Your Capital is at Risk, investment is not covered by the Financial Services Compensation Scheme (FSCS), the investment may be difficult to transfer and your investment can go down as well as up. You must read our risk page in full before proceeding - click here.

Is the initial £20,000 investment through the Fluid ISA tax-free?

Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

Yes, as an IF ISA, the initial £20,000 investment is treated like any other ISA held with a bank for tax purposes, and as such is not subject to tax. Please note that your £20,000 allowance is an annual limit and is shared between all ISAs you hold.