CT Individual Saving Account

You can have as many ISAs as you like, and you can pay into as many as you wish in the same tax year. Please note even if you have more than one account your overall allowance is still £20,000 per tax year (allowance correct for 2024/25 tax year). For example, you could invest your full £20,000 allowance in a Stocks and Shares ISA or split it between two stocks and shares ISAs and a Cash ISA.

Payments are normally made from the ISA account holder. We can accept payments from third parties however we will require a letter, signed by them and sent along with the payment, that confirms that the money is being irrevocably gifted to the ISA account holder. We may also be required to verify the identity of the payer (for example, a certified copy of their current passport or driving license for identity and a copy of a bank statement or utility bill as proof of address). If someone else is planning to make a payment into your ISA you may want to contact our Investor Services team (0345 600 3030 or +44 1268 447 407 if you’re overseas, lines are open weekdays 9am-5pm) in advance of the payment being sent to check if anything further will be required.

Yes, you can do this by simply completing our General Investment Account (GIA) transfer of sale proceeds to ISA form. This will mean your shares will be sold and the proceeds used to buy shares within an ISA account in your name.

As the account holder (you can only have one account holder for an ISA) you can top up through the online Investor Portal using a debit card. Alternatively, you can send us a cheque in the post along with the relevant Top-Up Form.

Your money is invested on the next available dealing day after receipt of your payment (subject to online dealing cut-off times, up to 11:59pm).

The proof needs to be pre-printed by your bank and show:

• Your sort code
• Your account number
• The name of the account holder(s)

This is normally a pre-printed pay-in slip (which is usually found in the back of your cheque book but may be provided by your bank/building society separately) or cancelled cheques (i.e. a blank cheque that you have scored through so that it cannot be used). A cancelled cheque is sometimes referred to as a spoilt cheque or a voided cheque.

There is no tax to pay on any return on your investment, including dividends or interest received. You’ll also pay no capital gains tax (CGT), which may be relevant if you have used up all your annual CGT allowance.