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Top 5 GIA providers

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Hargreaves Lansdown
Type Do It Yourself Investment Platforms
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AJ Bell YouInvest
Type Do It Yourself Investment Platforms
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Nutmeg
Type Do It With Me Investing Services
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Moneyfarm
Type Do It With Me Investing Services
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Wealthify
Type Do It With Me Investing Services
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What is a GIA?

GIA stands for General Investment Account, and is a catch-all term for vanilla investment accounts with zero tax benefits that are used for everyday investing outside of your ISA or SIPP. It means any gains or income produced from investing may be subject to tax, depending on your individual circumstances.

 

But, it’s important to remember that there are annual thresholds below which investing activity won’t attract any tax. Watch this video to find out more, or read this blog.

Frequently Asked Question

What is GIA?

A General Investment Account is a plain, vanilla investing account that comes with no tax benefits. Any investment activity is therefore subject to tax, depending on whether gains or income has exceeded your personal tax thresholds for the tax year.

Why would I use a GIA?

We would recommend using these accounts only after you’ve exhausted your annual ISA or SIPP provisions, as these come with enormous tax benefits which can significantly impact investment returns.

Which taxes will I face investing in a GIA?

As GIAs are subject to tax, you may face capital gains tax (CGT) on capital gains (profits from the rise in the value of assets), as well as taxes on interest (bonds or cash) or dividend income, depending on whether you have exceeded your personal tax thresholds with each for the tax year.

What are my tax-free thresholds?

Before paying any tax, in each tax year you may earn up to £12,300 in capital gains, £1,000 in interest (bonds or cash), and £2,000 in dividend income (interest from shares). Exceeding these amounts outside of an ISA or SIPP will mean you will have to pay tax.

Top 10 GIA providers

Top 10 GIA's
Type
Overall rating
Hargreaves Lansdown
Do It Yourself Investment Platforms
AJ Bell YouInvest
Do It Yourself Investment Platforms
Nutmeg
Do It With Me Investing Services
Moneyfarm
Do It With Me Investing Services
Wealthify
Do It With Me Investing Services
Interactive Investor
Do It Yourself Investment Platforms
Fidelity
Do It Yourself Investment Platforms
Halifax Share Dealing
Do It Yourself Investment Platforms
Barclays Smart Investor
Do It Yourself Investment Platforms
True Potential
Do It With Me Investing Services