Which stocks can I hold in my ISA?
Because of HM Revenue & Customs (HMRC) rules regarding ISA stock eligibility it is not possible to provide an exhaustive list of accepted stocks. However the HMRC guidelines for acceptable stocks are detailed below. If you are being prevented from trading a stock you believe eligible to be held in an ISA please contact our customer services team on 0845 607 6001 who will be able to check the stock on your behalf.
UK / Irish Listed Ordinary Shares (Incl PLUS/AIM)
be listed on a recognised Stock Exchange
Although International Securities are permitted in an ISA, GBP sterling is the only currency permitted.
Lyxor Gold Bullion Securities (GBS) does not qualify for inclusion in a ISA
Residual Stocks & Preference Shares
Residual stocks do qualify for ISA's
Most Preference Shares (e.g. Zero Dividend/Fixed Interest) do qualify, however please check before trading if you are unsure
Unit Trusts, Investment Trusts and OEIC's
Although most of these securities do qualify, the best way to verify is to call our Customer Services team so that we can check to ensure it qualifies
UK London International
HMRC have confirmed that a stock trading on London international can qualify for an ISA, as long as the share has a dual listing on a recognised stock exchange. If you are unsure, please call our Customer Services on 0845 601 6007.
New York Stock Exchange (NYSE)
Nasdaq (National and Small Cap Markets) - NOT Nasdaq OTC BB or Pink Sheets
American Stock Exchange (AMEX)
NEX and CNQ listed stocks and Limited Liability Companies are NOT allowed in ISAs
Toronto Stock Exchange (TSE)
Toronto Venture Exchange (TVE) Tiers 1 and 2 Ordinary stocks only (Tier 3 does not exist anymore)
CAC 40, SBF 120, SBF 150, MID CAC, Premier Marche, Nouveau Second - Not Nouveau Marche.
Deutsche Borse (Frankfurt Xetra)
DAX 30, NEMAX 50, EUROSTOXX 50, SMAX - Not Open and Newex Markets
Stocks that are officially listed on the Borsa Italiana will qualify for holding within an ISA wrapper. Other Italian markets do not qualify
Amsterdam Exchange (AEX)
MIDCAP, Estars, E100.
SMI (SWX Market), SPI (SWX Performance), SNMI (SWX New).
SX Composite, SX 16, SX OTC, SX 0 and 9.
BEL 20, BAS (All Share), Mid Cap, Small Cap.
Stapled Securities are NOT allowed in an ISA
Futures, Options, Contracts for Differences (CFD) Warrants and Covered Warrants
Futures, Options and Contracts for Differences investments do not qualify.
However, Warrants would qualify if they were directly linked to an Investment Trust or if the warrants are purchased through a Public Offer.
Nil Paid Rights
Are not qualifying investments so cannot be purchased in the Open Market.
For Rights Issues within an ISA, Customer's have the option to either:
Sell the Nil Paid Rights and retain the proceeds in the account.
Take up the rights inside the ISA (using available cash on the account)
Take up the rights outside the ISA using cash from outside the account
Take up some shares inside and some shares outside the ISA
Allow the rights to lapse and possibly receive a lapsed rights payment (this can be retained in the account)
UK Gilt-Edged (Treasury) Securities
Security qualifies if the instrument:
is at least five years away from redemption (e.g. Treasury 8 3/4% 2027)
is undated (irredeemable)
Building Society PIBS (Permanent Interest Bearing Shares)
All PIBS qualify (all PIBS are irredeemable).
Corporate Bonds & Loan Notes
Security qualifies if the instrument:
is at least five years away from redemption,
has a fixed or 'nil' interest rate (not floating or variable).
Cash is a non-qualifying investment.
Please Note: Cash can only be held in Sterling within an ISA account.
The HM Revenue & Customs (HMRC) will not allow cash to remain un-invested in a Plan indefinitely
Commodities, e.g. Metals, Oil.
UK and Ireland traded Exchange Traded Funds are permitted in our ISA product.