ISA Help

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested. We don't provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.

IWeb Self-Select Stocks and Shares ISA

If you like the look of our IWeb Share Dealing Account but also want to invest within an ISA, our Stocks and Shares ISA might be just what you’re looking for. You can put in up to £20,000 with the added bonus of no Capital Gains Tax on any potential profit. Please note, tax treatment depends on your individual circumstances and tax rules may change.

  • New customers

    • 1.
      Opening an IWeb Stocks and Shares ISA

      If you’re thinking of applying for an IWeb Stocks & Shares ISA, please make sure you’ve read, and taken the necessary steps to understand the risks and familiarised yourself with our charges. Please also ensure you have read our:

      Apply online now and you could be trading within minutes - further documentation may be required to complete your application.

      When opening an IWeb ISA, a separate Share Dealing Account will be automatically opened for you. The £100 account opening charge will be taken within 10 working days after opening your account from the debit card you register your share dealing account or ISA with.

      If we’re unable to collect the account opening charge using your bank details we’ll collect the charge from any new funds deposited into your Share Dealing Account or ISA.

      To fund your Share Dealing Account, select ‘Change account to be viewed’ when you’re on the ‘Fund & Withdraw’ page.

      Apply now

      Already got an IWeb Account?

      It’s quick and easy to open a Stocks and Shares ISA – simply sign-in, click 'Open a New Account' on the right-hand side and follow the steps. Plus, if you've already got a Share Dealing Account, you won't pay the £100 account opening charge for the ISA.

      Sign in

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    • 2.
      Am I eligible for the IWeb Stocks and Shares ISA?

      To open an account you must be:

      • 18 years of age or over. 
      • Tax resident in the UK, not including the Isle of Man or the Channel Islands.

      Before you start your application please make sure you have the following information to hand:

      • Your address details for the last three years. 
      • Your bank sort code and account number. 
      • The debit card details for the bank account you’re registering with us (credit cards are not accepted). 
      • Your National Insurance Number.

      Please note, we will hold an additional £1 in your bank account as a pre-authorisation check. We will not debit this from your account, however it will be temporarily unavailable to spend.

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    • 3.
      How long does it take to open an IWeb Stocks and Shares ISA?

      If you meet all our requirements in your online application you'll be able to trade straight away.

      We will attempt to verify your identity electronically as part of the registration process, however if this isn’t possible, you’ll need to provide original or certified copies of documents from the below list.

      You will need to send us one document from the proof of identity list and one document from the proof of address list.

      Proof of identity:

      • Unexpired passport with signature. 
      • Unexpired UK photo card full driving licence with signature. 
      • Unexpired UK full paper driving licence with signature.
      • Unexpired UK photo card style provisional driving licence with signature.
      • Unexpired EU/EEA driving licence with photograph and signature - must be issued by a member state of the EU/EEA.
      • Unexpired firearms certificate. 
      • Unexpired Northern Ireland voters card (aka Electoral Identity Card). 
      • Unexpired EEA or equivalent jurisdiction National Identity card with photograph and signature. 
      • Unexpired blue disabled driver’s pass – UK only, unexpired and needs to bear a passport-sized photograph, name and signature, expiry date and issuer details. 
      • Unexpired biometric residence permit – issued by the Home Office. 
      • UK benefits/state pension notification letters – must be from an official source, i.e. Job Centre Plus or Department for Work and Pensions / Local Authority, confirming the rights to a benefit. The letter must be dated within the last 12 months or current benefits period. 
      • HM Revenue and Customs tax notification – must be an HMRC tax notification e.g. statement of account, notice of coding relating to the current year. P45s or P60s are not acceptable as these are not official HMRC.

      Proof of address:

      • Utility bill dated within the last 3 months – utility bills printed from the internet, mobile phone, broadband or internet provider bills, and any reminders or arrears letters are not acceptable. 
      • Council tax demand letter or statement – valid for the current year or less than 12 months old. Reminders and arrears letters are not acceptable. 
      • Unexpired UK photo card full driving licence with signature (only acceptable if it is not being used as your proof of identity). 
      • Unexpired UK full paper driving licence with signature (only acceptable if it is not being used as your proof of identity). 
      • Unexpired EU/EEA driving licence with photograph and signature - must be issued by a member state of the EU/EEA (only acceptable if it is not being used as your proof of identity).
      • Bank or building society statement – must be issued by a regulated financial sector firm in the UK, EU or equivalent jurisdiction and dated and showing transactions within the last 3 months. Statements showing interest only or carry forward balances are not acceptable – those printed from the internet or ISA statements are not acceptable. 
      • Mortgage statement - must be issued by a regulated financial sector firm in the UK, EU or equivalent jurisdiction and dated within the last 12 months. Those printed from the internet are not acceptable. 
      • HM Revenue and Customs correspondence - issued within the last 5 months and including 10 digit tax reference or NI number (only acceptable if it is not being used as your proof of identity). P45s or P60s are not acceptable as these are not official HMRC documents.
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    • 4.
      What investments can be held in the IWeb Stocks and Shares ISA?

      You can choose from a wide range of investment options, each with their own features and risks. Before deciding where to invest, it’s important to remember that the value of all stock market investments can fall as well as rise so make sure you understand the risks involved.

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    • 5.
      More about our charges

      There are no annual administration charges for our IWeb Stocks and Shares ISA, however dealing commission will apply for each trade that you make.

      View our dealing and administration charges.

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    • 6.
      Do I need to open a new ISA every year?

      If you already have an IWeb Stocks and Shares ISA, you do not need to open a new account. All you need to do is fund your ISA at any point in the existing, or new tax year to subscribe. You can only subscribe into one stocks and shares ISA for the tax year.

      If you’d like to fund your Stocks and Shares ISA this can be done in a few simple steps.

      Step 1) Log on to your share dealing account.
      Step 2) Click ‘Account Management’ in the left-hand navigation.
      Step 3) You will then be taken to our ‘Fund & Withdraw’ page where you can transfer money into your IWeb Stocks and Shares ISA.

      Please note, this page will automatically load your default account. If your default account is not your ISA you will need to click on ‘Change account to be viewed’ which is found towards the top right hand corner of the page.

      Step 4) Type in the amount you’d like to transfer into your ISA and click continue.

      Sign in and top up today.

      Please note, if you fund your IWeb Stocks and Shares ISA with a large amount your bank may prevent this transaction. Banks will do this when they believe an individual or multiple transactions are out of character with your usual spending habits - if this happens, please contact your bank.

      Can I cancel my application/ISA?

      You have the right to cancel the agreement within 30 days of us confirming to you that we have opened your account and that it is available for you to use, or of us providing you with the relevant terms, whichever is the later.

      You also have the right to cancel a transfer of an ISA from another ISA manager within 30 days of the transfer.

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  • Existing customers

    • 1.
      Moving stock(s) from the IWeb Share Dealing Account to your ISA

      To transfer shares into your IWeb Stocks and Shares ISA from your IWeb Share Dealing Account, you will need to follow the below steps:

      Step 1) Sell your shares by calling us on 03450 707 129 (calls will be monitored and recorded. Call costs may vary depending on your service provider).

      Step 2) We will automatically transfer the sale proceeds into your IWeb Stocks and Shares ISA.

      Step 3) You can then invest in any ISA eligible stock.

      Please note, telephone dealing commission is £5 per deal. If you are completing a sale and repurchase over the phone we’ll waive the purchase dealing commission. Selling stock may trigger an event for Capital Gains Tax purposes.

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    • 2.
      Moving money from the IWeb Share Dealing Account to your ISA

      To transfer the cash into your IWeb Stocks and Shares ISA from your IWeb Share Dealing Account you will need to contact us to complete this for you.

      Please note, your money must be ‘settled’ before it can be transferred into your ISA. Settled money will show in the account as ‘available to withdraw’.

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    • 3.
      Adding a IWeb Stocks and Shares ISA to an IWeb Share Dealing Account

      Already got an IWeb Account? It's quick and easy to open a Stocks and Shares ISA - simply sign-in, click 'Open a New Account' on the right hand side and follow the steps. Plus, if you've already got a Share Dealing Account, you won't pay the £100 account opening charge for the ISA.

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    • 4.
      Transfer a share dealing account from another provider

      Our transfer page will guide you through the steps of transferring either your cash and/or stocks and shares ISA to us in a few simple steps.

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    • 5.
      Getting your paper share certificate online

      It isn’t possible to directly transfer a certificate into your ISA unless it has come from an approved HMRC scheme/plan. To transfer the shares into your Stocks and Shares ISA, you can:

      • Open an IWeb Share Dealing Account and an IWeb Stocks and Shares ISA.
      • Deposit the share certificate into the IWeb Share Dealing Account. This takes approximately 10 working days.

      Once the shares are showing in your IWeb Share Dealing Account, follow the below steps:

      Step 1) Sell your shares by calling us on 03450 707 129 (calls will be monitored and recorded. Call costs may vary depending on your service provider).
      Step 2) We will automatically transfer the sale proceeds into your IWeb Stocks and Shares ISA.
      Step 3) You can then invest in any ISA eligible stock.

      Please note, telephone dealing commission is £5 per deal. If you are completing a sale and repurchase over the phone we’ll waive the purchase dealing commission. Selling stock may trigger an event for Capital Gains Tax purposes.

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    • 6.
      Transferring a Cash ISA into your Stocks and Shares ISA

      Our transfer page will guide you through the steps of transferring either your cash and/or stocks and shares ISA to us in a few simple steps.

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    • 7.
      Transferring shares to someone else

      To transfer shares to someone else’s IWeb share dealing account please contact us on 03450 707 129 (calls will be monitored and recorded. Call costs may vary depending on your service provider). Please ensure you have their account code to hand.

      Please note:

      • Shares can take up to 10 working days to transfer.
      • You can only transfer shares into your ISA if they are not already held within another person’s ISA.
      • Where an ISA holder died on, or after, 3rd December 2014, their surviving spouse or civil partner can inherit their ISA tax benefits. You can find more information in Bereavement Help.
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  • What is the subscription limit for an ISA for this tax year?

    The maximum amount you can invest in the current tax year is £20,000. You can choose to invest your full allowance into a cash ISA, a stocks and shares ISA, or an innovative finance ISA or any combination of the three.

    Alternatively you can split your allowance by investing up to £4,000 in a Lifetime ISA and the remaining allowance between any combination of the other three types of ISA, as long as you don’t exceed £20,000 in total across your ISAs.

    What is an ISA declaration and why do I need to complete it?

    An ISA declaration is required by HMRC to ensure that when you apply for a stocks and shares ISA you are aware of the current ISA rules and regulations. This is also required if no subscription has been made to the ISA in the previous tax year.

    When does the tax year start and end?

    The tax year runs from 6th April to 5th April every year. On 6th April you will be allocated the new tax year's ISA subscription allowance.

Our Stocks & Shares ISA gives you...

  • £5 dealing commission per trade on UK and international stocks*
  • No annual administration charges - just a one-off account opening charge of £100 when you open your account.
  • An automatic dividend reinvestment service.

View our Dealing commission and administration charges.

*A currency conversion must be made for an international trade, either from Great British Pounds into a foreign currency to buy, or from a foreign currency into Great British Pounds to sell. As our fee, when we do this we add 1.5% to the exchange rate for buys, and take away 1.5% for sales. An indicative exchange rate will be shown prior to trading and the final rate will be shown once the trade is completed.

What's the difference between a cash ISA and a stocks and shares ISA?

A Cash ISA (for saving), or a Stocks and Shares ISA (for investing), both provide a tax-efficient way to save or invest your money.

A Cash ISA allows you to save without the worry of paying tax on any interest you earn, whereas the Stocks and Shares ISA will allow you to invest in shares, funds and other investments without having to pay capital gains or personal income tax.