Stocks and Shares ISA
A tax-free investment wrapper with a £20,000 annual allowance.
A stocks and shares ISA lets UK residents invest up to £20,000 per tax year (the combined limit across all ISA types) with no UK income tax or capital gains tax on returns, ever. Inside the wrapper you can hold funds, ETFs, individual shares, investment trusts, and bonds. Providers include Vanguard UK, AJ Bell, Hargreaves Lansdown, Trading 212, and InvestEngine. The allowance is use-it-or-lose-it: unused room does not roll forward. HMRC sets the limit and it has been frozen at £20,000 since 2017.
Inside Finlo
A 60-second lesson that puts this term in context, alongside the others, lives inside the Finlo app.