In the UK, you can trade stocks within a number of different types of investment accounts including: General Investing Account: A general investing account is a standard dealing account. With this type of account, you can contribute as much money as you want and access your money whenever you want. The downside to this type of account is that it will offer no protection from Capital Gains Tax or Income Tax. Stocks & Shares ISA: A stocks & shares ISA is a tax-efficient product that shelters capital gains and income from HMRC. You can invest up to £20,000 per year in this type of account. Lifetime ISA: A Lifetime ISA is a tax-efficient product designed to help people save for retirement or to purchase their first home. It is open to those aged 18-39. Contributions into this type of account come with a 25% bonus while you’re under the age of 50. The annual allowance is £4,000. Self-Invested Personal Pension (SIPP): Self-Invested Personal Pension (SIPP). This is a government-approved personal pension account. With this type of account, capital gains and income are sheltered from HMRC. However, you cannot touch the money until you turn 55 and it is subject to income tax upon withdrawal.