Compare Standard Life ISAs
Compare ISAs from Standard Life and other ISA options available.
Investment ISAs put your capital at risk & you may get back less than you originally invested
Standard Life ISA
Standard Life plc is a savings and investment company based in Edinburgh, Scotland. Tracing its roots back to 1825 it now has operations worldwide. Standard Life offer Stocks and Shares ISA products to UK customers.
Finding a Stocks and Shares ISA
Each eligible individual can only open one new stocks and shares ISA per tax year, although it may be possible to transfer. This means before committing to a product is can be a good idea to shop around what a range of different providers could offer you to try and find the best deal available for an ISA that suits your investment needs.
You can use the tables on this site to compare a selection of different ISAs, at the same time, from a range of providers and follow the links to find out more or apply.
About Stocks and Shares ISAs
A Stocks and Shares ISA is an investment tool that provides a tax-efficient wrapper, up to the maximum ISA allowance, for an individual’s capital. The money held within an investment ISA can then be put into a range of qualifying investments which can include; bonds, gilts and funds as well as stocks and shares. Remember that when investing that the value of your investments can go down as a well as up and you could get back less or none of what you originally invested.
With a stocks and shares ISA there is no capital gains tax to pay on gains on investments held within the ISA, dividends incur a 10% income tax at source but there is no further income tax to be paid.
Other ISA types
In addition to investment ISAs there are other types such as innovative finance and cash ISAs. As these products are entirely different ISAs from each other you are allowed to open them in addition to an investment ISA within the same tax year so long as you do not exceed your overall ISA allowance.
Cash ISA – Work much like a normal savings account in that money deposited into the account accrues interest. The main difference is that all of the money held within the account, up to the maximum allowance, is paid tax-free. There are different types of cash ISA available such as instant access and fixed rate, so savers can choose a product that fits how they want to save.
Innovative Finance ISA – Offer a way for individuals to invest using Peer to Peer in a tax-efficient manner.
Frequently Asked Questions
Am I committed to one ISA provider forever?
No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.
Are ISA accounts safe?
ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.
Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses.
Can I lose money in an ISA?
You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.
Can I withdraw money from an ISA?
You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.
You can withdraw from a variable-rate Cash ISA at any time.
Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.
How do I withdraw money from my ISA?
Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.
How long does it take to withdraw from an ISA?
Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
When does the ISA tax year run to?
The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.
Will I be charged for an ISA?
A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.
A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.