Individual Savings Account (or ISA for short)

Let your investments grow free of UK income tax and capitals gains tax

What is an ISA?

An Individual Savings Account or ISA is a tax efficient savings vehicle. The investments held within an ISA are not subject to UK income tax or capital gains tax so you get to keep more of your investment growth. You can transfer existing ISAs into the MES ISA.

Why MyExpatSIPP?

Our service is designed for expats, whether you’re a non-UK resident or living in the UK. Monitor your account around the clock and place investment instructions with the easy to use online account, alongside ongoing support and guidance to assist you with managing your savings. Our simple and transparent fees mean there’s no hidden commission or ongoing adviser fees.

Unrestricted access

There are no restrictions on how much and when you can withdraw the money from your ISA, and withdrawals are usually free from UK taxes.

Investment Control

This is a Stocks and Shares ISA and you can select from:

  • UK, US and other overseas Shares
  • Exchange Traded Funds
  • Investment Trusts
  • Unit Trusts & OEICs
  • A range of ready-made Portfolios

£20,000 annual savings limit

You can contribute up to £20,000 to an ISA in the current tax year (for UK tax residents) and you can transfer unlimited amounts from other ISA accounts regardless of your country of residence. There is no lifetime limit to the amount you can build up in an ISA.

Tax free growth

The investments held within an ISA are not subject to UK income tax or capital gains tax so you get to keep more of your investment growth. You will need to check the tax treatment in your country of residence.

Take control of your savings

ISA charges

Our charges includes full support and guidance from our team to help you manage your account, as well as arranging the safe custody and administration of investments on our platform.

The platform charge is tiered and is only charged on the value of investments. The value of GBP cash is excluded:

ISA value Platform Charge
Up to £250,000
0.38% p.a.
From £250,000 to £1m
0.23% p.a.
Value over £1m
0.06% p.a.
Dealing and custody charges

£4.95 per deal – Unit Trusts and OEICs (Mutual Funds)

£11.95 per deal – Exchange traded securities such as Shares, ETFs and Investment Trusts

0.12% p.a. – Custody of investments and cash

Account charges

£50 – Account opening (Deducted on receipt of the first payment to the account)

£50 – Account closure (Deducted when the account is closed due to a transfer out or full withdrawal)

£15 – Withdrawal (Deducted for each withdrawal to your nominated bank account)


All charges will be deducted from the cash in your account. You must always ensure that there is sufficient cash within your account to cover our charges or any other payments when they are due.

Platform charge – the platform charge is calculated based on the average value of your account each month and collected the following month. For example, for account values of less than £250,000 the monthly platform charge will be the average value x 0.38% / 365 x number of days in the month. For new accounts opened during the month, the charge will be applied on a pro rata basis from the date of account opening to the end of the month. For accounts closed in a month, the charge will be applied on a pro rata basis from the beginning of the month to the date the account is closed.

Buying and selling investments – The investments that you choose may have their own initial and annual charges, in addition to our dealing charges. Dealing charges apply separately to purchases and sales and the dealing charge for each transaction will be shown on the contract note. Stamp duty of 0.5% applies on all purchases of UK quoted shares. The PTM (Panel on Takeovers and Mergers) levy of £1 is payable on equity trades with a consideration of over £10,000 in securities of companies which are incorporated in the UK, Channel Islands or Isle of Man. Additional government and local stock exchange charges are payable for certain international markets and will be added to your contract note.

How to transfer your ISA


You complete the simple online application to open an ISA and complete the ISA transfer form.


We contact your existing ISA provider(s) and instruct them to transfer the money to your new ISA account.


The money is paid into your new ISA account and invested into your chosen investments.

Frequently Asked Questions about the ISA

If you can’t find the answer you’re looking for, please send us a message


Yes, you can open an ISA with MyExpatSIPP and transfer an existing ISA, regardless of your country of residence.

You can only pay new money into your ISA if you are a UK resident and the annual subscription limit is currently £20,000.

Yes, US Persons (i.e. US citizens and/or US residents) will be able to open an ISA and transfer an existing ISA.

In the application, you must provide us with your National Insurance Number (NINO). This is your individual UK tax identification number and consists of two letters, six numbers then a letter e.g. AB123456C.

You will also need to upload a copy of your passport and a utility bill or bank statement so that we can verify your identity.

You must be aged 18 or over to open an ISA with MyExpatSIPP.

After you set up your ISA, we’ll email you with a transfer form to complete. You’ll just need to enter the details of the ISA you want to transfer (such as the name of provider, your policy number and approximate value) and email it back to us.

We’ll then liaise with your existing provider to arranger the transfer.

Need some help choosing your investments?

Have a look at our ready-made portfolios to help get you started with investing

Got some questions about transferring an ISA?

Get in touch with our friendly UK based support team


SIPP value

From £25,000
From £50,000


Full flexi-access drawdown

Payments to overseas bank accounts in over 40 currencies

Full flexi-access drawdown

Payments to overseas bank accounts in over 40 currencies


Default investment option only

(Vanguard SustainableLife 60-70% Equity Fund)

Multi currency investments and cash

Online dealing

ETFs & Investment Trusts

Unit Trusts and OEICs

Default investment option

Annual charge



0.30% on full balance

Full charges schedule



0.35% on balances up to £1m

0.20% on balances over £1m

Full charges schedule

Select the appropriate SIPP