To buy shares in Lloyds (LON:LLOY), you need a trading or share dealing account. Follow these three steps if you want to buy shares in Lloyds Bank:
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- Open an investment account with a stock broker
- Deposit funds from your bank account or debit card
- Search for the symbol “LLOY” on the investment platform
- Enter the number of shares you want to buy
- Click buy and you will own shares in Lloyds and they will sit in your investment account
- GIA – a general investment account where tax is payable on Lloyds share price gains and dividends
- Investment ISA – a stocks and shares ISA where profits and income from LLoyds dividends are tax-free
- SIPP – a self-invested pension where you can buy Lloyds shares for your retirement. Profits are tax-free but you only get them at retirement age.
- ETFs – these are exchange-traded funds that contain Lloyds shares. These are a good way to buy Lloyds shares are part of a diverse portfolio. A few examples which contain more that 4% in Lloyds shares are:
- L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF
- iShares STOXX Europe 600 Banks UCITS ETF (DE)
- iShares MSCI UK IMI ESG Leaders UCITS ETF GBP (Dist)
- Amundi MSCI UK IMI SRI PAB UCITS ETF DR GBP (C)
