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:
- 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
Different ways to buy Lloyds shares
- 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)
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
