Our investment accounts

Investment ISA

An Investment ISA is a tax-efficient wrapper in which you can buy, hold and sell investments such as funds, shares and bonds.

• If you’re prepared to accept the risk that you might lose money, our Investment ISA gives you access to a wide range of investment opportunities to help you reach your financial goals.
• You have an ISA allowance of £20,000 in the 2022-23 tax year – this can be split between cash, investment, innovative finance or lifetime ISAs.¹

Investment Account

Once you’ve used up your annual ISA allowance, our Investment Account gives you access to an even wider range of investments.

• Choose from a range of investments not available through an ISA
• No limit to how much you can invest.

SIPP Account

If you want more control over your pension, you can access a range of investments through a Self-Invested Personal Pension (SIPP). A SIPP lets you take advantage of the same tax benefits available to all pension savers:

• Protect your returns from income tax, tax on dividends and capital gains tax (CGT) and income tax
  
• Claim tax relief on contributions of up to £40,000 or 100% of your earnings (whichever is lower).

You take responsibility for growing your retirement savings, so you should only open a SIPP if you’re an experienced investor and you understand the risks. You won’t be able to access your money until you reach the minimum retirement age of 55, although the Government have announced an intention to link this age to 10 years prior to the State Pension Age. If this passes into law, the minimum pension age will increase in the future.