Here is an alternative to a Cash ISA...
What is an Investment or "Stocks & Shares" ISA?
It is an investment alternative to a Cash ISA, that allows you to invest up to £10,200 in a tax year. As with a Cash ISA you benefit from tax relief.
Please note that the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.
Is it an expensive alternative?
Not necessarily, buying and selling stocks and shares incur commission charges from £9.95 per trade for online trades, but these charges do not apply when investing in funds. It is important to note that fund purchases don't incur commission but may have a Fund Manager charge.
For more details on pricing, click here to view our Rates & Charges.
What can I invest in?
TD Waterhouse offers a wide range of investment options to suit different types of investor, whether you are just starting out or are a seasoned trader.
| INVESTMENT OPTION | DETAIL | CHARGES |
|---|---|---|
| FUNDS | More than 1120 unit trusts and OEICs from fund providers including Neptune, Rathbones, Legal & General, HSBC, Fidelity and many more. | More than 780 available with initial sales charges up to 0.5% Max. |
| STOCKS | Trade in UK Stocks & Shares and trade on 17 International Markets (15 of which are online). | From £9.95 commission per trade for online trades. |
| OTHER | Bonds & gilts, investment trusts and UK Exchange Traded Funds. | From £9.95 commission per trade for online trades. |
For details of charges click here to view our Rates & Charges.
Why invest with TD Waterhouse?
Not only do we offer a wide range of ISA eligible investment choices but we also do not charge an Annual Administration fee on any ISA with a balance of more than £3600. (*Terms Apply)
We also do not charge any fees for inactive TD Waterhouse Trading ISA's no matter what the balance.
For competitor pricing have a look at the Comparison Table.
Annual Admin Fee Comparison
Based on an account valuation of £20,000.
| TD Waterhouse | £0 |
| Selftrade | £41.13 |
| Barclays | £58.75 |
| Halifax | £117.45 |
| Abbey | £117.50 |
| The Share Centre | £117.50 |
Information correct at 23/06/10. Fees shown are the equivalent annual fees and are inclusive of VAT. Assumes investment in individual stocks and shares.
How can I apply?
You need to be a UK resident and have a National Insurance number to be eligible to open an ISA.
You can click on the link below and follow the instructions to complete an application which should take about 10 to 15 minutes. Please note that you will be asked to fund your ISA with £100 so the account can be opened.
You can transfer your Cash ISA into your new Stocks & Shares ISA, but it is important to note that under HMRC regulations, a Stocks & Shares ISA cannot be transferred back into a Cash ISA.
The value of your investments can go down as well as up. You may not get back all the funds you invest.
Ways to Apply
Apply Online
Download an ISA Transfer form
*Zero Fee ISA Terms
- These terms only apply to new ISA accounts with TD Waterhouse Investor Services (Europe) Limited opened on or after 1st October 2007. The customer must be 18 or over and a UK resident and ordinarily resident.
- ISA accounts with a value on the last business day in May each year of £3,600.00 or greater will not be charged an annual administration fee.
- ISA accounts with a value on the last business day in May each year of £3,599.99 or less will be charged an annual administration fee of £30 plus VAT on or around the first business day in June.
Or find out more...
Benefits of a Trading ISA
- £0 annual admin fee and no set up fees (*Terms apply).
- Control your own investment by choosing from a wide range of investment options.
- As with all Stocks and Shares ISAs you can invest up to £10,200 in a tax year without paying tax on what you earn from your investment.
- Mix and match investments from any fund management group within one ISA. More than 1000 discounted funds to choose from.
- Trade online or by Telephone.
- Stock held for you by our Nominee Service.