What is a Stocks & Shares ISA?
An Individual Savings Account (ISA) allows you to buy shares in companies that matter to you, or invest in our themed funds (ETFs). Themed funds are baskets of multiple companies that help you diversify your portfolio and protect yourself from market volatility. The benefits of an investment ISA are:
Tax efficiency
You're not required to pay capital gains or income tax on your profits or dividends.
Annual allowance
Invest up to £20,000 for the 2022/23 tax year.
You can only open one Stocks & Shares ISA per year. Find out more about ISA transfer. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future.
Why open a Stocks & Shares ISA with Wombat?
Commission-free
Commission-free investing*. See our pricing here
US, UK and EU shares
Diversify with access to US, UK and EU shares. View shares list
Auto Invest
Invest any amount automatically with Auto Invest
Fractional shares
Invest in fractional shares from £10
20+ Themed Funds
20+ Themed Funds (ETFs) to match your ambitions. View ETFs list.
Round Ups
Easily invest your spare change with Round Ups
*Other fees apply.
How to open an Stocks & Shares ISA
Opening an ISA is simple with Wombat. You'll need your National Insurance number and a form of ID before you get started.
Select the Standard ISA account
Create ISA account and verify your identity
Link your bank and add money
Invest
Your dream portfolio
Invest in leading brands and funds across tech, business, entertainment and sustainability.
Remember, when you invest your capital is at risk. See our pricing here
Stocks & Shares ISA pricing
Fees for our award-winning ISA are some of the lowest in the UK.
*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, and 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.
FAQ
Yes, you can open multiple accounts. For example, you can open an Instant GIA and a Standard ISA and/or Standard GIA. With Wombat, it’s easy to monitor the performance of all of your accounts. Once you’re in the app, you can easily switch between your accounts by selecting the account name in the top left of the screen, and selecting the account you want to change to.
Generally, we would recommend using an ISA if you are able to. You can open multiple ISAs each year, as long as they are different types of ISA. e.g. you can open a Cash ISA and a Stocks & Shares ISA within the same tax year, but you cannot open two Stocks & Shares ISAs within the same year. In addition, the combined limit for all ISAs you own is £20,000 each year. This means you can only deposit £20,000 across all of your ISAs combined in any one year. However, you can easily transfer an existing Stocks and Shares ISA from a different provider to Wombat. If this is something you are interested in, please contact our customer support team at support@wombatinvest.com to assist you with the process.
A GIA is a great choice if you have already opened or funded an ISA, or if you’ve reached your £20,000 ISA limit. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future.
You can make as many trades as you like, but the trades will only complete when the stock market is open. The majority of shares available for our Standard accounts are traded on the UK market, however, a selection of US stocks are available too. We trade once a day (this allows us to keep the account fees low) shortly after 15:00 each business day. Trades on this account will complete shortly after 15:00 (if placed before the market opens, any trades placed after this will complete on the next working day).
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Build your wealth your way
An ISA is an “Individual Savings Account”. If you have an ISA, you can invest up to £20,000 per year completely tax-free. There are many types of ISAs, such as Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs. You can have multiple accounts in each type, but you can only open, and fund, one account per ISA type each year. 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.