General Investment Account (GIA)

A Wombat GIA is a great way to invest outside of your ISA allowance. GIAs are subject to tax, but you can invest an unlimited amount. Start from just £10.

Remember, your capital is risk.

Open an GIA wombat qr code
Thank you! Your text has been sent!
Oops! Something went wrong, please try again.
Apple app store logoGoogle play store logo
Trust Pilot rating of Wombat invest

Rated Excellent on Trustpilot

FSCS Protected​

Your money may be protected up to £85,000 by the Financial Services Compensation Scheme (FSCS)

Security​

Bank-level encryption. No data sharing with third parties without consent.

Trusted

Loved by new and experienced investors alike. 

What is a General
Investment Account?

Unlimited investing

Unlimited commission-free trading of stocks and Themed exchange-traded funds (ETFs).

Tailored options

Open different General Investment Accounts to suit your investment goals.

GIAs are subject to income and capital gains tax. The capital gains tax allowance on a General Investment Account is currently £12,300 (2021/22 tax year). This is the amount of realised profit* you can make in the tax year before it becomes taxable. *Realised profit means gains you’ve converted into cash. Tax rates and reliefs from them can and do change, sometimes without notice.

Taxable

GIAs are subject to income and capital gains tax. What does this mean?

What you get with
a Wombat GIA

Commission-free trading

Unlimited commission-free trading of stocks and funds (ETFs). Other fees may apply, please see our pricing table

Fractional shares

Own part of your favourite brands from just £10.

View our fractional shares

Start with £10

Access everything Wombat has to offer from £10 initial deposit.

Easy access

Withdraw your money anytime, with no fees from us.

Investing Account types

More account choice

Choose between an Instant US trading GIA, or Standard ‘Once a day trading’* GIA.

See our Instant GIA

"Once a day" means your buy/sell orders are executed once a day, regardless of when they are placed by you. You can make more than one trade a day but all trades will happen at the same time. If you place a trade after the daily execution point, it will be made the next day.

A General Investment Account to suit you

All Wombat plans come with GIAs. See what’s right for your goals.

Standard

£1

Per Month

  • ISA and/or GIA

  • Unlimited commission-free trading

  • Once a day buy/sell orders

  • Fractional shares from £10

  • Selection of US, UK, EU stocks

  • 20+ Exchange-Traded Funds (ETFs)

  • Auto Investments

  • Round Ups

  • 0.10% annual platform fee

  • 0.75% FX fees on foreign shares

  • 0.07-0.75% annual fund manager fee (ETFs/Funds only)

Remember, your capital is at risk.

Instant

Free

Invest instantly in US stocks and shares commission-free.

  • ‘On the spot’ trading*

  • No paywalls, trade any available stock for free**

  • Unlimited commission-free trading**

  • Popular US stocks and shares

  • Invest from £10 with Fractional shares

*within market opening hours
**FX fees (0.65%) apply
Remember, your capital is at risk.

Cashback coincoin text

Remember, your capital is at risk. Foreign exchange & other fees may apply, please see our pricing table. The rate of exchange may affect the returns you receive

Wombat Standard ISA/GIA comparison

Based on £10,000 portfolio value

Subscription
£1 per month
£1 per month
£3 per month
-
Platform Fee
0.10%
0.45%
-
0.15%
Fractional Shares
Tick icon
Cross icon
Tick icon
Cross icon
Themed Funds
Tick icon
Tick icon
Cross icon
Tick icon
Instant Deposits
Tick icon
Cross icon
Tick icon
Cross icon
Auto Invest
Tick icon
Tick icon
Cross icon
Cross icon
Round Ups
Tick icon
Tick icon
Cross icon
Cross icon
Trade Fee
-
-
-
£7.50
Trade Frequency
Daily
Weekly
Every 5 mins
Daily

*The fees you pay are usually based on your portfolio value, the funds you hold, the types of stocks and shares you trade and how often you trade them. We've attempted to provide you with the most comprehensive comparison possible, but you need to bear in mind suitability to your individual circumstances. Our Standard plan also has a 0.75% FX fee on foreign shares, as well as a 0.07-0.75% annual fund manager fee (ETFs/Funds only). Each provider may charge variable fund manager and FX fees and for most up to date information, we recommend that you check all websites regularly. Wombat do not offer financial advice. Comparisons based on pricing and costs published by each brand on their respective websites as of 16 February 2022. This information is for illustrative purposes and you should check the relevant website for most up to date information.

Wombat Instant GIA comparison

Subscription
£0
-
£9.99 for all stocks
£0
£0
Fractional Shares
Tick icon
Cross icon
Tick icon
Tick icon
Tick icon
Instant Deposit
Tick icon
Tick icon
Tick icon
Tick icon
Tick icon
No Deposit Fees
Tick icon
Tick icon
Tick icon
Cross icon
Tick icon
Trade Frequency
Instant
Instant
Every 5 Mins
Every 5 Mins
Depends on dealing methods
Execution Fee
-
£9.95
-
-
£11.95
Trading Paywalls
Cross icon
Cross icon
Cross icon
Tick icon
Cross icon
Inactive Fees
Cross icon
Cross icon
Cross icon
Tick icon
Cross icon
Cashback
Info icon

What is cashback, you ask?

Boost your portfolio every time you invest with our Instant plan. Get up to £100 cashback on each buy straight into your Wombat cash account. See the full Terms and Conditions here.

Tick icon
Cross icon
Cross icon
Cross icon
Cross icon

*The fees you pay are usually based on your portfolio value, the funds you hold, the types of stocks and shares you trade and how often you trade them. We’ve attempted to provide you with the most comprehensive comparison possible, but you need to bear in mind suitability to your individual circumstances. Wombat do not offer financial advice. Comparisons based on pricing and costs published by each brand on their respective websites as of 16 February 2022. This information is for illustrative purposes and you should check the relevant website for most up to date information."

See what our customers love about Wombat

Frequently asked questions​

What is a GIA?

A General Investment Account is a standard investing account which is NOT tax-free. This means that you are liable to pay taxes on your investments. However, there is no limit to how much you can invest, or how many GIAs you can have.

Which account is right for me?

Generally, we would recommend using an ISA if you are able to. This means, if you haven’t yet opened or funded a Stocks and Shares ISA this tax year, and if you haven’t used your £20,000 ISA limit. A GIA is a great choice if you HAVE already opened or funded an ISA elsewhere, or if you’ve reached your £20,000 ISA limit.

Do i need my National Insurance number to open a GIA?

A National Insurance Number is required to open a GIA Wombat Account.

What is capital gains tax?

Capital gains tax is what you will pay if any gains above £12,300, subject to having no other investments.

Your capital gains tax allowance includes all the realised gains you make across any investments you’ve sold that year (i.e. stocks and funds, but also rental properties or art). If your total net capital gain for the year is within the government allowance (£12,300 in the 2021/22 tax year), it’s tax-free and there’s no need to report it.

Significantly, any capital losses you’ve realised that year (i.e. investments you’ve sold at a loss) count against your gains, which could keep you under the allowance. For instance, if in a tax year, you sell one investment at a £30,000 gain and another at a £18,000 loss, your net capital gain is £12,000 and under the allowance.

Capital gains tax is calculated on the gain from the original date of purchase, not the growth of your portfolio year-to-year. If you’re planning to invest for the long term, compounding means £12,300 becomes an achievable gain on comparatively small initial investments.

Any gains over the capital gains tax allowance of £12,300 should be declared on your annual HMRC self assessment tax return.

Invest, save and grow your money

One app for your instant trading and long-term investment goals. Invest in the brands that matter to you with global stocks, auto investing and more.

Apple app store logoGoogle play store logo

Remember, your capital is risk.

Open an GIA wombat qr code
Thank you! Your text has been sent!
Oops! Something went wrong, please try again.
Trust Pilot rating of Wombat invest

Rated Excellent on Trustpilot

Scan to download the app

Thank you! Your text has been sent!
Oops! Something went wrong, please try again.