• Existing Client Easy-Open ISA

    Take advantage of your full ISA allowance
    for the 2016/17 tax year

The value of your investments can go down as well as up.
Please ensure you understand the risks.

As an existing Saxo Capital Markets UK Limited (SCML) account holder you can open an ISA account with us in 2 simple steps.

1) Enter a few details so we can identify you as an existing account holder;
2) Click to confirm acceptance of the standard ISA and SCML declarations and submit;

We’ll then get in touch to either confirm your account has successfully been opened, or request a standard proof of address (if you choose to update your details).

Saxo ISA benefits

As well as Stocks & Shares ISAs keeping investments safe from Capital Gains Tax*, a Saxo ISA specifically offers the following benefits:

  • No administration fees
  • Withdraw cash at any time without penalties
  • Monitor and place trades across multiple devices, on any of our trading platforms
  • Access to 25 global exchanges to deal in Shares, ETF's and Investment Trusts
  • Ability to fund your ISA with a new cash deposit, from an existing trading account, or transfer from your current ISA provider

Minimum deposit

Please note that the Saxo ISA requires a minimum account size of £6,500.

Read most frequently asked questions on ISAs with Saxo Capital Markets UK Ltd.

What are the ISA Subscription limits?

The ISA subscription limit for 2016/17 is £15,240. The full amount can be invested either in a Stocks & Shares ISA or Cash ISA, or any split in between.

It is possible to subscribe the full £15,240 allowance in to a Saxo ISA, which is a Stock & Shares ISA. Saxo does not offer a Cash ISA.​

It's important to remember that ISA accounts are based on current tax rules which are subject to change.​

Who is eligible for a Stocks & Shares ISA?

To be eligible for a Saxo ISA you must be:

  • Over 18
  • Resident and ordinarily resident in the UK (or performing duties as a Crown employee or married/in civil partnership with such a person)
  • Not have subscribed to another Stocks & Shares ISA in that tax year.​

Is there a minimum account size?

To open the Saxo ISA there is a minimum account size requirement of £6,500. You must therefore have the ability to transfer existing ISAs to Saxo Capital Markets UK Limited (SCML) in order to operate the account.

What investment products are eligible in an ISA?

It is possible to invest in Shares, ETFs and Investment Trusts. When logging in to your Saxo ISA all available investment products are ISA eligible. 

ISA eligibility of individual investments is determined by the requirements prescribed by HMRC and whilst SCML provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform.​

Who is the Saxo ISA Manager?

The Saxo ISA, a Stocks & Shares ISA, is provided by SCML who is authorised and regulated by the Financial Conduct Authority, Firm
Reference Number 551422, with registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA and company number
7413871, in their capacity as an ISA Plan Manager no. Z1849​.​

How can I apply for a Saxo ISA?

To apply for a Saxo ISA you will need to complete our application form and read the relevant documents relating to the account.

Both the Application Form and Important Reading documents can be found above.

Can I transfer an existing ISA to my Saxo ISA account?

Yes, it is possible to transfer ISAs from previous tax years and from other providers to your Saxo ISA. Once you have applied for a Saxo ISA simply complete our ISA transfer form​ and return it to our ISA Transfer Team at Saxo Capital Markets UK Ltd., 40 Bank Street, Canary Wharf, E14 5DA​. 

Please note SCML will not charge a fee to accept your ISA account, however your current provider may levy an exit charge.​

Is there an ISA administration fee?​

No.

Please download our Rates & Charges pdf​ for full details of SCML charges.​

Can I manage ISAs alongside other investment accounts?

You can manage ISAs alongside other Saxo accounts but you will have separate logins for ISA, Trader and SIPP accounts held with Saxo.

Saxo ISA accounts are maintained separately from other SCML Trading accounts and for the avoidance of doubt any cash or the value of any stocks held within a Saxo ISA cannot be used as collateral for margin trading.​

Can I withdraw money from my ISA and is there a charge?

ISAs give you the flexibility to withdraw money from the account at any time and Saxo will not charge you to do so. However, please remember that when you withdraw money from your ISA, that part of the allowance remains used. This means, for example, that if you reach the ISA limit and then make a withdrawal, the money cannot be deposited back in.

Can I transfer my Saxo ISA to another provider and what are the costs?

Yes, you can transfer your Saxo ISA to another provider. We will require a completed Transfer Form from your new provider. 

There is a transfer out fee of EUR 50 per ISIN, with a maximum charge of EUR 160.

Please click here​ to view the Rates & Charges PDF.​

Closing your ISA

You can close your ISA whenever you wish and there is no charge for doing so. However, by closing your ISA you will lose the associated tax benefits.

Please note that should you become ineligible to make an ISA subscription at a later date, for example by moving abroad, the ISA can remain open and the associated tax benefits will be retained.​

The value of your investments can go down as well as up.
Please ensure you understand the risks.

*Tax treatment depends on individual circumstances and is subject to change.

Saxo Capital Markets UK Limited (SCML) is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

IMPORTANT INFORMATION
The value of your investments can go down as well as up and you may not get back what you invested.

Please note, Saxo ISA accounts are maintained separately from other SCML Trading accounts and for the avoidance of doubt any cash or the value of any stocks held within a Saxo ISA cannot be used as collateral for margin trading. ISA eligibility of individual investments is determined by the requirements prescribed by HMRC and whilst SCML provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform.

The SCML website provides you with a range of tools and information to help you make informed investment decisions but does not provide investment advice and if you are in any doubt you should seek independent advice.

The Saxo ISA, a Stocks & Shares ISA, is provided by SCML in their capacity as an ISA Plan Manager no. Z1849.