Stocks and Shares ISA FAQs

If you added money to your ISA in the previous tax year, you can add money to your ISA as normal. Debit card payments will automatically subscribe to the current tax year.

If you did not add money to your ISA in the previous tax year, you will need to use our ISA missed tax year feature before you fund your ISA account.

To do so, you will need to select Account > Add an account. Then click account upgrades and missed ISA tax year. 

You must confirm your date of birth and national insurance number before adding money. 

Please make sure that your ISA account number is showing at the top of the screen before you attempt to add money to your account.

In each tax year, you can open one of each type of ISA. 

You can have multiple Stocks and Shares ISAs as long they were opened in different tax years. However, you can only invest in one of them in a tax year. 

You can open a Stocks and Shares ISA if you are a UK resident aged 18 or over. 

Stocks and Shares ISAs are suitable for individuals who are confident making their own investment decisions. 

You can trade on all the international markets we offer – providing the investment is eligible for trading within an ISA. 

You can check if an investment is eligible for trading within an ISA by using the search tool on our home page. If you select an investment, you will be able to see which accounts it can held in on the top right hand corner of the page. 

The only currency you can hold in an ISA is sterling. Therefore, a foreign exchange conversion will take place each time you buy or sell investments which are not listed in sterling. Foreign exchange fees apply. 

You can take shares which you hold within your ISA account as share certificates. Please contact us to arrange this. 

Please be aware that:

• Withdrawing shares from an ISA as certificates will mean the shares lose their tax efficient status. Your shares will then be subject to capital gains tax and income tax.
• You cannot withdraw international shares as certificates.
• Certain UK shares cannot be held in certificate form. For example, International Airlines Group (IAG) and Banco Santander (BNC).

No, our ISA is not a flexible ISA. 

A flexible ISA allows you to withdraw money and then replace it without using your ISA allowance. 

After you take money out of your ii ISA, you must use your remaining ISA allowance to put money back in. You can still top-up your ISA, but only up to your annual ISA allowance.

If you move abroad, you cannot put money into your ISA after the tax year that you move. 

However, you will be able to keep your existing ISA open. You will be able to add money to it again if you move back to the UK. 

Crown employees and their spouses can continue to put money into their ISAs as usual while living abroad.

You can transfer maturing Sharesave scheme shares directly into an ISA. You need to do this in the 90 calendar days following the Sharesave maturity date. 

To transfer, you will need to send us:

• The valid certificate/s.
• A Crest Transfer Form (for UK shares).
• The letter of appropriation / notice of exercise from the company running the scheme.
• Clear written instructions, including what you would like us to do with any balance of shares. For example, you can deposit them in your trading account or request a balance certificate.

Please send these to us at:

Settlements Department
Interactive Investor
2nd floor
One Embankment
Neville Street
Leeds
LS1 4DW

You can contribute to an ISA if you are the account holder, their spouse, civil partner or immediate family member. Please remember, the maximum you can contribute in a single tax year is £20,000 (2021/22).

A Junior ISA must be opened and managed by a parent or guardian. Once open, anybody can contribute to it up to the maximum annual allowance of £9,000 (2021/22).

If a share you hold is changed to become non-ISA qualifying by HMRC, we will let you know. 

We'll get in touch either by letter or email, depending on your preferences. You will have the option to sell the holdings or move them into a Trading Account. Once you've decided what you want to do, please let us know by calling us. 

Please note that due to the rules governing non-qualifying stock, we may need to sell the shares on your behalf if we don't hear from you within 30 days.