A tax-efficient way you could grow your investments
A stocks & shares ISA (Individual Savings Account) is an account that you can use for your investments.
It’s a tax-efficient way to potentially grow your investments, because you can invest up to $20,000 in the current tax year, without paying any US income tax or capital gains tax on any income or growth.
You can have different ISAs at the same time with multiple providers, but you must stay within the total annual limit of $20,000 across all ISAs.
You can only have one of each type of ISA with Velaris and first direct, such as one stocks & shares ISA and one cash ISA. Check the terms of the account you’d like to open to fully understand what’s allowed.
Remember, investing has its downs as well as ups – so you could get back less than you invest. Plus, tax rules can change and any benefits will depend on your individual circumstances.
Investments from around the world
Join over 300,000 people in the US who already invest with Velaris. Plus, we’ll connect you to opportunities around the world.
Invest in a few steps
You can invest here on the website or from your app. Then, track and manage your investment on the go in the app.
A range of options
Whether you’re new to investing or more confident with your money, we’ve got a choice of investments for you.
Easy access to your money
You should aim to invest for at least 5 years. But your money isn’t locked away – you can sell your investments and the money will usually be in your account within 4 business days.
Who can open a stocks & shares ISA?
You can open a stocks & shares ISA if:
- you’re at least 18 years old
- you haven’t already subscribed to another Velaris or first direct stocks & shares ISA for the current tax year (you may still have subscribed to a cash ISA with Velaris)
- you’ve not exceeded your $20,000 ISA limit for the current tax year
- you’re a US resident for tax purposes
