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Joint Investment Trading Account

What is Joint Investment Trading Account?

Joint Investment Trading Account allows you access to a range of investments including funds, ETFs and shares. To open a joint account, a minimum of two and a maximum four individuals are required.

Who can have a Joint Investment Trading Account?

You can set up a Joint Investment Trading Account, if you are resident in the UK and are aged 18 or over. There must be minimum two people and a maximum of four people.

If we hold a Joint Investment Trading Account with you can we still open ISAs?

Yes, you can all open individual ISAs but ISAs cannot be held in joint names.

How can we open a Joint Investment Trading Account?

To open a joint account you need to complete the online account opening form.

Who owns the assets in the Joint Investment Trading Account?

The assets are owned jointly between all parties.

With regards to Joint Investment Trading Account, Can we withdraw money in single names?

No. Any money requested to be withdrawn will be transferred to your nominated joint bank account.

What happens to our assets if my partner dies?

Upon death of one of you, we will treat the survivor(s) as the owner(s) of money and investments held in the account.

Which investments can we invest in?

All investments available through your account will have been screened for both Ethical and Sharia compliance in accordance with the set criteria in the Ethical Investment Policy Statement. This document can be viewed on Simply Ethical website.

Subject to the screening restrictions that apply to your access to investments, the service enables you to transact in following investments:

  • UK Equities (Shares)
  • Investment Trusts
  • Exchange Traded Funds (ETFs)
  • Open and Closed-ended Funds (e.g. Unit Trusts, OEICs)

What are the charges?

There is no set up cost.

The annual administration charge is tiered within bands as follows:

  • 0.45% per annum for the first £250,000;
  • 0.25% per annum between £250,000 and £1m; and
  • 0.10% per annum above £1m.

This charge is subject to a minimum of £12.50 per quarter. This charge is calculated daily, based upon the value of your investments and charged to the account at quarterly intervals on 31st March, 30th June, 30th September and 31st December each year.

The online dealing or trading fee is £5.95 per trade. This applies every time you buy or sell unit trusts, OEICs, investment trusts, ETFs, VCTs and UK shares.

Please read our Charges Schedule for complete details. This is accessible through our website www.simplyethical.com or by contacting us.


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