Partner-introduced Investment Wrapper accounts and ISAs

Investment Wrapper (IW) accounts

How to open an IW account

  • Please find the IW application form here. The client needs to complete Parts 1-7 and the IW Trustee needs to complete Parts 8-13. Please remind the client that Part 3 is where they enter their IB’s details, and the Trustee must give you POA under Part 14.
  • Please note that we cannot start processing the application form until both the client and Trustee have completed their part of the form. 
  • As well as the form, we also require the client’s ID, Proof of Residency and the IB Addendum signed by yourselves as the IB. 
  • Please send the package to


About ISA Accounts

ISAs (Individual Savings Accounts) are tax-efficient savings accounts which have a subscription limit each tax year, up to which your savings are protected from taxes.
It is possible to open both a Stocks & Shares and Cash ISA, however Saxo only offer a Stocks & Shares ISA.

Investments held within a Stocks & Shares ISA are exempt from:

  • Capital Gains Tax
  • Further tax on income

The Rules

Up to £20,000 can be invested in an ISA in the 2018/19 tax year, whether that is all in a cash ISA, a Stocks & Shares ISA, or a combination of the two. Saxo does not offer a Cash ISA.
The deadline to make ISA subscriptions is 5 April each tax year. Investors do not need to declare ISAs on their tax return.

To be eligible for a Saxo Stocks & Shares ISA investors must be:

  • Over 18
  • 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.

Account Set-up

It is possible to invest in Shares, ETFs, Investment Trusts and Bonds. When logging in to the Saxo ISA all available investment products are ISA eligible. N.B. Saxo requires a minimum account size of £6,500. 

ISA eligibility of individual investments is determined by the requirements prescribed by HMRC and whilst Saxo Capital Markets UK Ltd. provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform. Of course should there be shares which clients wish to trade we can certainly look in to adding them on an adhoc basis.

Click here to download the Application Form and the ISA Transfer Form

Transfers Process

The operational procedure document contains detailed information however this can be summarised as;

  • Submit completed transfer form to SCML
  • Pay exit fees (where applicable)
  • SCML requests valuation from existing provider
  • Once received we’ll forward you a copy, and you must enter the request on the platform
  • Saxo Stock Transfers dept. will arrange Trade & Settlement
  • Cash balances will follow once stocks are transferred

Once completed please send original to us in the post: ISA Accounts, Saxo Capital Markets, 40 Bank Street, London, E14 5DA.

Transfers can be either as cash or stock. Transferring as stock ensures clients remain invested throughout the transfer period. The process can take up to 4 weeks, depending on the speed at which the respective ISA providers can agree the transfer. Cash balances will follow once stocks are transferred.

Transfers Rules

  • Stocks and Shares ISAs and Cash ISAs can be transferred in full or in part, from previous years into the Saxo ISA
  • If transferring an ISA from the current tax year it will need to be transferred in full
  • SCML do not charge to accept a transfer, but the current provider may levy exit charges

Transferring from one provider to the next does not affect the ISA allowance for the current year; the investments/cash are already contained within the ISA wrapper and can be transferred between providers at any time.

It is important to note however that as soon as cash leaves the ISA account wrapper i.e it is withdrawn to a personal bank account it ceases to be in the ISA. As such it is not possible to conduct a transfer by withdrawing cash to a personal account and then forward the payment to the Saxo ISA; this will affect the ISA allowance for the current tax year (max. subscription £20,000).

Note: Instructing a transfer from one ISA provider to the next will preserve the cash or investments contained within the ISA, plus it will still be possible to subscribe the full amount for this tax year (currently £20,000).

Instrument Eligibility

It is possible to invest in Shares, ETFs, Investment Trusts and Bonds. When logging in to the Saxo ISA all available investment products are ISA eligible.

ISA eligibility of individual investments is determined by the requirements prescribed by HMRC and whilst Saxo Capital Markets UK Ltd. provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform. Of course should there be shares which clients wish to trade we can certainly look in to adding them on an adhoc basis.


SSAS Accounts

About SSAS Accounts

A Small Self-Administered Scheme (SSAS) is an occupational pension scheme, established by a business which appoints trustees to hold the assets of the scheme for the benefit of the scheme members. The members of the scheme are usually also the trustees. 

It allows company directors to maintain control of their pension arrangements in a flexible and tax efficient environment.  These Schemes are ideally suited for shareholding directors of small to medium sized limited companies.  They are similar to SIPPs (although they are some key differences) but do not require a third party provider as the Company sponsors the Scheme instead.  The sponsoring employer makes pension contributions into the pension scheme on behalf of the members.

SSAS are established as Trusts and the members (being the selected Directors/senior employees) are the Trustees. Previously, it was an Inland Revenue requirement that a Professional Trustee be appointed, but since 6 April 2006 this is no longer a requirement . However, it seems that most SSAS's still retain an independent trustee, due to the fact that the SSAS reporting rules are complex, and most company's / director's will not have the time or understanding to undertake this themselves - along with the fact that getting it wrong could have serious implications - i.e. fines levied by HMRC for breaches of the rules.

As SSAS are a registered pension scheme with HMRC, this means that contributions paid may obtain tax relief, investment income and gains may be tax free and benefits payable may also be part or in full tax free.

How to open SSAS Accounts

Trust Accounts

About Trust Accounts 

A trust is a legal arrangement where one or more 'trustees' are made legally responsible for holding assets. The assets - such as shares, land, money, building or even antiques - are placed in trust for the benefit of one or more 'beneficiaries'.

The trustees are responsible for managing the trust and carrying out the wishes of the person who has put the assets into trust (the 'settlor'). The settlor's wishes for the trust are usually written in their will or set out in a legal document called 'the trust deed.'

Trusts may be set up for a number of reasons, for example:

  • to control and protect family assets
  • when someone is too young to handle their affairs
  • when someone can't handle their affairs because they are incapacitated
  • to pass on money or property while you are still alive
  • to pass on money or assets when you die under the terms of your will - known as a 'will trust'
  • under the rules of inheritance that apply when someone dies without leaving a valid will (England and Wales only)

There are several types of UK family trusts and each type of trust may be taxed differently. 

There are other types of 'non-family' trusts. These are set up for many reasons i.e. to operate as a charity, or to provide a means for employers to create a pension scheme for their staff. 

Click here to download Trust Application Form.

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E14 5DA
United Kingdom

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