• What is an ISA?

    ISA stands for Individual Savings Account and first became available on 6th April 1999. The primary benefit of ISAs is the tax advantage that allows individuals to earn on savings or shares without paying income or capital gains tax on their revenue.

  • What can I hold in an SVS ISA?

    We offer a Stocks & Shares ISA, which allows you to trade a wide range of sterling listed stocks and shares that the HMRC consider eligible for trading in a ISA.

  • How do I open an account?

    If you are an existing client you will need to login to your SVS Online account as usual and apply by clicking the button on the My Accounts page.

    If you are a new client you should click here to apply for an Individual SVS Online account and choose the ISA option on Step 4.

  • How much can I subscribe to a Stocks & Shares ISA?

    For the tax year 2018/2019 you can subscribe up to £20,000 in a Stocks and Shares ISA. (If you have already subscribed to a Cash ISA in the same tax year, this amount is included in the limit.)

  • Who can subscribe to a Stocks & Shares ISA?

    To be eligible to subscribe to a ISA you must:

    • be an individual
    • be aged 18 or over
    • be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
    • not have subscribed to another ISA of the same type in that tax year (but where a cash ISA is transferred to a stocks and shares ISA
    • not have exceeded the overall subscription limit.
  • Do I qualify as a UK resident?

    The United Kingdom (UK) means England, Wales, Scotland and Northern Ireland. It does not include anywhere outside the UK. In particular it does not include the Channel Islands or the Isle of Man.

  • How can I subscribe?

    You can subscribe CASH by depositing funds direct into your ISA or by transferring funds from your SVS Online account. 

    SHARES can be directly transferred into a ISA only if they have been acquired from an approved SAYE option scheme or a Share Incentive Plan (previously known as Approved Employee Share Ownership Plans). You must transfer shares from an approved SAYE share option scheme into a ISA within 90 days of the exercise of option date and shares from a Share Incentive Plan into a ISA within 90 days after the shares ceased to be subject to the plan.

  • What happens to my ISA if I move abroad?

    You will still be able to continue dealing on your ISA account, but won't be able to add any more cash if you are no longer a UK resident. Please notify us at [email protected] if you have a ISA account with us and you think you may no longer qualify as a UK resident.

  • When can an ISA be opened?

    Before a ISA can be opened you must fill in a ISA application form and agree to our ISA terms and conditions. Please see 'How do I open an account' above for details.

    Before we can open your ISA, we must hold:

    • a valid application, which we have accepted
    • a valid subscription.
  • What type of ISA can I transfer?

    You can transfer:

    • current year ISA subscriptions and the investments bought with those subscriptions in whole
    • previous years ISA subscriptions and investments in whole or in part to another ISA manager at any time. 

    If you only have current year subscriptions the entire account must be transferred. However, we are not obliged to accept transfers in. 

  • How do I transfer my ISA to SVS?

    You must make a Transfer Application to us when requesting a transfer. To do this please complete and return the Stocks & Shares ISA Transfer Form

  • What happens if you can't accept my ISA?

    If you have requested to transfer your ISA and it holds stocks that we are not able to accept we will contact you prior to initiating the request.

  • What happens if I want to transfer a Cash ISA to SVS?

    Where current year subscriptions are being transferred from a Cash ISA to our Stocks and Shares ISA, the subscriptions to the cash ISA are treated as if they were made to our Stocks and Shares ISA.

  • Can I withdraw funds from my ISA?

    You have the right to withdraw all or part of your investments by request to us. To withdraw cash you request a refund in the 'Manage Money' section. To withdraw stock please email [email protected] with your request.

    Withdrawals do not affect ISA subscription limits. If you have subscribed the maximum permitted you may make no further subscriptions, regardless of withdrawals.

    You will lose tax benefits on any stock or cash withdrawn from ISA.

Risk Warning: All investments carry risks. The price of shares and other financial investments, and the income derived from them, may fall as well as rise and the amount realised may be less than the original capital invested. There is an extra risk of losing money when shares are bought in a period of high volatility. The extent and value of any ISA tax advantages or benefits may vary according to your individual circumstances.

The levels and bases of taxation may be subject to change. Forecasts are not a reliable indicator of future performance and past performance is not a guarantee of future success. You should carefully consider your own financial circumstances before dealing in the stock market. You may not get back the full amount invested. If you are in any doubt about your investment decisions, we recommend you seek the advice of an independent financial advisor authorised under the Financial Services and Markets Act 2000, who specialises in advising on the acquisition of shares and other securities.