Take your financial future into your own hands

Invest in a tax-efficient Stocks and Shares ISA

Take advantage of your full £20,000 allowance on SaxoTraderGO

Take an active role in your financial future and make tax-efficient portfolio decisions with a Stocks and Shares ISA on our award-winning online trading platform, SaxoTraderGO.

SaxoTraderGO gives you access to thousands of ISA eligible stocks across the world’s leading exchanges as well as ETFs and bonds.

Take advantage of your full £20,000 ISA allowance with Saxo and enjoy commissions from just £4.99 on UK stock trades and $9.90 on US stock trades. Open an ISA with us today and experience the benefits of investing with Saxo.

Online access to 25 global exchanges

Deal in eligible shares, ETFs and bonds

Low trade costs from just £4.99 on UK stocks & $9.90 US stocks

Currency conversion charge of just 0.5%

Easy to transfer existing ISAs from other providers

Withdraw cash at any time without penalty fees


Understanding the Tax Benefits

One of the most attractive benefits of an ISA are the tax advantages. Within a Stocks & Shares ISA investors are exempt from:

Capital Gains Tax

Further tax on income

The UK tax year ends on 5th April each year. This is the deadline to make a deposit into your Saxo ISA using your annual allowance. Any remaining allowance cannot be carried over to the following year. Without utilising your ISA allowance, your investments may be subject to the taxes outlined here:

Share dividend income over £5,000 p.a.:

Saxo ISA - 0%

Basic rate tax-payer - 7.5%

Higher rate tax-payer - 32.5%

Higher rate tax-payer - 38.1%/p>

Capital Gains in excess of £11,100 annual limit:

Saxo ISA - 0%

Basic rate tax-payer - 10%

Higher rate tax-payer - 20%

Higher rate tax-payer - 20%

Tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary. Tax rates and thresholds correct as of 2016/17 tax year.

Read most frequently asked questions on ISAs with Saxo Capital Markets UK Ltd.

The ISA subscription limit for 2017/18 is £20,000. The full amount can be invested either in a Stocks & Shares ISA or Cash ISA, or any split in between.

It is possible to subscribe the full £20,000 allowance in to a Saxo ISA, which is a Stock & Shares ISA. Saxo does not offer a Cash ISA.

It's important to remember that ISA accounts are based on current tax rules which are subject to change.

To be eligible for a Saxo ISA you must be:

  • Over 18
  • Resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or are married to, or in a civil partnership with, a person who performs such duties.
  • Not have subscribed to another Stocks & Shares ISA in the same tax year.

There is no minimum account size to open a Saxo ISA.

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

ISA eligibility of individual investments is determined by the requirements prescribed by HMRC and whilst SCML provides access to multiple global exchanges, only ISA eligible shares will be available for trading on the platform.

The Saxo ISA, a Stocks & Shares ISA, is provided by SCML who is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422, with registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA and company number 7413871, in their capacity as an ISA Plan Manager no. Z1849.

To apply for a Saxo ISA simply complete our online application form and read the relevant documents relating to the account.

Unfortunately we cannot currently accept transfers of existing ISAs into the Saxo Stocks & Shares ISA. We hope to be able to offer this again in the near future.

Please note at that time SCML will not charge a fee to accept your ISA account, however your existing provider may levy an exit charge.


Please download our Rates & Charges pdf for full details of SCML charges.

You can manage ISAs alongside other Saxo accounts but you will have separate logins for ISA, Trader and SIPP accounts held with Saxo.

Saxo ISA accounts are maintained separately from other SCML Trading accounts and for the avoidance of doubt any cash or the value of any stocks held within a Saxo ISA cannot be used as collateral for margin trading.

ISAs give you the flexibility to withdraw money from the account at any time and Saxo will not charge you to do so. However, please remember that when you withdraw money from your ISA, your annual allowance remains unaffected. This means, for example, that if you reach your annual subscription ISA limit during the current tax year and then make a withdrawal, the money cannot be deposited back in.

Saxo does not offer Flexible ISAs.

Yes, you can transfer your Saxo ISA to another provider. We will require a completed Transfer Form from your new provider.

There is a transfer out fee of EUR 50 per ISIN, with a maximum charge of EUR 160.

Please click here to view the Rates & Charges PDF.

You can close your ISA whenever you wish and there is no charge for doing so. However, by closing your ISA you will lose the associated tax benefits.

Please note that should you become ineligible to make an ISA subscription at a later date, for example by moving abroad, the ISA can remain open and the associated tax benefits will be retained.