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 £3,000* in capital gains and you will start paying dividend tax after earning £500* in dividends.

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

*These figures are correct for the 2024/25 tax year.