Why do you need a standard account?

You’ll need a standard account in order to save with Beach. We use this account for essential features such as adding money from your bank account.

You can use this account as an alternative to an ISA within your easy access pot. Or, in addition to, if you’ve reached your yearly limits on your ISA and pension.

We’ll automatically invest your money in this account if you save more than £20,000 per tax year into your ISA.

There’s no tax-efficient saving benefits, so you might have to pay tax on the money you’ve made when you sell your investments (if you’ve made over £3,000).

Note: the government could change these tax or any other rules in the future, and your overall tax treatment will depend on your individual circumstances.