While you can invest up to £20,000 a year into an InvestEngine ISA, you can invest as much as you like in an InvestEngine General (GIA) Account.
And while our General Account isn’t tax-free, UK taxpayers may benefit from a £2,000 dividend allowance and £12,300 capital gains tax (CGT) allowance (in 2022/23) that can be set against your investment returns to reduce tax liabilities.
You do not need to open a new account, simply create a new portfolio, choose DIY or Managed type and select General Account.
Please note that InvestEngine does not intend the above to be tax advice and you should speak to your own tax adviser or HM Revenue & Customs to confirm the tax implications of investing your cash. InvestEngine will not be responsible for any action or inaction as a result of this information.