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Our trading account

A Trading Account allows you to invest in funds even if you’ve used up your annual ISA allowance. You can invest with a £500 lump sum or from just £50 per month.

Benefits of our Trading Account

Used up your annual ISA allowance but have more money you want to invest? Our Trading Account (also known as a General Investment Account) could be the solution.

  • No maximum limit to how much you can invest
  • Build a portfolio of funds to suit you with our step-by-step process
  • UK-based Customer Support should you have any questions
  • Access your investments online 24/7
  • No fees to transfer in or out

All investments carry a degree of risk so the value of your Trading Account can go down as well as up and you could get back less than you invest.

There's no minimum investment period but you should consider investing for 5 years or more.

How does it compare to a Stocks and Shares ISA?

No maximum investment limit

  • With our Stocks and Shares ISA you can invest up to £20,000 for the 2017/18 tax year. With our Trading Account there's no maximum limit.

Top up your ISA allowance

  • You could also use money in your Trading Account to top up your Stocks and Shares ISA if you have allowance still to use for the current tax year, to make the most of your tax efficient allowance.

Unlike an ISA, there are no tax benefits

  • Any income that you receive from your investments could be subject to income tax depending on your personal circumstances and whether you can use the new Personal Savings Allowance or Dividend Allowance.
  • Also when you cash in your investments you may need to pay Capital Gains Tax (CGT) if it takes you over your CGT allowance. Tax benefits may change in the future.

Investing in your Trading Account

We've got 2 ways you can invest into your Trading Account:

If you know which funds you'd like to invest in you can choose them now.

If you’re unsure which funds to invest in, you can place cash into your Trading Account and choose funds later.

Why keep cash in your account?

A little more time to research

You’ll have a little more time to choose funds after opening your account.

Move money without withdrawing

There’s the option to move money out of your investments briefly without withdrawing it – for example, while choosing which funds to re-invest in.

Earn interest on cash

You’ll earn a variable rate of interest on any cash in your account. Please see our interest rates page for the current rate.