Invest up to £20,000 per year with tax-free gains. Open an ISA in minutes or initiate a free transfer today.
Enjoy the benefits of tax-free investing of up to £20,000 per year with Wombat’s ISA - the cheapest Stocks and Shares ISA in the UK
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.
No capital gains or income tax on your investments up to £20,000
Wombat is the only provider that gives you an ISA at no extra cost. Our ISA is currently the cheapest Stocks and Shares ISA in the UK
Grow your wealth with dividends and gains that can accrue tax-free for years
An ISA is an “Individual Savings Account”. If you have an ISA, you can invest up to £20,000 per year completely tax free. There are many types of ISAs, such as cash ISAs, stocks and shares ISAs and innovative finance ISAs. You can have multiple accounts in each type, but you can only open and fund one account per ISA Type each year. Wombat offers a Stocks and Shares ISA.
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.
To open a Wombat account you need your National Insurance Number, passport, to be over 18, and to be a resident of the UK. You cannot open a Wombat account if you hold any form of US citizenship, even if you live in the UK.
Wombat is completely free to use for accounts worth less than £250 (meaning, with £249 or less on your account, between your cash account and investment portfolio). Unlike other companies, we don’t believe there should be a time limit on this trial period. We want to give everyone the chance to test out Wombat for as long as they need, while they get used to our platform. Once your account value exceeds £250, we still have one of the lowest costs in the UK market, charging a small subscription fee of just £1 per month and a platform fee of 0.10% of your account value. See our pricing
With Wombat you can invest in anything on our platform from just £10