A Sippdeal ISA could be a great way for you to invest, as ISAs offer great tax benefits, an enormous range of investment opportunities and you can access your ISA pot whenever you need to.
Unlike a SIPP, you cannot reclaim tax on the money you pay into an ISA, but any gains that your ISA makes are free from Capital Gains Tax (CGT), which is all the more appealing as CGT is now 28% for higher rate tax payers.
Also, the amount that you can invest in an ISA is more restricted than a SIPP, but with this year’s ISA allowance being £10,680 (or £21,360 for couples), this may well adequately cater for what you want to save.
You can also choose how often you want to save, by either saving monthly through a Direct Debit or by making one off payments as and when you want to (up to the annual allowance of £10,680) – which you can now do online.
Another key benefit of a Sippdeal ISA is that you can access your money if you need to. Unlike a SIPP, where you cannot access your fund until you are at least 55, you can take money out of your ISA as and when you want to – without paying any tax. So you could use your ISA pot to meet shorter term investment goals, such as paying for university fees.
The Sippdeal ISA offers you
Low costs
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Online dealing from £4.95 and never pay more than £9.95 per online deal. | |
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No charges for: | |
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Set up | |
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ISA annual administration | |
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Payments in | |
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Transfers in | |
See all of the Sippdeal ISA charges and rates.
A market leading investment range
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The Sippdeal ISA has over 2,300 investment funds to choose from (both unit trusts and OEICs) and over 2,100 of them have no initial charge, saving you up to 6%. So if you invest your full annual ISA allowance, you could save up to £612 in charges immediately. |
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You can invest in most securities that are officially listed on a recognised stock exchange and are settled within CREST. CREST is the electronic settlement system through which the London Stock Exchange settles bargains. This range includes UK and Irish securities as well as international securities across 21 markets. |
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You can invest in government bonds, corporate bonds, permanent interest bearing shares (PIBs), covered warrants and investment trusts. |
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You can invest in exchange traded funds (ETFs) and exchange traded commodities (ETCs). |
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Regular investing is now available across the FTSE 350, over 2,000 funds in our funds list, selected investment trusts, ETFs and ETCs. It's FREE to regularly invest in the funds list and just £1.50 per order for all other regular investments. |
Read more about the investment choices that the Sippdeal ISA offers you.
Sippdeal could also offer you real savings with our annual fund rebate of up to 0.5% p.a. on SIPPs, ISAs and Dealing Accounts. The rebate is available on over 1200 funds in the Sippdeal Funds List.
Great functionality
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View your ISA portfolio online 24 hours a day, 7 days a week, anywhere in the world. |
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Deal online in Sippdeal’s secure area quickly and simply. Equity deals are processed immediately. |
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Use your debit card to fund your dealing account so that you can deal quickly. |
Why not try the Sippdeal dealing demo to see just how easy it is to manage your ISA online. Our dealing FAQs can answer any questions you may have about online dealing.
Almost all investments are subject to tax – ISAs are different.
The easiest way to think of an ISA is to consider it as a ‘wrapper’. Within that wrapper you may hold a wide range of investments and under current tax legislation those investments will be sheltered from tax.
Investments within ISAs work in exactly the same way as they would outside, so an ISA investment in a fund or share will leave you holding exactly the same investment as if you had bought it outside an ISA.
The key difference with an ISA is that there is no further Capital Gains Tax or income tax to pay if you sell the investments.
So if you choose to use your ISA to provide you with an income, there is no further income tax to pay on that.
The most that you can pay into an ISA for the 2011/12 tax year is £10,680, (so that’s £21,360 for a couple) and so if you invest your full ISA allowance each year, it is possible to build up a sizeable tax efficient savings pot – and remember: all future gains will be sheltered from the taxman under current tax legislation.
Paying less tax simply means higher returns for you. In fact, for those UK taxpayers with money to save or invest, there is little reason not to open an ISA.
Please remember that both tax rates and the favourable tax treatment of ISAs may change in the future.
The Sippdeal ISA offers you an enormous range of investment opportunities and a market leading, low cost charging structure.
You can invest in most securities that are quoted on a recognised stock exchange and are settled within CREST. This range includes UK and Irish securities as well as international securities across 21 markets.
Your investment options with a Sippdeal ISA include:
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Shares listed on a recognised stock exchange and settled within CREST |
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Over 2,300 unit trusts and OEICs. These are also known as collective investments. They typically charge an initial fee on opening and an ongoing annual management charge – but Sippdeal has negotiated significant discounts on the initial fees. In fact, over 2,100 of the unit's trusts and OEICs available through a Sippdeal ISA have 0% initial fees. That’s a discount of up to 6%! So if you invest your full annual ISA allowance, you could save up to £612 in costs straight away. Our funds list, lists all the unit trusts and OEICs available with a Sippdeal ISA |
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Government bonds |
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Corporate bonds |
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Permanent interest bearing shares (PIBS) |
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Investment trusts |
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Exchange traded funds |
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Exchange traded commodities. |
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FREE to regularly invest in over 2,100 funds within the Sippdeal funds list. |
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£1.50 per deal to regularly invest in any FTSE 350 share, selected ETFs, ETCs and investment trusts. |
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Regular investment is available in our SIPP, ISA or Dealing Account – the choice is yours. |
Regular investing allows you to apply a regular discipline to your investment strategy and avoids you having to anticipate market movements. The price at which you buy investments can vary significantly, especially at times when stock markets are volatile. Regular investing gives you the opportunity to smooth out the impact of short term movements in the price of an investment or range of investments.
This is often referred to as ‘pound cost averaging’ and can work well with a wide range of investments where you can benefit from the process as it averages out the cost of buying investments.
What are the benefits of regular investing?
- You have the peace of mind of knowing that the investments will be automatically bought at the same time every month.
- You could benefit from ‘pound cost averaging’.
- It can be a very cost effective way to invest. It’s free to regularly invest in over 2,000 funds within the Sippdeal funds list and just £1.50 per deal for any of the other available investments.
- You can build your portfolio with regular investments from just £25 a month.
What can I regularly invest in?
Our regular investment service allows you to invest in a wide range of options. You can choose from:
- all FTSE 350 shares,
- over 2,000 funds (unit trusts and OEICs) available within our funds list,
- selected ETFs, ETCs and investment trusts.
See the full list of regular investments we offer.
What are the costs involved?
It’s FREE to invest regularly in over 2,000 unit trusts and OEICs* within our
funds list.
It’s just £1.50 per deal to regularly invest in any FTSE 350 share, selected ETFs, selected ETCs or investment trusts.
Our standard online dealing charge of £9.95 per deal applies if you want to sell any of your investments. If you have placed 20 deals or more in the previous calendar month across your SIPP, ISA and Dealing Account (excluding any regular investment deals) then you will only be charged £4.95 per online deal when you sell an investment.
Please read our charges and rates for further details.
*We don’t charge a dealing commission to regularly invest in unit trusts/OEICs, but there may be an additional charge made by the fund manager.
How does pound cost averaging work?
One of the main benefits of regular investing is the ability to average out the ‘buy’ price of investments through ‘pound cost averaging’.
By regularly investing each month, you buy more shares or units when the price goes down and fewer shares or units when the price goes up. This avoids you having to worry about anticipating the timing of your investments. Over time, the cost of buying your investments is averaged out.
If you are in any doubt about the benefits of regular investing, we recommend that you take advice from a suitably qualified financial adviser.
Here’s an example of how ‘pound cost averaging’ could work.
| Month | Regular investment amount | Share price | Number of shares bought (excluding any dealing charges) |
| 1 | £100 | £2.00 | 50 |
| 2 | £100 | £2.50 | 40 |
| 3 | £100 | £5.00 | 20 |
Average purchase price in the 3 month period (£300 divided by 110 shares) = £2.73.
How do I set up a regular investment?
Once you’ve opened a Sippdeal account you can set up a regular investment. There are only a few steps involved.
For full details, please refer to our regular investment user guide.
Is there anything else I should consider?
- You should read the ISA terms and conditions and the key features before making any decision.
- If you are in any doubt about the benefits of regular investing, we recommend that you take advice from a suitably qualified financial adviser.
- Regular investments can only be made monthly.
- Regular investments can be made online or by telephone.
- The date for all regular investments is fixed and we deal on the 10th calendar day (or the next working day) of each month. You are able to amend your regular investment instructions up to midnight on the 9th calendar day of each month (or midnight on the day before regular investment dealing day).
- You must make sure that you have enough cash in your account to pay for all of your regular investments. If, on a “regular investment day” there isn’t enough cash in your account, we will not be able to process the deals. We will then try to place the regular investment order on the 10th calendar day (or the next working day) of the next month. If we are unable to place the regular investment order then we will inform you by secure message.
- The minimum you can regularly invest is just £25 a month per individual investment instruction.
- The value of investments can go down as well as up and you may not get back your original investment.
