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A Stocks & Shares Individual Savings Account (ISA) is a type of savings and investment account where your money is invested in different types of investments, such as funds, bonds or stocks. It’s a tax-efficient way to save and invest money in the long term, as you won’t pay income or capital gains tax on any returns you could make.
It’s important to think about how much risk you want to take when investing with a Stocks & Shares ISA. We’ll explain more about this later on.
Next, we’ll look at how much money you can put into your Stocks & Shares ISA.
The rules on how much money you can put into an ISA change every tax year. This is called the ‘ISA Allowance'.
For the 2020/2021 tax year (ending 5 April 2021) you can invest up to ￡20,000 in a Stocks & Shares ISA. You can even split that amount over different ISAs in a tax year, but not two of the same type. For example, you could have ￡10,000 in a Stocks & Shares ISA and ￡10,000 in a Cash ISA in the same tax year.
You can learn more about the ISA allowance in our ‘What is an ISA?’ guide.
Now, let’s take a closer look at how your money is invested with a Stocks & Shares ISA.
Your investment options depend on which provider you choose. For example, money saved into a Standard Life Stocks & Shares ISA is invested in funds.
Here’s a breakdown of different investment types:
You can learn more about how investing works in our handy investment guides.
Remember: The value of your investments can fall as well as rise, and they may be worth less than you paid in.
The Standard Life Stocks & Shares ISA offers an ‘Easy’ and ‘DIY’ investment option.
Pick a fund option for the level of investment risk you’re comfortable with. The team at Aberdeen Standard Investments will then manage your investments to get the best possible returns.
This could be a good option if you’re new to investing or don’t have time to manage your own investments.
You’re in charge with the freedom to choose from the full range of thousands of investment funds.
If you have the time and confidence to pick and manage your own investments, then this could be the option for you.
You can learn more about the Standard Life Stocks & Shares ISA, try our ISA calculator and read about investment basics here: