Can you hold investment trusts in a Stocks and Shares ISA?

30 May, 2023

Question by Sandra

Answered by Holly Mackay

Hi.

Yes, you absolutely can and it’s probably the best way for most retail investors to buy and hold investment trusts – keeps them in this tax-free environment. Think of the investment trust as the ‘product on the shelf’ and the ISA provider (also known as a ‘platform’) as the supermarket. Administration fees can be cheaper if you use some platforms for investment trusts – check out our Investment Trust Hub for more info and the article on fees for investment trusts via certain platforms too.

Holly

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Answered by

Holly Mackay

Founder & CEO, Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.

I like words and ideas more than numbers. I like investing because at the end of the day it’s about using our money to fund innovation and growth. That’s more fun than any graph!

I like explaining things and ‘bullshit-bashing’. Away from work I like travelling, reading, wine, dinghy sailing, swimming in the sea and running.

I am not very good at sitting still and a manicure is my idea of hell. I have 2 amazing kids and a dog of little brain. Like most people, I'm currently craving a good beach holiday and the smell of sun tan lotion!

NB: Holly is not a qualified financial planner or adviser, she does not take on any individual clients and is unable to accept any requests to provide personalised financial advice. Sorry!

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