Just like the money you earn from your job, investments that earn you money may result in you needing to pay tax. The exact amount of tax you’ll pay depends on your personal tax situation.

With a GIA, you only pay capital gains tax (CGT) and dividend tax on profits above your allowances. The amount you’ll be taxed depends on the size of your gains, and your current income tax band.

In the 2023/24 tax year, you have a CGT allowance of £6,000 and a dividend allowance of £1,000. At present, Gather does not offer any dividend paying investment options. For more information on CGT, visit https://www.gov.uk/capital-gains-tax