A Stocks and Shares ISA allows you to invest up to £20,000 each year* without having to pay capital gains or UK dividends tax.

When using a GIA, you will start paying capital gains tax after earning £6,000* in capital gains and you will start paying dividend tax after earning £1,000* in dividends.

We’re unable to provide advice on tax, but you can read more about this on the government website here.

*These figures are correct for the 2023 tax year.