Ccryptonary

Tax wrappers · 2026/27

“ISA eligible” stopped being a simple answer.

Last updated

From 6 April 2026, UK crypto ETNs cannot be newly acquired in a stocks and shares ISA. IFISA, pension and transitional rules need to be separated—and your provider can still choose not to offer a permitted product.

Stocks & shares ISA

No new cETN purchases from 6 April 2026

A cETN already held immediately before that date can retain transitional treatment while it remains held. New subscriptions, purchases and switches into cETNs are not permitted in this ISA type.

Innovative Finance ISA

Potentially, through an approved manager

The 2026 policy moved qualifying treatment toward the IFISA. Availability depends on an HMRC-approved IFISA manager choosing to offer the specific security.

SIPP / registered pension

Permitted in principle; provider choice still matters

Government policy allows cETNs within registered pension schemes. A SIPP operator can apply its own product, risk and dealing restrictions.

General investment account

Possible where the broker offers the security

No ISA shelter applies. Disposal and income consequences depend on the security and your circumstances; retain contract notes and fees.

Three checks before relying on a wrapper

  1. 1. Legal rule: can this type of security qualify?
  2. 2. Provider policy: does this manager permit cETNs and this specific ISIN?
  3. 3. Dealing availability: is the correct retail trading line open in your account?

Do not act on an old product page

Pages published between October 2025 and April 2026 may accurately say a product was stocks and shares ISA eligible at the time. That does not make the statement current. Check HMRC guidance and your provider on the day you act.

Read current HMRC guidance ↗

Keep the documents

Save the ISIN, contract note, wrapper statement and fee schedule.

The product name alone may not identify the trading line or the account in which it was held.

Open the records checklist →