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What is an ISA?
ISA stands for Individual Savings Account. It is a special type of savings account that allows your savings to grow free of tax.
Your ISA is also a personal tax shelter (also called a “tax wrapper”) The gains your savings or investments make are not subject to capital gains tax and neither the interest nor capital taken out of your ISA account is taxed.
There are two types of ISA:
Cash ISA
Stocks and Shares ISA
Savers can invest in two separate ISAs in any one tax year: one Cash ISA and one Stocks and Shares ISA. You cannot invest in either two cash ISAs or two stocks and shares ISAs in the same tax year.
How much can you pay into your ISA?
HB Markets does not offer a Cash ISA. Therefore take care when deciding how much to invest in your Stocks & Shares ISA (Advisory or Execution Only) with HB Markets. If you have a cash ISA deduct the sum invested from the total amount allowed each year and the balance is what you can invest in stocks and shares.
| CASH ISA | STOCKS AND SHARES ISA | TOTAL ISA ALLOWANCE |
| £2,200 | £8,000 | £10,200 |
| £4,000 | £6,200 | £10,200 |
| £5,100 (max) | £5,100 | £10,200 |
| £0 | £10,200 (max) | £10,200 |
Why you should have an ISA?
Notwithstanding the tax benefits from saving in your own ISA the process of so doing gives you a great deal control over what happens to your savings. Many investors like to combine all their savings and investments under one umbrella making the process far easier as well as tax efficient. Finally, an ISA will give you the chance to create a portfolio to match your investment needs or objectives.
Get FREE advice on your ISA investments
You may not need any help, guidance or advice over which savings or investments are placed in your ISA. If you are comfortable with this ‘do it yourself’ way of investing then fine we will execute your transactions accurately and swiftly. Because you are making the decisions regarding what and where to invest the service we provide is called ‘Execution Only’ because we simply execute your instructions.
On the other hand you may not have to time, the inclination or you may feel you lack the knowledge to invest in your ISA in which case why not consult our experts? Our advisory brokers are highly qualified and very experienced in advising clients how to achieve their investment objectives. All you need is speak to them – why not call them now on 020 7382 8384
To summarise there are two ways to operate your ISA Account.
- Advisory ISA Service - if you would like help in choosing your ISA investments, use our Advisory ISA Service? You will have access to your own personal broker via the telephone.
- Execution Only ISA Service – simply call us with your investment instructions and we will complete your transactions accurately and efficiently
Call 020 7382 8384 now!
Caution!
If you are unsure as to the suitability of an ISA, we recommend you consult an independent Financial Adviser.
Although ISAs currently allow you can keep all the proceeds from your investment tax-free - there is no Income or Capital Gains Tax to pay - tax regimes are subject to future change.
Open your HB Markets ISA today
Whichever ISA account you wish to operate call us now on 020 7382 8384 or download and complete our ISA Subscription Form below.
Please send the completed ISA Subscription Form to:
ISA Department
HB Markets plc
131 Finsbury Pavement
London
EC2A 1NT
Save Money on ISA Fees - Transfer to One Provider
If you hold a number of ISA with more than one provider you could transfer them to us and save on fees. Firstly, this could save you money if you have invested with different providers or if your other provider charges a percentage fee of your overall portfolio value each year. Secondly put all your ISA’s with HB Markets and pay only one annual management charge (£50.00pa) – no charge for the first year.
Transfer to HB Markets today and pay no annual administration charge at all for the first year. Call us now on 020 7382 8384 or download and complete our ISA Transfer Form below.
Please send the completed ISA Transfer Form to:
ISA Department
HB Markets plc
131 Finsbury Pavement
London
EC2A 1NT
ISA Charges
• 1.6% per trade below £10,000
• 1% per trade £10,000 +
• Annual Management charge of £50 for an ISA - First year FREE
• £25 - Plan Closure charge
• Dividend collection - Free
• Transfer in of existing account - Free
• Transfer in of shares - Free
• Withdrawal & Deposit of cash - Free
Other Charges
• We may charge £20 each time the sale of a trade is not fulfilled within one Business Day after its Settlement date.
• We reserve the right to apply interest charges at 8% above our bank’s published lending rates for any late settlement of purchase transactions.
• Invalid stock rejection from Registrars £15.
(Stock Certificates deposited by you that are rejected by Registrars as invalid will incur this administration charge per rejected stock).
• Withdrawal of Share Certificates will incur an additional charge of £15 per item.
(Requests to withdraw shares from electronic holding at HB Markets back to you as a Certificate will incur this additional charge).
• Insufficient documentation when depositing stock - £15.00
• Declined cheque return fee - £15.00
Other Services
• Internal Stock Transfer - £15 per item.
(Transfer of stock between accounts at HB Markets).
• Transfer of Holdings to other institutions - £15 per item.
• Transfer of foreign holdings outside of Crest via Agent- £40 per item.
• Overseas market listed share certificate deposit £50 per line of stock.
• Splitting bargains - £10 per item.
• Audit requests - £15 per item.
• Probate Valuations – £75 or 0.5% whichever is greater.
• Sales of shares under probate - our normal agency commission rates apply –
On the first £0-£10,000 1.65%
On the next £10,001 – and above 1%
Minimum charge £17 per line.
• Corporate action handling - £10 per item.
(Dividend collection – Free)
• Request for duplicate dividend voucher - £10 each.
• Request for hard copy of annual reports - £10 each. (Free if requested online).
• Request for statements - £5.00 (Available free online).
• Request for duplicate contract note - £5.00
• Tape recordings of telephone conversations - £25 minimum charge (full details of charges on request).
• Customers holding cash on their account with us will be paid interest at a rate 2% below the Bank of England base rate or zero, whichever is greater. Interest is calculated daily and credited at the end of each quarter. We reserve the right not to credit interest where the amount would be less than £5 per quarter.
• Stamp Duty - UK Equities 0.5% on all purchases. Different rates may apply to Foreign Market listed shares.
• PTM Levy - Panel of Takeovers & Mergers Levy - £1.00 on all transactions of £10,000 and over for UK Equities.
(Where applicable all charges are inclusive of VAT)
Risk Warnings
Click here to see full Risk Warnings
Please read our Terms & Conditions for ISAs
