• ISA Account

    Make the most of your full ISA allowance
    of £15,240 with Saxo Capital Markets

The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.

Important Information

Before applying, please familiarise yourself with these documents: General Business TermsProduct Rates and Conditions, Commissions, Charges and Margin ScheduleOrder Execution Policy and Conflict of Interest Policy. The products available on our platform are traded on margin and it is possible to incur losses that exceed your initial deposit, please ensure that you fully understand the risks involved before applying for an account.


 


 

Why choose Saxo ISA?

Manage all your ISA portfolios from one investment platform and take advantage of the following benefits:

  • 24/7 online access to 25 global exchanges plus our award-winning trading technology
  • Deal in eligible Shares, ETF's and Investment Trusts
  • Currency conversion charge of just 0.5%
  • Viewing all your ISA investments with one simple log-in
  • Fund your ISA account with either new cash, cash from your existing Saxo trading account or transfer from your current ISA provider
  • Ability to withdraw cash at any time without being subject to penalty fees
  • Zero administration fees
Please note that the Saxo ISA requires a minimum account size of £6,500.

Tax treatment depends on individual circumstances and is subject to change. We cannot guarantee that all investment products that are currently ISA eligible will remain so in the future.


​Understanding the Tax Benefits

One of the most attractive benefits of ISAs is the tax advantages. Within a Stocks & Shares ISA investors are exempt from:

  • Capital Gains Tax
  • Further tax on income

The UK tax year ends on 5 April each year. This is the deadline to make a deposit into your Saxo ISA using your annual allowance. Any remaining allowance cannot be carried over to the following year.

Without utilising your ISA allowance, your investments may be subject to the taxes outlined below; For dividend income:

  • The 10% tax paid on the gross dividend extinguishes an individual's basic rate liability. This tax cannot be reclaimed for the credit of your ISA
  • If you are a higher rate taxpayer, you would normally pay tax at a rate of 32.5% or 42.5% on dividend income generated from UK equities. For investments within a ISA, you will not get back the 10% dividend tax credit, but you will save by not having to pay the additional 22.5 – 32.5% tax rate
  • For realised gains/profit:

  • The current annual Capital Gains Tax (CGT) allowance is £11,100. After this individuals are charged CGT at a rate of 18% or 28%, depending on your total taxable income

IMPORTANT INFORMATION

The value of your investments can go down as well as up and you may not get back what you invested. Tax treatment depends on individual circumstances and is subject to change.

Please note, Saxo ISA accounts are maintained separately from other Saxo Capital Markets 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 Saxo Capital Markets provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform.

The Saxo Capital Markets UK Ltd 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 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.

What are the ISA transfer rules?

  • You can transfer cash ISAs and/or Stocks and Shares ISAs, in full or in part, from previous years into the Saxo ISA
  • If you are transferring the current tax year's ISA allowance, you will need to transfer it in full
  • We do not charge you to transfer a portfolio to us, but your current provider might

Transfer your ISA today

It's easy to transfer portfolios from your existing ISA account to Saxo:

  1. Open a Saxo ISA
  2. Download the Saxo ISA Transfer Form, and return once completed to our ISA Transfer Team at Saxo Capital Markets UK Ltd., 40 Bank Street, Canary Wharf, E14 5DA

We will contact your existing provider and carry out all the necessary paperwork to transfer your assets as quickly as possible.

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.
Losses can exceed deposits on margin products. Please ensure you understand the risks.

Saxo Capital Markets UK Limited 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. Tax treatment depends on individual circumstances and is subject to change.

Please note, Saxo ISA accounts are maintained separately from other Saxo Capital Markets 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 Saxo Capital Markets provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform.

The Saxo Capital Markets UK Ltd 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 NISA, 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.