Compare Accounts
Find the one that's right for you
The right account for you will depend on your goals. Whether you’re building a pension pot or just saving for the future, we can help.
You can check the different features of our award-winning investment and savings accounts in the table below, or tell us your goals to narrow the field.
This table is here to help you choose an account yourself, but it’s not advice or a personal recommendation on what might be suitable for you. If you’re not sure, you should consider financial advice.
BEST BUY ISA 2023
Boring Money Best Buys
BEST BUY PENSIONS 2023
Boring Money Best Buys
Important information: investing for longer increases the likelihood of positive returns. Over a period of five years or more, investments usually give you a higher return compared to cash savings. But investments can go down as well as up in value, so you could get back less than you put in.
Tax rules can change and their benefits depend on your circumstances. Once in a pension your money isn't usually accessible until 55 (57 from 2028).
I'm investing or saving...
For...
I've used up my full ISA allowance for the current tax year (£20,000)
Compare accounts table
Overview
Tax benefits
Minimum to open
Maximum contributions
Eligibility
Stocks and Shares ISA
A simple way to invest up to £20,000 free from UK tax.
Tax benefits
- Tax-free growth
- Tax-free withdrawals
- No UK tax on income
Maximum contributions
£20,000
per year
Eligibility
- UK resident
- Aged 18+
Fund and Share Account
A low-cost, flexible dealing account that makes anytime trading quick and easy.
Tax benefits
- Make use of your tax-free dividend allowance, capital gains tax allowance and personal savings allowance
Maximum contributions
Unlimited
Eligibility
- UK and EEA residents
Self-Invested Personal Pension
A flexible pension that gives you the control to choose your own investments.
Tax benefits
- Up to 45% tax relief on contributions if under age 75 (up to 47% for Scottish tax payers)
- Tax-free growth
- No UK tax on investment income (i.e. dividends and interest payments)
- Up to 25% can usually be withdrawn tax free, the rest is taxed as income
Maximum contributions
As much as you earn, usually up to £60,000 per year (see rules)
Eligibility
- UK resident
Lifetime ISA
Save and invest for your first home or later life, with up to £1,000 per year in extra help from the government.
Tax benefits
- 25% government bonus on any contributions
- Tax-free growth
- No UK tax on income
- Tax-free withdrawals when buying a first home or at age 60 (other withdrawals usually subject to 25% penalty)
Maximum contributions
£4,000 per year until age 50 (contributions also count towards your £20,000 ISA allowance)
Eligibility
- UK resident
- Aged 18 - 39
Active Savings
Pick and mix easy access and fixed term savings from a range of banks and building societies through one online account.
Tax benefits
Taxed as savings interest
- Up to £1,000 tax free under personal savings allowance
Minimum to open
£1
Maximum contributions
Unlimited
although savings products will have individual limits
Eligibility
- UK resident
Junior SIPP
A self-invested personal pension you can start on behalf of a child to help them invest for later life.
Tax benefits
- 20% boost from the government
- Tax-free growth
- No UK tax on investment income (i.e. dividends and interest payments)
- Up to 25% can usually be withdrawn tax free, the rest is taxed as income
Maximum contributions
£3,600
per year (including £720 tax relief)
Eligibility
- Parents or guardians can open a Junior SIPP for their child, if the child is a UK resident
Bare Trust Account
Invest for a child with no investment limits using a bare trust.
Money can be accessed before the child turns 18 as long as it is used for their benefit. From 18 the child is automatically entitled to the money in the bare trust.
Tax benefits
- Investments held on behalf of a child are usually taxable at their rates
Minimum to open
£100
or
£25
per month
Maximum contributions
Unlimited
Eligibility
- Anyone can open a Bare Trust Account on behalf of a child
- The person giving the money, the person running the account and the child all need to be UK resident
Junior Stocks and Shares ISA
Why wait to start investing in their future? A Junior ISA is a tax-efficient investment account for children under 18, and anyone can add money to it.
Tax benefits
- Tax-free growth
- No UK tax on income
- Tax-free withdrawals from age 18
Maximum contributions
£9,000 (in the 2024/2025 tax year)
Eligibility
- Parents or guardians can open a Junior ISA for their child, if the child is a UK resident
- Children born between 1 September 2002 and 2 January 2011 need to have transferred their Child Trust Fund to a Junior ISA to open an account.
Tax benefits
- No UK tax on interest
- Tax-free withdrawals
- Tax-free withdrawals from age 18
Minimum to open
£1
but this can change depending on the savings products you choose within the Cash ISA
Maximum contributions
£20,000
per year
Eligibility
- UK resident
- Aged 18+
Why HL?
- Security - we're a FTSE-listed company, trusted by over 1.8 million clients
- Ease - manage your investments anytime online or with the HL app
- Expertise - our in-house experts provide investment research and ideas
- Award-winning - we've won over 200 awards, including Best Online Stockbroker 2022/2023 by the Personal Finance Awards
See why Helen chose HL
HL really stood out to me as a reputable and established platform for do-it-yourself investors. They’re so trustworthy. HL’s customer service is also remarkable. They’ve always been great at explaining things to me.
Helen uses her HL accounts to manage her own investments.
Helen uses her HL accounts to manage her own investments.