1. Home
  2. Individual Savings Accounts (ISAs)
  3. Stocks and Shares ISA

Stocks and Shares ISA

Benefit from our investment expertise, one clear and competitive charge, and a share of our profits with ProfitShare when we do well.

If you're thinking about applying for our Stocks and Shares ISA, this page can help you understand what to consider before making your decision.

Start your ISA application  Start your ISA application Transfer an existing ISA  Transfer an existing ISA

What is a stocks and shares ISA?

A stocks and shares ISA is a tax-efficient way to invest your money to help it grow for the future.

Save tax on your investments

Invest up to £20,000 each tax year, free from UK income and capital gains tax. Tax treatment depends on individual circumstances and could change in the future.

Potential higher returns

Your investments could provide you with greater returns than cash savings over the longer term. Remember, the value of your ISA could go down as well as up and you could get back less than you paid in. 

Easy access to your money

Your money isn't locked away, so you can access it when you need to with no withdrawal fees.

There's more information on the rest of this page to help you understand the key things to know before you apply.

Start your ISA application  about What is a stocks and shares ISA?

Why choose our Stocks and Shares ISA?

  • Our Stocks and Shares ISA offers options for both new and experienced investors, including our ready-made Governed Range portfolios, and our full fund range.

  • We aim to boost your ISA by adding a share of our profits to your investments when we do well. We call this ProfitShare.

  • We combine all our costs into one clear and competitive charge, so you know what you're paying.

  • See how much is in your ISA and track your progress at any time through our mobile app.

  • If you're transferring an ISA to us, we won't charge anything for the transfer and we'll handle the entire process for you.

  • Our dedicated UK-based customer service team is here to help and support you.

What you need to know

  • To apply for our Stocks and Shares ISA you must be over the age of 18 and a UK resident.
  • Your money is invested, therefore the value of your ISA could go down as well as up and you could get back less than you paid in.
  • You cannot pay more than £20,000 into an ISA each tax year.
  • You can pay into more than one stocks and shares ISA each tax year.

Please read our Key Information Document (PDF).

Start your ISA application

Is a stocks and shares ISA right for you?

It's important to consider whether a stocks and shares ISA is right for your financial needs. There are a few things to think about before you open our ISA.

Designed for the longer term

You should be happy keeping your money invested for five years or more to give it more chance to ride out ups and downs in the market.

Investments will rise and fall

Your money is invested, which means you could get back less than you put in.

You're ready to start investing

You have some cash savings readily on hand for life's emergencies and you're not struggling with any debt repayments.

Get our help with investing

If you apply through our mobile app, you can get our help with investing using our free Targeted Support service. We'll check if investing is right for you. If it is, we'll match you to an investment style and give you a recommendation on how to invest your money based on what suits a group of people with similar goals and circumstances to you.

Learn about Targeted Support

 

Our charges

To keep things simple, we've combined all our costs into one clear and competitive charge, so you won't encounter unexpected costs when you invest with us.

There are no platform or service fees and you'll be able to see your charge when you apply.

See full charge details  

Our investment options

We have a range of ISA investment options for you to choose from, whether you're new to investing or an experienced investor.

Ready-made investments

With our Governed Portfolios, simply choose the one that most closely matches how much risk you're comfortable taking. Our investment experts do the rest.

Explore the Governed Portfolios  

Experienced investor?

Experienced investors are also free to use our Governed Portfolios. But, if you have more investment experience and prefer to be in the driving seat, you can build your own investment portfolio from our full fund range.

See the full fund range  

Not sure which investments are right for you? Our investment options page can help you choose your investments. You can also use our risk profiler tool to help you understand how much investment risk you're comfortable taking.

Transfer your ISA

If you have an ISA with another provider, you can transfer it to us when you apply for our Stocks and Shares ISA. We accept full and partial transfers - you can move any amount you want. Once your Stocks and Shares ISA is up and running, you can transfer other ISAs into it anytime.

We never charge for an ISA transfer.

Learn more about transfers  

Apply for our Stocks and Shares ISA

Existing customers

If you opened a pension with us since 2004, or have a Scottish Life pension, you can apply for a Royal London Stocks and Shares ISA straight away.

If your pension started before 2004, or you're an existing customer without a pension, go to our FAQs to see how to apply.

Start your ISA application  

New customers

If you don't already have a product with us, you'll need a financial adviser to apply for our Stocks and Shares ISA for you. We can help you find one.

Find a financial adviser  

More ISA guides

Your ISA questions answered

Got a question about our Stocks and Shares ISA? We’ve got you covered.

Yes. You can withdraw any amount of money from your ISA. You can request a withdrawal by logging into our mobile app or online service. You can also complete a withdrawal form and return it to us or you can contact our UK-based customer service team. Once you’ve requested a withdrawal, you should receive your money in 1-2 working days.

When you apply, you will be asked to select where you'd like to invest your money before you open your ISA. Our investment options page can help you choose.

Once you've opened your ISA, you can change your investments at any time. The quickest way to do this is by logging into our online service. You can also complete and return our Change of Investment Form.

You can get our help with investing using our free Targeted Support service when you apply using our mobile app. Targeted Support is a way for Royal London to provide help with investing without giving independent financial advice (which is paid for).

We'll check whether investing is right for you, then match you to an investment style and recommend where to invest your money - based on what works for people with similar goals and circumstances.

Or you can choose your own investments and set up the ISA yourself.

Yes, you can change your payments at any time after you've opened your ISA. Simply log in to our online service to change your regular contributions or make a single payment. You can also do this by completing and returning our New Money In Form.

You can open our ISA with a minimum of:

  • £50 per month and/or
  • A single contribution of £500 and/or
  • An ISA transfer of any amount.

You have to be a Royal London customer to apply directly with us. To apply online, you need to have taken out a pension with us since 2004 or have a Scottish Life pension. If you took out a pension with us before 2004, or have any other product with us, you need to apply using our application form. If you're not currently a Royal London customer, you'll need to apply through a financial adviser.

Yes. If Royal London is unable to meet its liabilities, the FSCS will protect you for up to 100% of the value of your ISA. Losses resulting from poor investment performance aren't covered by this.

We do not currently offer a cash ISA.