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 2025/26 tax year.