Last checked: 27 September 2026
What it is
A Stocks & Shares ISA is an ISA wrapper that can hold eligible investments. Income and capital gains on investments held inside an ISA are generally sheltered from UK tax under the ISA rules.
The 2026/27 allowance
The overall ISA subscription limit is £20,000 for 2026/27. Money paid into a Stocks & Shares ISA uses part of that overall allowance.
Investing is different from cash saving
Investment values can rise and fall, and you can get back less than you put in. It is generally more suitable for money you can leave invested for the longer term rather than cash you may need soon.
Keep the investment decision understandable
Before investing, understand what you own, how diversified it is, the ongoing charges, platform fees and how much risk you are taking. A tax wrapper does not make an unsuitable investment suitable.