As long as you are over eighteen years old, you can invest up to £10 000 per annum in stock isa. The account runs from tax year to tax year and it is advisable that you use your full allowance during this period, to make the most of what a stock isa account has to offer.
Like all investments accounts, you will make a profit and earn good interest on your investment if you do it wisely. Going in without a clue is not the ideal way to get started. Study the stocks; know all there is to know about the market before you start trading.
The advantage is that any interest or profits earned in a stock isa account is exempt from capital gains tax. This is extremely advantageous for people who are in a high tax bracket.
If you need cash in a hurry, you can withdraw from your stock isa account. Don’t forget that if you want to reinvest it again, you can only do so if you haven’t used your full annual allowance.