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  • #1

    investment platform in the
    UK for private investors

  • £120bn

    under administration for
    1.5 million clients

  • Voted "Best Investment ISA 2020/21"
    The Personal Finance Awards

  • #1

    investment platform in the
    UK for private investors

  • £120bn

    under administration for
    1.5 million clients

  • Voted "Best Investment ISA 2020/21"
    The Personal Finance Awards

  • #1

    investment platform in the
    UK for private investors

  • £120bn

    under administration for
    1.5 million clients

  • Voted "Best Investment ISA 2020/21"
    The Personal Finance Awards

Tax Year 2021

Switch Your Money on

Switch Your Money on

Everything you need for the new tax year.

Important information: This isn’t personal advice. If you’re not sure what’s right for you please contact us for advice. Investments and income fall as well as rise in value, so you could get back less than you put in. Tax rules can change and benefits will depend on your circumstances. Income tax rates and bands are different for Scottish taxpayers and different benefits apply. Once held in a pension your money isn’t usually accessible until age 55 (57 from 2028).

Get a head start on your ISA and SIPP

Investing earlier gives you a better chance of reaching your goals sooner. The longer your money is invested, the more time it has to grow.

Each tax year, your allowances reset. So if you’ve got the money spare, we think it makes sense to take advantage of your Stocks and Shares ISA and Self-Invested Personal Pension (SIPP) allowances as soon as you can.

If you’re looking for investment inspiration for your new allowances, we’ve got fund ideas and share ideas that could be worth a look.

Or if you’d rather not invest at the moment, you can make an early start by adding cash now, then deciding where to invest later. Start from £100 as a lump sum, or set up a Direct Debit from £25 a month.

Stocks and Shares ISA

Shelter up to £20,000 this tax year with the UK's No. 1 platform for private investors.

  • Save tax - grow your money free of UK income and capital gains tax.
  • Trust in our promise – if you’re not 100% satisfied with our service in your first 12 months, close your account and let us know. We’ll then refund our annual account charge – no questions asked. Terms apply.
  • Check in anytime – manage your ISA online or with the HL app.
  • Invest for your future - choose your own investments, pick from our ready-made options, or pay a financial adviser to choose investments for you.

Tax rules can change and the benefits of investing in ISAs depend on your circumstances.

More about ISAs (including charges)

Open an ISA

Stocks and Shares ISA

Shelter up to £20,000 this tax year.

  • Save tax - grow your money free of UK income and capital gains tax.
  • Check in anytime - manage your ISA online or with the HL app.
  • Invest for your future - choose your own investments, pick from our ready-made options, or pay a financial adviser to choose investments for you.

Tax rules can change and the benefits of investing in ISAs depend on your circumstances.

More about ISAs (including charges)

Top up your ISA

Self-Invested Personal Pensions (SIPP)

Shelter up to £40,000 each tax year, with the HL SIPP.

  • A tax efficient way to save - grow your money free of UK income and capital gains tax. And get between 20% and 45% tax relief on pension contributions.
  • Invest where and how you want to - pick your own investments, select ready-made portfolios, or pay a financial adviser to choose investments for you.
  • Manage your pension with ease - check your pension whenever you like, online and with the HL app.
  • Flexibility at retirement - make withdrawals to suit your needs. You can choose from all the pension freedom options.

Pension and tax rules can change and benefits depend on your circumstances. Typically you need to be at least 55 (57 in 2028) to access the money in a pension.

More about SIPPs (including charges)

Open a SIPP

Self-Invested Personal Pension (SIPP)

Making the most of your pension allowances now, could mean you’re better off in the future.

  • Tax free investing - grow your money free of UK income and capital gains tax.
  • Shelter up to £40,000 - in your SIPP each tax year and get tax relief (between 20% and 45%) on personal contributions.
  • Free from inheritance tax - pass on wealth tax efficiently, and in some cases completely tax free.

Pension and tax rules can change and benefits depend on your circumstances. Typically you need to be at least 55 (57 in 2028) to access the money in a pension.

How much can you pay in?

Top up your SIPP

Our latest investment ideas for ISA and SIPP

Investing in these funds isn’t right for everyone. Investors should only invest if the fund’s objectives are aligned with their own, and there’s a specific need for the type of investment being made. Investors should understand the specific risks of a fund before they invest, and make sure any new investment forms part of a diversified portfolio.

If you are unsure of the suitability of an investment for your circumstances please contact us for advice. Investments will fall as well as rise in value so you could get back less than you invest.

Income and
growth idea

Artemis Income

Wealth ShortlistWealth Shortlist
  • On the hunt for above-average dividends
  • Fund manager with a proven track record
  • Focuses on the UK

Find out more

Find out more

Responsible idea

Legal & General Future World ESG Developed Index

Wealth ShortlistWealth Shortlist
  • An easy way to invest responsibly
  • Global exposure
  • Low ongoing charge makes it one of the cheapest ways to invest (HL platform fee also applies)

Find out more

Find out more

Conservative idea

Troy Trojan

Wealth ShortlistWealth Shortlist
  • Aims for growth with lower volatility
  • A well-diversified portfolio of bonds, gold, cash and shares
  • A tried and tested approach which has been used for 20 years

Find out more

Find out more

Artemis Income

Income is an important investment strategy for many investors. Whether looking for an income in retirement, or to supplement wages, equity income is a common way to try to achieve this. It’s also a useful way to diversify growth-focused funds. Or, if the income isn’t needed now, it can be reinvested to boost future growth potential.

2020 wasn’t a golden year for income investing, especially in the UK, as the coronavirus pandemic saw many UK companies cut or even suspend their dividends.

While dividends in the near term are likely to be lower than we've been used to in recent years, we expect the UK to remain a place for income over the long run. Some companies that previously cut are now looking to reinstate payments, which could grow over the coming year. Some will take longer to recover than others though and other potential headwinds, such as Brexit, shouldn’t be overlooked.

Artemis Income offers a core approach to income investing in the UK. Manager Adrian Frost has one of the longest and most successful records using this strategy, and he also has the help of co-managers Nick Shenton and Andy Marsh.

Their main aim is to find companies with sustainable cash flows, which could be used to support dividends paid to shareholders. Importantly these companies should pay dividends the managers think will grow faster than average.

This fund takes its charges from capital, which can increase the yield but reduce the potential for capital growth. It also has the flexibility to invest in higher risk high-yield bonds.

Artemis Income - performance under Adrian Frost

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021

Annual percentage growth
Feb 16 - 17 Feb 17 - 18 Feb 18 - 19 Feb 19 - 20 Feb 20 - 21
Artemis Income 15.4% 6.2% 0.1% 0.5% 6.2%
IA UK Equity Income 15.5% 4.2% -0.5% -1.3% 3.4%

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021

Fund information

Net initial charge: 0.00%
Net ongoing charge: 0.80% p.a.
Saving via HL*: 0.21% p.a.
Net OCF: 0.59% p.a.
Max HL charge: 0.45% p.a.
Performance fee: No
Max total annual charge: 1.04% p.a.

See how these charges impact your investment

*Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Legal & General Future World ESG Developed Index

Responsible investing has become more and more popular. Thinking about environmental, social and governance (ESG) factors when building a portfolio has become important for many investors.

This is because more people want to take the issues they care about most into account in all aspects of life, including investing. Not only can this have a positive impact on the environment and society, but issues related to the way a company is managed can impact profits and drag down a company’s share price. Overall, responsible investment funds give you the chance to make money in a way that’s in line with your principles.

Legal & General Future World ESG Developed Index invests across developed stock markets while being mindful of ESG issues. It aims to track the performance of the Solactive L&G ESG Developed Markets Index, which is made up of around 1,300 companies based across the globe. Around two-thirds of the fund currently invests in US-based companies, with the rest invested across areas such as Japan, the UK and Europe.

The fund is focused towards sectors such as technology, pharmaceuticals and financials. It won’t invest in tobacco companies, pure coal producers, makers of controversial weapons or persistent violators of the UN Global Compact Principles.

An index tracker fund is one of the simplest ways to invest, and this fund could be a good addition to a broader investment portfolio aiming to deliver long-term growth in a responsible way. The fund has the flexibility to use derivatives which if used adds risk.

Legal & General Future World ESG Developed Index - performance since launch

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021

Annual percentage growth
Feb 16 - 17 Feb 17 - 18 Feb 18 - 19 Feb 19 - 20 Feb 20 - 21
Legal & General Future World ESG Developed Index N/A N/A N/A N/A 23.6%
IA Global 31.9% 8.4% 1.9% 7.0% 23.5%

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021. N/A – Full year performance data is not available for this period

Fund information

Net initial charge: 0.00%
Net ongoing charge: 0.18% p.a.
Saving via HL*: 0.00% p.a.
Net OCF: 0.18% p.a.
Max HL charge: 0.45% p.a.
Performance fee: No
Max total annual charge: 0.63% p.a.

See how these charges impact your investment

*Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Troy Trojan

We expect stock markets to grow over the long run, but they’ll fall at times too. While Covid-19 vaccines are now being rolled out, there is still likely to be economic uncertainty associated with the virus and periods of market volatility in the short term.

Total return funds could be considered in this environment. They’re more conservative than funds that invest fully in company shares. They normally invest in a mix of investments including shares, bonds, commodities and currencies. They could provide modest growth over the long term, and help shelter money when stock markets fall, but are unlikely to keep up with stock markets when they rise quickly.

Troy Trojan has a solid long-term track record and is run by experienced fund manager Sebastian Lyon. He focuses on the shares of well-established US and UK companies he thinks offer reliable earnings and good growth potential. The rest of the fund invests in UK government bonds, US inflation-linked bonds - which could provide some shelter from rising inflation - gold and cash. The cash and gold could help provide some ballast when economic and stock market conditions are tougher. The fund has a relatively small number of investments, which means each holding can have a meaningful impact on performance but does add risk. It also has some exposure to higher-risk smaller companies.

We think the fund could form the foundation of a broad investment portfolio, bring some stability to a more adventurous portfolio, or provide some long-term growth potential to a more conservative portfolio.

Troy Trojan - performance since launch

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021

Annual percentage growth
Feb 16 - 17 Feb 17 - 18 Feb 18 - 19 Feb 19 - 20 Feb 20 - 21
Troy Trojan 11.2% -0.9% 1.0% 8.7% 5.2%
IA Flexible Investment 21.7% 7.0% -1.0% 4.1% 14.0%

Past performance is not a guide to the future. Source: Lipper IM to 28/02/2021

Fund information

Net initial charge: 0.00%
Net ongoing charge: 0.86% p.a.
Saving via HL*: 0.25% p.a.
Net OCF: 0.61% p.a.
Max HL charge: 0.45% p.a.
Performance fee: No
Max total annual charge: 1.06% p.a.

See how these charges impact your investment

*Some or all of the saving is provided through Loyalty bonus which is tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund and Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Invest now

Add cash now, pick investments later

There’s often a lot to think about when it comes to making investment decisions. By learning more about topics like risk and diversification, you can give yourself a better chance of success over the long term.

If you’d like to make an early start on this year’s ISA or SIPP, you don’t need to choose your investments straight away. You can add cash now, then decide where to invest when you’re ready.

New to investing?

Getting started could be easier than you think. Watch our videos to get to grips with the basics.

Or download our guide on how to start investing in the stock market.

Frequently asked questions

I have every SIPP and stocks and shares ISA all under one roof for me and my family. So easy to operate and keep an eye on.

Mr B Cleall

I feel that I am dealing with a quality, caring company who care about their clients. I have felt that from day one.

Miss D Jenkins

Awards

BEST INVESTMENT ISA 2020/21
The Personal Finance Awards


BEST ONLINE INVESTMENT PROVIDER 2019
Boring Money Consumer Investment Awards


BEST CUSTOMER SERVICE 2019
Boring Money Consumer Investment Awards

See all our awards

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