1. Home
  2. Individual Savings Accounts (ISAs)
  3. Stocks and Shares ISA
  4. Before you apply for our Stocks and Shares ISA

Before you apply for our Stocks and Shares ISA

A stocks and shares ISA is designed for medium to long term investing – typically five years or more. You won’t pay income tax or capital gains tax on any profits or withdrawals.

Here are a few important things to know, you should read through steps 1, 2 and 3 before proceeding with your application.

Step 1: Make sure it’s right for you

Take a moment to check if our Stocks and Shares ISA is right for you.

  • You need to be 18 or over and a UK resident.
  • You can pay into more than one stocks and shares ISA per tax year.
  • The total ISA allowance for the 2025/26 tax year is £20,000.
  • If you’re contributing to other ISAs, make sure your total contributions don’t exceed the annual limit - if you do, you could end up paying tax on the excess.
  • As your money is invested, the value of your ISA could go down as well as up and you could get back less than you paid in.
  • It's important you understand the charges you’ll pay. Visit our charges webpage to learn more.
  • Tax treatment depends on individual circumstances and could change.

Step 2: Choose your investments

Your Stocks and Shares ISA is invested so you’ll need to select where you’d like to invest your money before you start.

We have a range of options:



Step 3: Apply in around 5 minutes

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’ll need:

  • Your bank details (if you’re making contributions to your ISA)
  • If you’re transferring an ISA, you’ll need the provider’s name, account number and the amount you want to move.

How to apply

  • Go to our mobile app

    If you're registered for our mobile app, it's quick and easy to apply. Just log in and follow the steps to get started with our Stocks and Shares ISA.

  • If you've had a pension with us since 2004 (or with Scottish Life) and have registered for our online service

    Most customers who have a pension plan with us since 2004 (or Scottish Life) can apply straight away by logging in using the email address and password you used to register.

  • If you haven’t already registered for our online service

    We’ll need you to set up an online account. This is quick and easy to do, all we need is your mobile number, email address, national insurance number and your Plan Number which is on your annual statement.

  • If you've had a pension with us before 2004

    If you have a pension with us before 2004, or if you 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 for our Stocks and Shares ISA through a financial adviser. We can help you find a financial adviser.

Apply for our Stocks and Shares ISA

It's easy to apply online and it only takes around 5 minutes to open your ISA.

Apply now