A simple way to invest in your future. No limits on how many GIAs you can open, or how much you can invest.
There are no limits on how many GIAs you can open in a year, and you can open a GIA with multiple providers.
Wombat and our partners are covered by the government’s Financial Services Compensation Scheme
Wombat is an Appointed Representative of P1 Investment Management Ltd, who are authorised and regulated by the Financial Conduct Authority.
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You can open as many GIAs with as many providers as you want, even in the same tax year
You can deposit and withdraw an unlimited amount of funds with a GIA
A GIA can be set up in minutes, and you can start investing immediately
A General Investment Account is a standard investing account which is NOT tax-free. This means that you are liable to pay taxes on your investments. However, there is no limit to how much you can invest, or how many GIAs you can have.
Generally, we would recommend using an ISA if you are able to. This means, if you haven’t yet opened or funded a Stocks and Shares ISA this tax year, and if you haven’t used your £20,000 ISA limit. A GIA is a great choice if you HAVE already opened or funded an ISA elsewhere, or if you’ve reached your £20,000 ISA limit.
A National Insurance Number is required to open a GIA Wombat Account.
Capital gains tax is what you will pay if any gains above £12,300, subject to having no other investments.