What is a Stocks & Shares ISA?

ISA stands for Individual Savings Account. A Stocks & Shares ISA allows you to invest up to £20,000 per year tax-free. 

There are many types of ISAs, such as Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs. Previously, you could only open and fund one account per ISA type each tax-year, but as of 6th April 2024, there is no longer a restriction around how many ISAs of each type you can utilise in a year (as long as you meet the eligibility criteria for each type, and with the exception of Lifetime ISA). For example, you could open and fund two of the same type of ISA, like two Stocks & Shares ISAs, as long as the total amount does not exceed the £20,000 limit.

Wombat offers a Stocks & Shares ISA. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future. We also offer a Junior Stocks & Shares ISA.