.

Your ISA allowance is £20,000 for the 2022/23 tax year. The tax year starts on 6 April each year.

You can split your allowance between a Stocks and Shares ISA and a Cash ISA, or you can put it all in one of them.

Withdraw your money at any time

You can take your money out of a Stocks and Shares ISA at any point, or switch investments, without any penalty charges.

What does tax efficient mean?

When you use a Stocks and Shares ISA, 'tax efficient' means:

  • No tax on your investment return.
  • No further tax to pay on any dividends or interest received.
  • No Capital Gains Tax (CGT), which may be relevant if you have used up your annual CGT allowance.

Information:

This information is based on our current understanding of HMRC tax rules, so it may change and will be personal to your circumstances. For the latest information, please check gov.uk (opens in a new window)

To apply for a Stocks and Shares ISA

You need to:

  • Have not opened a Stocks and Shares ISA since 6 April.
  • Have some or all of your ISA allowance remaining.
  • Have £20 or more to invest.
  • Be aged 18 or over.
  • Be a UK resident.
  • Be a Nationwide member.

You’re a member when you have a Nationwide mortgage, savings or current account.

Find out more about Nationwide membership

Important:

The value of your investments can go down as well as up and you may get back less than you originally invested.

Investing is a long-term strategy. You should be comfortable investing for at least 6 years to ride out fluctuations in the market, but you can take your money out at any time without paying a withdrawal fee.


General Investment Account

Already got plans for your ISA allowance?

There’s no limit on how much you can pay into this account, but any investment return may be taxed.


Investing through Nationwide

We’ve worked with Aegon, our trusted investments provider, to bring you a range of carefully selected funds.

By investing with us, you can:

  • Invest with a lump sum, monthly payments or both.

  • Maximise your ISA allowance with a Stocks and Shares ISA, or we offer a General Investment Account.

  • Get quarterly statements on your investment's performance

  • Keep an eye on your investments and make any changes by logging in to Aegon’s dashboard

  • Withdraw your money and switch between investments without penalty charges.

Bear in mind, we offer the investments and access to Aegon's dashboard as a package. They may be available separately through other providers.

Who are Aegon

Aegon are our investments provider, and one of the largest asset management companies in the UK. We’ve worked with them to create the range of funds we offer to our members, expertly balancing expected returns and risk.


How to start investing with us

There are two ways to invest with us, depending on how confident and experienced you are.

Get investment advice first

Get personal, straightforward advice and your own custom-made investment plan from one of our expert financial advisers.

  • Start investing from £400 a month or a £20,000 lump sum
  • No charge for an initial consultation - unless you choose to invest

Invest on your own

Or if you're comfortable picking your own investments, choose one of four expertly created and managed funds.

  • Start investing with a lump sum of £20
  • Choose the level of risk that's right for you