Best Stocks and Shares ISA - It’s time to change!

There has never been more choice for a UK Stocks and Shares ISA but the fee structures are often confusing making the decision a difficult one. Add to this you get 1 chance to pick for the year who you are going with and picking the best Stocks and Shares ISA for 2022 can be tricky..

I have gone through a number of the most popular Stocks and Shares ISAs to give you my opinion on which I think is best. Below are the links so you can sign up.

ETF/INDEX fund only.
InvestEngine
Get a £25 bonus when you invest at least £100

Vanguard:
This is not an affiliate link

HL
Not an Affilate link.

Best Stocks and Shares platforms:

Freetrade:
This is not an affiliate link. But if you sign up they will give you a free share worth up to £200.

Trading 212
Do you want to get free shares worth up to £100?
Join Trading 212 Invest with my link, and we will both get free shares.
input promo Code: Gbassinv if the link doesn't work

IBKR
Not an affilate.

The calculator I used to work out the fees.

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and non of the content on this channel is financial advice. All information is provided educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

[izzy__uk]

Hey Damo, just wanted to say thank you. Not specifically for this video but for your advice in general. I invested my first ever £100 off the back of your advice in Mar 21 in to 100% equity life strategy fund on Vanguard. £100 a month was all we could afford, just upped it to £150. I’m 38 but better late than never. Thanks again mate.

[gingerpele]

Vanguard stays on top for me, though will have to check out more about investing engine. Had not heard of them until this video

[minimad]

Thanks for another cracking video Damo. Freetrade for me, is for buying individual stocks and a midlife hobby "gamble" whereas the Vanguard ISA is a well thought out website and should be seriously thought of for better returns.
Free isn't always free as the upsell from other products will inevitably snare consumers who sign up but I think that's the way the world is continuing to head.

[LDNBikes]

Top man thanks for another quality video, and also rubbing your face in a cat that you’re allergic too for our entertainment haha

[GeorgeCollier]

InvestEngine is great. The only down side is a limited range of ETFs, but I trust they'll continue adding them. Their portfolio breakdown analytics are also very useful.

[robhindle]

Great video. I like to keep it simple - Vanguard ISA, VWRL f7nd, regular investment, don’t withdraw, set and forget. Look back in 20+yrs time.

[matthewross]

Cheers for the video. I’ve been using Nutmeg for a few years, and stuck with it because of inertia. Your videos, and this one timed for the new tax year, have given me enough of a kick to review that.

[mcameron]

Freetrade is great, I have a SIPP, GIA and S&S ISA with them and I just offset any fees with dividends and government top-ups for my SIPP. Couldn't recommend it enough and it's by far the easiest to use.

[agustinpiaggio]

I wish I knew what you said on the first seconds of the video when 2021 ISA kick on. Great video mate!

[A_friendwithoutbenefits]

Somewhat against popular belief, I would argue, why limit yourself to the limited and often expensive range of S&S ISAs if you want to invest in individual stocks? Just do it through a general investment account using something like Lightyear or Stake or eToro. You only have to pay capital gains tax when your sell for any profit over £12300 in a year, and dividend tax on dividends over £2000 in a year, most people won't make this much profit in capital gains or dividends to worry about tax, certainly not in their early years of investing in stocks.

And even if you want to invest in individual stocks long term, you can always start with a GIA then move it into a S&S ISA when you have a lot more money in the stocks to worry about paying tax, and by then hopefully good platforms like Lightyear and Stake will be offering an ISA. General investment accounts isn't a surefire way of getting taxed, for most people actually it offers a wider range of platforms to invest in individual stocks, and it can actually be cheaper than an ISA if you're not using up your capital gains and dividend tax free allowances

[Dobson]

Thanks Damien, really good video. You always seem to preempt the questions I have when watching your videos. Cheers mate and keep up the excellent work!

[rahsen]

I love that you're dropping these videos one after the other especially at this time of the year when people are more likely to think about their finances. :) Just so many products to choose from, although for now, I'll stick to Vanguard.

[yasenbuhlev]

Recently discovered you and really like your approach, thank you! Would be important for your audience to also know that saving money on brokers is not always a good idea, especially if they are investing long term. Would have been nice if you also discussed the custodians that those brokers use as well as how they make their money when they are cheaper (usually from the bid/ask spread, FX fees, etc.). Lastly, Trading 212 was involved in a few scandals about the way it handles transactions and keeps the shares of its clients, definitely not the most transparent. On the other hand, brokers like IB, that have years of experience and are listed on the stock exchange as well as regulated by multiple authorities provide much more security and transparency, at a higher cost though.

[charlottet]

What better way to pedal affiliate links 🤩
I will use the invest engine link, thank you!

[sras]

Legend. Answers the questions on our minds

[mbwemidad]

Damo, thank you for making it all so plain and for being a British content creator that is good to watch on this topic. I love 7 Figure Squad, but a lot of what they talk about doesn't seem to transfer to the UK. Your illustration of Dollar Compound, using Mr Market, was a game-changer for me. I'm nearly 50, but I now see how I can make money through investing. The fear is gone. Let me buy you a drink, figuratively speaking.

[tridau]

Thanks for the straight talking vid Damo. Having taken the leap into investing initially with a robo investor to minimise the amount I could c*ck up, your vids have given me confidence to explore getting those fees down to the minimum. Excellent content as always sir.

[jimiellis]

Hi Damo! I'm the guy they wrote the "for dummies" for, so, i invest £1000 in the S&P 500, let's say for 5 years @ 10% return, then i'm looking forward to £1500 ok that may beat inflation, but i could make that by selling one of my guitars! Or am i getting things completely wrong? Maybe a walk through on the S&P 500 returns at different investment numbers vs years? Cheers and good luck.

[vivasharma]

Awesome video, great breakdown specially the part of platform fee comparison.

[stevegeek]

Good video. I'm one of the mugs using "reassuringly expensive" HL currently. To be honest the fees they charge are dwarfed by the money I've lost in the last few months from the stock market dip...but point taken. In defense of HL, their platform is very easy to use with lots of nice features and a huge range of products. For the new financial year I'm thinking of sticking with Index trackers only, since I've learned the hard way how difficult it is to make money from choosing individual stocks. My success rate has been poor, shall we say! Cheers.