Minimum required ISA balance

[telescope]

Hi,

What's the minimum cash balance required to keep an ISA (with nothing else in it) open whilst also avoiding any fees?

Thanks!

Edited March 13, 2023 by telescope

[AshishIG]

On 13/03/2023 at 17:20, telescope said:

Hi,

What's the minimum cash balance required to keep an ISA (with nothing else in it) open whilst also avoiding any fees?

Thanks!

Hi @telescope,

To maintain an active ISA account with us, you are not required to maintain a minimum cash balance. In case you do not have any open positions, you will not be charged any fees. However, you need to subscribe every year for Tax in order to keep the account active. If you fail to do so, your account will be suspended.

Our flexible shares ISAs allow you to subscribe with any amount to keep your account active. If you do not trade and do not have any active positions, you will not be charged any fees. However, if you hold any open positions, you will be subject to our commission and custody fee. For more information on our charges, please refer to this link - https://www.ig.com/uk/investments/share-dealing/costs-fees.

Here are a few additional links that might help:
1. https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/what-types-of-isas-do-you-offer
2. https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-much-can-i-deposit-in-a-cash-isa-and-a-stocks-and-shares-isa

All the best- AshishIG