Revolut has launched Stocks and Shares ISAs and UK-listed Exchange-Traded Funds (ETFs) as it expands investment options for customers in the UK.
According to the broker, Brits have historically had a lower appetite for investing, potentially missing out on opportunities to build long-term wealth. With its suite of products, Revolut says it is normalising investing as a core part of daily personal finance, making it more accessible than ever to trade either as part of a regular trading account or within a tax-efficient wrapper.
Revolut’s new ISA product
With Revolut’s new Stocks and Shares ISA, customers now have another way to save and invest up to £20,000 per year tax-free, allowing them to make more of their hard-earned money and maximise returns. With the fully flexible ISA, investors are free to withdraw and replace funds at any time, without impacting their yearly allowance. ISA transfers will be available to customers in the coming weeks, ensuring the smooth transition of assets from other providers to Revolut, with interest on uninvested cash within customers’ ISA pots to follow after.
Furthermore, alongside the ability to invest in homegrown UK and popular European and US companies, Revolut now offers access to hundreds of popular ETFs, including Vanguard and Blackrock, from as little as £1. With a single investment, users can diversify their holdings and gain exposure across a range of sectors and geographies, a powerful tool for managing and building their portfolios.
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Commenting on the launch, Yana Skrebenkova, CEO of Wealth and Trading UK, said:
“We believe that building wealth shouldn’t be a privilege reserved for the few. That’s why we’re breaking down the barriers to give our UK customers access to more low-cost investment tools alongside their day-to-day spending, without navigating multiple platforms.”
Tax efficient investing in UK stocks
UK investors can grow their money in a tax-efficient investment Stocks and Shares ISA, put their money back into homegrown companies, and diversify their portfolios through ETFs, European and US stocks, giving them far more choice to hedge against market volatility and supercharge their long-term savings.
Revolut’s investment features are fully integrated into its everyday app experience with no need to switch platforms or manage multiple accounts. And with at least one commission-free order per month for every customer and no monthly subscription fees, Revolut reckons it is making investing more affordable and accessible.
