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Can I hold mutual funds in my ISA and SIPP?

Updated this week

Yes, you can.

Mutual funds are tax-efficient if they are held in an ISA or self-invested personal pension (SIPP).

Investments inside an ISA or SIPP incur:

  • No capital gains tax (usually payable on gains over £3,000)

  • No UK dividend tax (usually payable on dividends over £500)

If you were to invest using a General Investment Account (GIA), then you would be liable to pay these taxes.

ISA and SIPP eligibility rules apply. Tax treatment depends on personal circumstances and current rules may change.

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