How to start investing in a Stocks and Shares ISA

How do you go about investing in a Stocks and Shares ISA? The maximum you can invest in total into a ISA in any tax year is currently £20,000.

So you could for example invest a maximum of £10,000 into a Cash ISA and £10,000 into a Stocks and Shares ISA or £20,000 into a Stocks and Shares ISA.


If you are able to invest the full £20,000 into a Stocks and Shares ISA or perhaps £40,000 together with your partner and you also have other monies to invest then you would benefit from using the services of an independent financial adviser.

If, however, you don’t have this kind of capital to invest or you simply want to set up a monthly investment into a Stocks and Shares ISA then you should ask the question do I really need to use a financial adviser?

Let’s say that you are able to invest £100 to £1,000 a month into a Stocks and Shares ISA. It is just not cost effective for a professional independent financial adviser to take you on as a client.

This is where so many people find themselves. They will hopefully get to the point of needing an independent financial adviser at some stage. In the meantime they don’t want to waste the precious early years of building up capital in a Stocks and Shares ISA. As a result of the benefits of compounding returns those early years are worth their weight in gold.

What you need now is a simple, low cost Stocks and Shares ISA account from a large trusted provider where you don’t have to pick your own funds as you have no investment experience to enable you to do this.

The following are my top five picks for simple low Stocks and Shares ISA accounts.

If you would like to investigate a further range of Stocks and Shares ISA providers then you should visit Boring Money


This information does not constitute personal advice and should not be treated as a substitute for specific advice based on your circumstances.

Information given relating to tax legislation is based on my understanding of legislation and practice currently in force. Whilst I believe my interpretation of current law and practice to be correct in these areas, I cannot be responsible for the effects of any future legislation or any change in interpretation or treatment. In particular you are warned that levels of tax and tax reliefs are subject to alteration and, in any case, the value of such reliefs and benefits may depend on an individual’s circumstances.

If you are in any doubt as to whether any course of action is suitable for you, then you should discuss the matter with a suitably qualified independent financial adviser or other specialist.