Top Stocks and Shares ISAs in 2024

5 min Read Published: 11 Mar 2024

best Stocks and Shares ISAs

In this article, we compare the best Stocks and Shares ISAs in 2024 and reveal our top ISAs based on cost, investment choice and ease of use.

One of the best ways to maximise your Stocks and Shares ISA investment returns is to keep costs low which is why this is a crucial factor in our best Stocks and Shares ISA comparison below.

Best Stocks and Shares ISAs

To make things simple we have split our best ISA list into three categories based on whether you want to manage your money yourself, whether you want to let someone manage your money for you and whether you'd prefer to invest ethically.

Best Managed Stocks and Shares ISAs

If you want someone to manage your money for you then we've provided our top 3 best buy Stocks and Shares ISAs below.

To find out a little more about the providers, click on the provider name. If you want to take advantage of the offers mentioned in the table, simply click on the link in the offer column for more information.

Provider Good for Offer Portfolios Minimum Investment Fees¹ Annual cost of investing £20,000
Wealthify Those looking for one of the cheapest ways to invest £20,000 Wealthify has an offer where you can earn £50 - £800 cashback when you open or transfer a Stocks & Shares ISA, Junior ISA, Pension or General Investment Account. New customers only. Terms and conditions apply, capital at risk. Read our Wealthify review for more information. Read our Wealthify review for more information. 5 £1 0.60% £120
Moneyfarm* Those looking to pay less as they invest more Management fees waived for the first 12 months*.

Terms and conditions apply. Capital at risk

7 £500 0.65% £136
Nutmeg Those looking for a wider portfolio choice Management fees waived for the first 12 months.

Terms and conditions apply, Capital at risk

10 £500 0.75% £150

¹ The fee percentage indicated in the table is based on an investment of £20,000. 

To see the full list of providers and compare costs, check out our article 'Cheapest Stocks and Shares ISA in 2024'

Best Self-Invested Stocks and Shares ISAs

If you want to manage your money yourself then below you will find our top 3 best buy Stocks and Shares ISAs.

To read more about the providers, click on the provider name in the table.

Provider Good for Offer Ease of use Minimum Investment Fees¹ Exit fees
Interactive Investor* Those with larger portfolios Regular cashback offers - check latest*

Terms and conditions apply, Capital at risk

Easy £25 £60 - £240 per year N/A
AJ Bell* Those looking for low cost N/A Easy £25 0.25% N/A
Freetrade* Those wishing to buy and sell shares commission-free Free share worth between £10 and £100 when you sign up to Freetrade*

Terms and conditions apply, Capital at risk

Easy £2 £5.99 per month N/A

¹ The fee amount / percentage indicated in the table is based on an investment of £20,000. 

Access the full list of providers, including cost comparisons by checking out our article 'Cheapest Stocks and Shares ISA in 2024'

Best Ethical Stocks and Shares ISAs

If you want someone to manage your money for you then we have provided our top 3 ethical best buy Stocks and Shares ISAs below. Ethical portfolios are sometimes referred to as SRI portfolios which stands for Socially Responsible Investing.

Click on the provider name to read more about the providers. Alternatively, check out our article 'How can I invest ethically and what are the costs'.

Provider Good for Offer Portfolios Minimum Investment Fees¹ Annual cost of investing £20,000
Wealthify Those looking for the cheapest way to invest £20,000 Wealthify has an offer where you can earn £50 - £800 cashback when you open or transfer a Stocks & Shares ISA, Junior ISA, Pension or General Investment Account. New customers only. Terms and conditions apply, capital at risk. Read our Wealthify review for more information. Read our Wealthify review for more information. 5 £1 0.60% £120
Nutmeg Those looking for a wider portfolio choice Management fees waived for the first 12 months.

Terms and conditions apply. Capital at risk

10 £500 0.75% £150
Moneyfarm* Those looking to pay less as they invest more Management fees waived for the first 12 months*.

Terms and conditions apply. Capital at risk

7 £500 0.65% £136

¹ The fee amount / percentage indicated in the table is based on an investment of £20,000.

 

Stocks and Shares ISA - Frequently Asked Questions

Below we list the questions we get asked the most about Stocks and Shares ISAs (also known as investment ISAs).

Can you open more than one ISA?

From 6th April 2024 you'll be allowed to open more than one of each type of ISA in a given tax year and contribute towards it, as long as your total contribution in that tax year is no more than the £20,000 ISA limit. So, for example, you will be able to contribute towards two cash ISAs and two Stocks and Shares ISAs in the same tax year, you just need to ensure you stay within the £20,000 total annual ISA limit.

This means that in the same tax year, you could open and contribute to any number of ISAs listed below:

  • Stocks and Shares ISA
  • Cash ISA
  • Innovative Finance ISA
  • Lifetime ISA (the maximum amount you can contribute into a Lifetime ISA in a given tax year is £4,000)

Am I guaranteed to make money by investing in a Stocks and Shares ISA?

No. The value of your Stocks and Shares ISA can go up as well as down. Investing isn't for everyone and so it is important that you understand the risks involved. Most providers will ask you to complete a risk questionnaire to determine your attitude to risk before you open an account. If performance is a primary consideration, then check out our article 'Which is the best performing Stocks and Shares ISA?', however, it is worth remembering that past performance is not indicative of future returns. If you are investing for less than 5 years then you may be better off considering a Cash ISA. Check out our article 'Where should I invest my ISA allowance?' if you are unsure.

Should I invest in an ISA or a pension?

It depends on what you are trying to achieve. It is worth having both if you can afford to do so. If you have a workplace pension scheme that your employer pays into as well, you'll benefit from free money being added to the pension as well as receiving attractive tax breaks. However, an ISA could be better depending on what you are saving or investing for, as you can access your money sooner than retirement age. Check out our article 'Pension vs ISA - which is the better investment' to find out more.

How do I find the best ISA offers?

Check out our article 'Best ISA cashback offers and fee-free deals' for the latest deals. We list a number of deals including new ISA offers and cashback offers for transferring an existing ISA.

How do I find the cheapest investment ISA platform for my portfolio size?

Our article 'Compare the cheapest investment ISA platforms' focuses heavily on cost and provides comparison tables and best buys for a number of scenarios and portfolio sizes.

 

 

If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - AJ Bell, Freetrade, Interactive Investor, Moneyfarm