ISAs are a tax-efficient way to save because you pay no tax on the income and growth. That’s why many people choose to maximise their ISA allowance every year.
In 2019/20, you can save up to a maximum of £20,000 – in a lump sum or spread out over the financial year. You can save in a cash ISA, a stocks & shares ISA, an innovative finance ISA, a lifetime ISA – or a combination of these. At HSBC, we offer a cash ISA and a range of stocks & shares ISAs.
The benefit of choosing a stocks & shares ISA is it gives you access to a diversified range of investments. This means it has the potential to give you a better return than a cash ISA. Of course, along with the potential for greater returns comes an increased risk – and this means you may not get back what you invest.
Your stocks & shares ISA options
Investing in a stocks and shares ISA is a 2-step process. First, you choose your investment. Then you specify that you want to hold that investment in an ISA to make sure you don’t pay tax on any income or capital gains you receive.
Whether you’re new to investing or already an expert, we can help you find the way to invest that meets your level of knowledge and confidence.
Get investment advice
Start investing with as little as £50 per month. Simply tell us about your finances and for a one-off fee, we’ll recommend an investment that’s right for you.
Choose a HSBC portfolio
Browse a range of 5 HSBC multi-asset, professionally-managed and globally diversified portfolios to find one that meets your preferred level of risk.
Choose your own funds
Through our online fund platform, Global Investment Centre, you can research and buy your own funds, and monitor your investments via your online banking.
Choose your own shares
With our online sharedealing service, InvestDirect, you can buy and sell shares, using tools to help you make informed investment decisions.
When investing, bear in mind that the value of investments and any income they generate can go down as well as up. This means you may not get back what you invest. Investing should be seen as a medium-to-long-term commitment so you should aim to invest for at least 5 years.
Remember, the value of any tax benefits described depends on your individual circumstances, and tax rules may change in the future.