Paying tax on investments

You can invest up to £20,000 each tax year across all your ISAs, and with a Stocks and Shares ISA, you won’t pay capital gains tax or income tax on any returns you make. You can now pay into more than one ISA of each type per tax year (excluding lifetime ISAs), so long as you don't exceed the total annual allowance of £20,000, which is split across all ISAs per tax year. Learn more about ISAs

With a GIA (General Investment Account), there’s no limit on how much you can invest in a General Investment Account per year. You may need to pay tax on any income or gains you make, including income distributions paid out by the fund. Find out more about paying capital gains tax on the UK Government website.