ISA Account

In today’s difficult economic climate it is more important than ever to maximize your returns with a tax efficient, stocks and shares ISA. With an X-O ISA you choose where and when to make your investments, building a portfolio to meet your needs.

  1. What are the benefits of an ISA account?
  2. What can I invest in?
  3. How Much Can I Subscribe to an ISA account?
  4. How Much Does It Cost?
  5. Can I transfer shares I already own into an ISA account?
  6. Additional Permitted Subscriptions (APS)
  7. How do I apply?

What are the benefits of an ISA account?

All profits made within an ISA account are completely free from capital gains tax and there is no further income tax due on dividends paid on shares held within the ISA wrapper.

What can I invest in?

You can invest in a wide range of ISA eligible products including UK listed shares, Gilts, Bonds, Exchange Traded Funds, Investment Trusts, shares listed on the IRS (International Retail Service) and CDIs of US stocks.

How much can I subscribe to an ISA account?

The subscription allowance for the 2016/17 tax year is £15,240.

How much does it cost?

Deal over the internet for a fixed commission of £5.95 per trade. To help you maximise the benefits of an ISA, we do not charge an annual management fee. Our simple and transparent charges can be found by clicking here.

Can I transfer shares I already own into an ISA account?

Unfortunately the current Regulations do not allow you to transfer shares directly into your ISA but under HMRC rules you can take advantage of your ISA allowance without having to subscribe any new money by using a process known as “Bed and ISA.” You simply instruct us to sell shares you already hold and transfer the proceeds (up to the annual allowance limit) to your ISA – the proceeds are then used to buy back your shares.

All you need to do is open an ISA account online and then email us at enquiries@x-o.co.uk with details of which shares you would like to Bed and ISA from your nominee account – we will then execute the orders and in order to maximise your ISA allowance, we will not charge commission on the re-purchase.

Alternatively, if you hold the share certificate(s), send them to us, together with a signed Crest Transfer Form (one for each holding) and a letter with your instructions – please ensure you open an ISA online before sending us your certificates. Crest Transfer Forms can be downloaded by clicking on the following link: http://www.x-o.co.uk/wp-content/crest.pdf.

Please note that when buying the same shares back there will be a small difference in price due to the bid/offer spread, and government stamp duty will apply on the purchase - this means you will not be able to buy back the same number of shares.

Please remember to cancel any stop loss or limit orders on your nominee account attached to the stocks you instruct us to Bed & ISA. You can of course resubmit new orders on your ISA account once the process is complete.

How do I apply?

Simply click here and you could be trading today

X-O.co.uk is a brand name of Jarvis Investment Management Ltd (Jarvis), which is authorised and regulated by the Financial Conduct Authority. Jarvis is a member of the London Stock Exchange and NEX Exchange, and is an HM Revenue & Customs Approved ISA Manager. Registered office: 78 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS. Registered in England number 1844601. VAT registration number 680 0400 74