What do I need to open an ISA?
It depends on which type you want to open – a cash or investment ISA.
To open a cash ISA, you’ll need your National Insurance number and must not have:
- Subscribed to another cash ISA in the same tax year
- Used your total annual ISA allowance in an investment ISA (also known as a stocks and shares ISA) and/or an innovative finance ISA.
If you’re a Barclays customer, you can open a cash ISA in branch, through Online Banking or by calling 0345 744 5445*^ .
If you’re not a Barclays customer, you can open an instant cash ISA or a flexible cash ISA online or in branch. If you’re applying in branch, you’ll need to bring in a current, full UK passport or UK photocard driving licence and proof of address.
To open an investment ISA with Barclays Stockbrokers, you’ll need your National Insurance number and either a valid debit card or your Barclays bank account details – you can’t fund an investment ISA with a credit card. You can invest your money in any one of our investment products online, or by calling 0800 279 6551* or 0141 352 3909* with a minimum of £5. If you’re adding to an existing account, additional investments start from £50.
Barclays direct investing
To open an Investment ISA with Barclays direct investing, you need your National Insurance number and either a valid debit card or your Barclays bank account details – you can’t fund an Investment ISA with a credit card. You can invest online or by calling 0800 279 3667* or 0141 352 3919*. The minimum deposit is £1 and you can start investing straight away.
You can’t have opened another investment ISA in the same tax year and you can’t have invested more than the current year’s ISA allowance set by HM Revenue & Customs whether it’s in this single investment ISA or spread across the investment, cash or innovative finance ISA.
If you’re considering an investment ISA, make sure you only invest what you can afford to lose, and that you have enough savings to cover any short to medium-term needs.
The investments we sell are generally designed to be held for the medium to long term, usually 5 to 10 years. The value of investments can fall as well as rise, so you could get back less than you invest.
Eligibility for tax relief within an ISA depends on your personal circumstances, and the favourable tax treatment of ISAs could change in the future.
You must be 16 years old or over and resident in the UK for tax purposes.