I don’t know how but you’ve managed to package an unbiased analysis. Stocks have stayed aloft as signs of cooler inflation I believe the Fed is finally done with raising rates, that means “Santa has come early” to the markets. What are the best additions to a $500K portfolio to boost performance?
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80,000, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550,000.
I have made a lot of money during the last 6 years, mostly with tech stocks. This year alone i've made over $250k in profits from the first 2 quarters 2024. The lesson I've learned is to focus on what I believe to be good investments and to do completely the opposite of what the noise is saying. I'm 100% invested long.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I'm looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Great timing and thanks for this video as I'm just starting to move my (underwhelming and actively managed - doh) investments over to join my existing Vanguard funds. I am not clever, and I am not going to beat everyone else with some complex strategy that's been pulled out of my arse (or anyone else's for that matter!) - That's what I learned from this channel! :)
Glad that you’re finding the channel helpful! Thanks for the support and good lick with the transfer. I have a funny feeling you will be breathing a sigh of relief when it’s done. 👍
Yes, let's hope this sticks. This is the most obvious ISA change that's been long overdue. If implemented, it'll really start driving competition up, and fees down.
There's more to it than just these fees. There's also the bid offer spread you are offered when purchasing and selling. One platform may be free to trade whilst another may incur a charge, but that doesn't mean the price you pay for the ETF or stock is the same on both platforms. It's possible that free trading costs may be recouped by a larger bid offer spread on the platform. Traditionally, the bigger the broker, the narrower the bid offer spread.
There is also the question of how competent the platform is and how easy is it to talk to someone to get it sorted? IB would be bottom of the list there. Besides, Sasha hasn't looked at fees fully e.g. regular investing and capped custody charge.
@@jam99Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges? Say for example £200/month put into stocks and shares isa and invested into 1-2 index funds. And is there a simple way of explaining how to work this out please, just trying to wrap my head around it all before I make the choice. Thanks!
How would bigger bid, offer spreads benefit the platforn. You can purchase Vanguard etfs on their own platform without dealing costs, just not in real time. The same applies to investengine, no dealing costs but you can't buy in real time, but deals go thru just like when buying, selling normal funds.
I would be very interested to see a video of what happens if a broker goes bankrupt. Everyone knows that we are covered up to 85k but what happens to the rest of the money in an ISA and what happens to the money in a GIA and what difference does it make between holding stocks vs having cash in that account when over the 85k limit. Good videos as usual :)
I had this happen to me and the part no one mentions is the time it takes to sort out. It took about a year to get access to my shares again, and the FCA moved them to a broker who was so incompetent that accessing them probably took the same again. I have no idea how much money I might have lost not being able to sell during that. I'm happy to pay high HL fees now to avoid that kind of hassle again
@@Anon-nv7bp SVS Securities. I got notified on the 24/Aug/2019 that they had gone into special administration, and my funds were transferred to ITI Captial on the 13/July/2020. I had lots of problems with them getting an account set up and being able to do anything with it, and these were never resolved. In July 2022 they decided to exit the UK so I transferred to HL, and that took until October 2022 to sort out. HL were fantastic, but ITI were incompetent. I think they really overreached themself when they took on the SVS business, and they just couldn't cope. I'm done with "cheap" brokers. They are cheap for a reason. If I had needed that money at any point between Aug 2019 and Oct 2022, or if I wanted to sell any shares, I couldn't have.
Note that you can also transfer ISAs to other companies. So, if you make a mistake, you are not stuck forever with an expensive company. Usually the transfer requires that you've sold the shares already. Some companies also allow you to borrow from your £20k temporarily as if it's a cash savings-account, and you can return that money before the end of the financial year.
So if someone makes a mistake like this, should they make a transfer or they can sell the shares and can withdraw money to their bank account and then deposit into the desired one? Is there any penalty for not doing it the right way, and what even is the right way?
@@joannalis-kumar4627 Sell all the shares inside the old ISA, you'll now have £20k cash in the old ISA. Then start the process of transferring that ISA to another company. Absolutely do not withdraw from the old ISA, it will complicate things. If the old ISA was created in this financial-year, it might be fine. But if the ISA was created a long time ago, you now have a dud with a new max-£1 ISA instead of a max-£20k ISA.
Brilliant video, thanks. I have a question regarding what you mentioned about opening up one ISA account per year; is this limitation just because of the £20K contribution threshold per year? surely I would be able to open up another ISA account with say IBKR but currently have an ISA with II (for years) with £10K still available in this FY?
Thanks so much. I am starting my investment journey very late in life and find it all so confusing. Thanks for shedding some light on this subject. 💲🥂👏🏻
What are the best options for Day Trading the US Market in a stock and shares ISA? with a platform that caters for before and after hours trading, Hot keys and level 2 data?
Thanks for this. It would be good for you to briefly cover the process of swapping ISA providers.. is it simple? do you have to liquidate your entire portfolio if swapping from HL to T212 for example or if all same holdings offered by T212 can you just swap the portfolio and holdings over directly?
Great video. Thanks a million, but you said "...if you want to invest in UK stocks or European stocks, because I know there are going to be some people who like self inflicting pain..." You HAVE TO explain what you mean by that - please?
Great video, thank you! I'm curious, if I were to relocate indefinitely to another country, would I still be able to keep my ISA account open and allow my investments to grow tax-free? Perhaps not making further deposits, but simply leaving the funds already invested to be withdrawn at a later time.
Hello, thanks for the video as usual very informative. Quick question: Whats your tought & Simple Explanation about recent change on interactive brokers (It is just migration to uk accounts) or? Bellow migration info: Currently, your Investment ISA and/or Junior Investment ISA(s) (“ISA Accounts”) are serviced by both Interactive Brokers (U.K.) Limited (“IBUK”) and Interactive Brokers LLC (“IBLLC”), a US broker-dealer. IBLLC provides you with execution, clearing and custody services for various products, including ISA Accounts (the “IBLLC services”). In March 2024, we will begin providing execution, clearing and custody services for ISA Accounts exclusively via IBUK.
These sorts of changes happen relatively frequently - they are changing their legal structures/potentially this is regulator-induced or whatnot. Doesn't really affect anything in terms of your fees or account though - just legalese.
Thank you Sasha! Very informative! Very happy to use your link as well as I like very much your transparency comparing with some other guys out there, so very glad came across this channel. Ps. Q: Can I open new ISA acc for New year with new provider or do I have to move money from existing provider to New? Thanks a lot!
Thanks for watching an the kind words! You can open a new ISA from 6 April (new financial year) and you can choose what to do with your old one. You are allowed to keep it and buy/sell/reinvest the money already in there. But if you open a new one and start paying into that, you just can't add any more money to the old one. You can also choose to move it across if you wish - that's really up to you!
Great video! Thanks you. If we open stock ISA with suppose interactive investor with 20, 000 this financial year can we invest another 20,000 next year which will be tax free? Or do we have to open a new account?
Hi, great videos!! Can I check if we click on the link for the trading 212, you will be eligible for up to £100 for a share and the 1% cashback before the end of the 2023/24 tax year?
You can, but you don't have to. You can keep the old one running if you don't want to move it. If you do move, it can take a little bit of time and Freetrade will charge you fees (think it's £17 per position for US stocks), but might be cheaper than paying the monthly fees.
Hi Sasha - new subscriber (and total newb) here, wondered - is it too late or or even too early (March 2024) to open a Stocks and Shares ISA with the tax year starting next month? Wondered what your thoughts were
Great video as always! What’s your current opinion on Moneybox? I currently use for both S&S and personal pension but wondering if I should move ISA to another provider?
Staying or moving is really up to you. Moneybox is pretty expensive though and have a limited offering. 0.45% FX is already very pricey, but there's the 0.45% platform fee on top as well as the £1 per month - it all adds up.
Thanks for your video. I’ve just put 10k into an RBS isa for two years, also just started a SIPP with vanguard. I’d like to put say £20 a month into a stocks and shares isa over five years, can I ask your thoughts if you were in my position what would you do? Thanks.
Hi Sasha, great video as always. If you transfer to a different ISA provider mid way through the year, can you still only pay into the 1 (original) ISA? Cheers!
Good question! You can transfer mid year but the rules are you have to transfer everything you invested in that year across. With stocks it can be complex if you have prior years and you don’t want to transfer those. Many brokers will ask if you already paid into the same type of ISA when you sign up and not let you open an account if you did - presumably don’t want to deal with the process.
I think it's Interesting to learn how things work in the UK although I don't live there. Any adult does what they want with their money limited to what is available and knowledge. Nice video
Great video, thank you Sasha! Just wanted to ask, what are your thoughts on Stocks and Shares LISAs? Specifically with regards to any advice which provider to go to or how to decide? and Using S&S LISA vs Cash LISA? Thanks :)
@SashaYanshin Another very well explanatory piece of information, well done kind sir! Q: Can you transfer your existing shares from IB into IB S&S ISA without selling them?
Thank you, timely info. One question The Gov £85000 financial protection. Does it cover the investments in an ISA? Would it freeze the value of the stocks at the time the ISA company demised? Does it keep the shares in my name so I get them rather than turned to cash? How is fraud covered (thinking FTX in the shares market).
I personally use Vanguard ISA to buy ETFs every year. The reason I prefer to pay the vanguard fee and not use a free platform like t212 is because I know Vanguard will still be here in 20 years when I retire, I am not sure about the other platforms. It’s a fee I pay for the peace of mind, I guess
@@connordarnbrough6284totally agree on all 3. I like Sasha much much more since the clickbait title days. He’s incredibly credible and always on the money but I ignored his vids for a long time because of that
@@connordarnbrough6284 Ramin (Pensioncraft) if you want to learn how stuff works. Pete (Meaningful Money) for people who need a more basic understanding.
Hi Sasha, that's been very helpful. Thank you. I have a question about transfers. Last year I opened shares ISA with IBKR. This year I'll put my whole allowance into T212. I have old cash ISAs from different providers which I want to transfer to last year's IBKR ISA. Is this acceptable?
Every year I put my 4k into AJBell LISA, which I then invest in their adventure portfolio stocks n shares. Does that mean I can open a T212 stocks n shares ISA right now and drop 16k into it?
Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic issues, and I'm uncertain about my $130K investment strategy with the possibility of not just a recession, but even a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
I don't understand why we pay duty stamp and FX fees inside the ISA, there should be an account linked to the ISA where we put money we use to pay those fees from outside the ISA so that we can maximise the 20k/year allowance to spend exclusively to buy Stock/Shares/Bonds.
Would definitely be good if all fees could come out of your current account by Direct Debit or something like that. The thing is though - for 99% of ISA users, they won't max the £20k per person allowance, so the point is kinda moot and I guess because so few people are affected, it's not a high priority item to fix for brokers.
Would you please give your advice for the profit of making an ISA account when you plan to retire abroad? Does it worth it ? You got to pay 25 percent of tax to move those ISa funds abroad according to HMrC ?Or an investing saving account is more preferred?
Love the clear description. What worries me about stocks and shares ISAs is the disclaimer about you might get back less than what you pay in. Is ut likely I will get more in a year than the 5% I can get from a cash ISA? People keep giving figures from 8% to 12% in one year. Where can I get true info about what people make? I want to possibly transfer a £20K ISA to a stocks and shares ISA in 2 weeks, then leave it running for a year, but also open a new cash ISA and pay in £20K on 6th April. That will go with another transfer I have just done.
This is allowed! You can open as many ISA as you like for the purpose of transferring old ones. You can also have ISAs running in parallel. You can only pay in £20K each tax year in total, so can pay £10K in to one and £5K in to two others depending on the provider.
That's for you to decide. The limit is on the guarantee only. It doesn't mean that you won't get any money/stocks back above the limit and in practice, unless there is gross misconduct (management steals your assets), they should be relatively easy to recover above the limit too. But at the end of the day, you need to decide for your peace of mind how you want to manage that risk.
I've got some questions. Wtf does any of that mean? 😅 I've just started, I'm only playing with about £50 atm just to get an idea of what I'm doing so i don't lose all my money. I just have etoro. What is an isa? Can i carry on with just etoro playing for now as long as i don't hit those capital gains tax thresholds?
Etoro just offers regular investing accounts. For a £50 sum, it won't matter much either way, but if you invest more, that money will be liable to capital gains tax. An ISA is a way to invest without ever having to pay capital gains or dividend tax on the money inside the ISA. Basically a "tax-free" investing account with a £20k per year investing allowance. Etoro don't do ISAs, so if you want to open one, you'll need to try one of the other options. 👍
Sasha huge fan of your work mate and really thankful for all the hard work you put in to your videos, can you please give me your honest opinion on NIO stock the Chinese ev Kind regards
Hi. I am new to this and would like to get an isa . I want to choose my own stocks tho eg. NVIDIA. Google. Tesla . Can I hand pick my own US stocks with trading 212
Hey Sasha, great video. Interactive Brokers is by far my preferred choice of broker. Love the app and the desktop platform and the selections of stocks and etf's is vast. Only thing that concerns me is the £3 per trade on UK stocks as I want UK dividend stocks in my portfolio. Is it really £3 per trade and do you know does it apply to ETF's purchased through London Stock Exchange as well?
Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges? Say for example £200/month put into stocks and shares isa and invested into a few index funds/ETFs. Which will incur the most charges? And is there a simple way of explaining how to work this out please just trying to wrap my head around it all. Thanks!
That's up to you - you don't have to move anything across. You can just keep your old ISA as it is and keep buying/selling things (or just holding things) in there even if you open a new ISA. The restriction (per financial year) is just on making deposits. 👍
Hey Sasha, great video as always, I have been using a Halifax S&S isa for the last 2 years putting in only a few hundred into VUAG & VWRP each month have noticed the fees are quite high, if I wanted to continue the same amount in the same index funds which platform would make sense? Not planning to touch the money for a good while I hope
@@pmatthews8132 Is there actually a fee to transfer, or are you thinking you must sell (incurring trading fee) in order to transfer?;If it's the latter, so long as the new provider accepts in-specie transfers and offers the same holdings you have, you can possibly move in-specie (the investments get transferred over and you're remaining in the market). Worth asking a suitable provider if it'll potentially save you on costs for the same investments.
Thanks for the great video Sasha. I use HL and hold both a S&S ISA and Junior S&S ISA and only ever invest via regular monthly investing in Vanguard funds (never one off trades) - I understand that by regular monthly investing by direct debit there are no transaction/trade fees, only an annual fee of 0.45%. Is this high compared to others and would you recommend switching to the Vanguard platform in the new tax year?
I have a S&S ISA with vanguard but have LISA with H&L due to vanguard not offering a LISA. I also went with HL for the junior ISA, as vanguard was asking for a minimum contribution of £100 per month. Now I feel like I may have made a mistake and fees will be eating into whatever profit made on the junior ISA. A video on best LISA and junior ISA would be fantastic.
@@alantrunks2908HL doesn't charge for JISAs - it's an excellent option for JISAs! Another big player - Fidelity - has no service fee if investing in funds within a JISA, so again is a great option.
Bollox. Open my 212 account a couple of weeks ago so I was ready for 6/4/24 turns out the promo code only works within in 10 days of opening....But atleast I've started my investing journey.
Hi Sasha, online advice including HMRC continues to be confusing. I've currently begain investing in one of your flagged brokers this tax year. Can i transfer my old stocks & shares ISA which is in a different broker, in to a new broker such as Trading 212? I think i can, but listening to your video suggests i could not add any new money in to this new account... but could continue to buy and sell within it post the transfer. Is that the case? And if so, can i continue to invest in the ISA i have started to fund this year's allowance in to? My current understanding is yes. Any view would be much appreciated.
The first YT'er who actually highlights the platform reputation/risk/backing! What is it with YT'ers (not you specifically) banging on about and making most of their content about platform costs (affiliate links obvs), seriously! H&L is the highest FX and platform cost of most platforms that include both index funds and stocks (3000+), but you know there's a human at the end of a message or phone, try sorting out issues with newer 'no fee/inexpensive' bot platforms. I dont think so! From 2024 tax year we can have multiple ISA shares platforms, so grab a VG platform for VG index funds and H&L (or similar reputation) for everything else. At least you have managed risk and there will be no surprise T&C changes, costs may even come down with the recent platform competition too, but forget costs, reputation and response is far more important, even over longer durations.
The only downside with Interactive Brokers which I find very annoying is that you have to wait 2 working days after you sold a stock before you can reuse the cash. No other brokers in the UK have this restriction.
Can i open for example: a Virgin Cash ISA and a Vanguard stock and Shares ISA in the same financial year and spread 20k between them. Thank you . I'm literally learning day by the day off this channel. Great source of financial education.
I use II, and in my opinion they're fine. I use their fee free regular investment option, and that gives you fee free trades for your ISA account. I do not trade frequently, once a month is usually enough for me, and currently I've got three or four regular trades on my ISA account, and two or three on my Trading account. That's enough for me, but I don't know if there is a limit but I haven't the spare cash to find out.
You're paying at least £5 a month or a lot more if you want free trades included. FX fee is 1.5% which is eye-wateringly expensive. Interactive Investor is significantly more expensive than the leading products which is why it made it nowhere near the leaderboard.
hey Sasha, if I heard you correctly you said there's no fee's with trading 212 if you buy UK stocks, does that include no stamp duty or do you still have to pay that ?
Sorry what? 1% FX fee if you're buying non-UK stocks. PLUS annual management fees, plus share dealing. If you're happy with it, great. But it's definitely not competitive in terms of the product.
Please correct me if I’m wrong, but I was under the impression that with hl you can buy a selection of etfs via monthly direct debit and avoid any transaction fees. In addition, if your portfolio is 100% etfs the 0.45% platform fee is capped at £45 per year.
Exactly what attracted me to them in the first place. It's much cheaper in this one scenario which is what 99% of investors should be doing. Only have to watch out you pick the correct one as HL heavily promote more expensive etf tracker funds through regular investing (E.g. UBS S&P funds) but don't tell you they don't cap the charge on them so it reverts back to 0.45%
Hey thanks for the vid, I just used your sign up link for 212. Is there a minimum to deposit to qualify for the free share? And also is it a case of the more someone deposits the better / higher the free share value would be?
Hi Sasha, great content as always. What are your thoughts on Lifetime Stocks and Shares ISA's. I'm and 18 year old accountant able to max the £4000 for the £1000 gov bonus. Provided the fees and investment options are inline with the ISA's youve talked about, is it worth?
More details needed, what would you be using the money for? House? Retirement? When do you want the money? Where in the country are you? The £450k purchase limit means the LISA is problematic already in London and that will spread across the country every year prices go up but the limit doesn't. General advice is to not invest with money you want in less than 5 years.
@@Gemok1980 Hi mate, born in Wimbledon, moved to Surrey for my childhood and am currently in Hampshire. Plan to use the lifetime ISA to purchase a 2-3 bedroom home in Hampshire which vary between £200K-£400k depending where, within the next 10 years. My cost of living is around a third of my income as I live with parents and I am able to max the £4000 per year and have another available £8000 a year give or take to invest. Will hopefully get to the 20k ISA limit per year in a couple years, I am wondering whats the best position before I reach the £20k ISA limit. As I plan to purchase a property within 5-10 years thats likely under the 450k limit i feel like the lifetime ISA is the better choice, especially since ive found a few providers that offer indexes stocks and bonds. Love to hear yor thoughts hopefully I've cleared a few things up.
I have an account in Fidelity and I have opened a new account in Trading212 can I stop depositing in Fiedlity and start investing in trading212 or do I need to close fidelity account?
Thanks Sasha, great channel, I understand if you move out of the UK abroad you cannot keep a S&S ISA, is this correct or is it just that you cannot deposit in to it any longer? If the latter would automatic reinvestment of dividends in to the same stocks / ISA be considered as a new deposit and therefore be banned please?
It can remain open. You can also transfer it to another provider. However, you cannot make any new subscription (ie. pay in) "after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner)." You must also tell the ISA provider asap that you are no longer UK resident. Reinvestment of dividends is not you making new deposits and is fine. If reinvestment of dividends counted as new deposits, we could never use the allowance by investing £20k - the dividends would continually take us beyond £20k.
I’m on freetrade and can’t get away as I’m on red and can’t sell at a loss and trading 212 accepts only cash transfer.Do you know if in the future trading 212 is going to accept shares transfer?
I don’t know how but you’ve managed to package an unbiased analysis. Stocks have stayed aloft as signs of cooler inflation I believe the Fed is finally done with raising rates, that means “Santa has come early” to the markets. What are the best additions to a $500K portfolio to boost performance?
I recommend you seek the guidance of a financial advisor, Who will advise you buy stocks to purchase.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80,000, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550,000.
think you could suggest any professional/advisors i can get on the phone with?
Vivian Jean Wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.
I have made a lot of money during the last 6 years, mostly with tech stocks. This year alone i've made over $250k in profits from the first 2 quarters 2024. The lesson I've learned is to focus on what I believe to be good investments and to do completely the opposite of what the noise is saying. I'm 100% invested long.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I'm looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Great timing and thanks for this video as I'm just starting to move my (underwhelming and actively managed - doh) investments over to join my existing Vanguard funds.
I am not clever, and I am not going to beat everyone else with some complex strategy that's been pulled out of my arse (or anyone else's for that matter!) - That's what I learned from this channel! :)
Glad that you’re finding the channel helpful! Thanks for the support and good lick with the transfer. I have a funny feeling you will be breathing a sigh of relief when it’s done. 👍
Good man for being upfront with your associations 👌 you have developed your channel considerably. It’s wonderful to watch how it has grown.
Just to add. From April 2024 I believe there might be a change where you are allowed to pay into more than 1 stocks & shares ISA in a tax year.
Let's hope!
Yes, let's hope this sticks. This is the most obvious ISA change that's been long overdue. If implemented, it'll really start driving competition up, and fees down.
This is correct
Yes indeed, looking forward to this.
Hopefully there will be some good offers come April like extra cash or free shares so can use an ISA for fun money.
There's more to it than just these fees. There's also the bid offer spread you are offered when purchasing and selling. One platform may be free to trade whilst another may incur a charge, but that doesn't mean the price you pay for the ETF or stock is the same on both platforms. It's possible that free trading costs may be recouped by a larger bid offer spread on the platform. Traditionally, the bigger the broker, the narrower the bid offer spread.
Exactly. Well said
There is also the question of how competent the platform is and how easy is it to talk to someone to get it sorted? IB would be bottom of the list there. Besides, Sasha hasn't looked at fees fully e.g. regular investing and capped custody charge.
@@jam99Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
Say for example £200/month put into stocks and shares isa and invested into 1-2 index funds.
And is there a simple way of explaining how to work this out please, just trying to wrap my head around it all before I make the choice. Thanks!
How would bigger bid, offer spreads benefit the platforn. You can purchase Vanguard etfs on their own platform without dealing costs, just not in real time. The same applies to investengine, no dealing costs but you can't buy in real time, but deals go thru just like when buying, selling normal funds.
I was going to ask for this video! I never saw it coming 👍🏼👍🏼👍🏼
Hope you find it useful!
I would be very interested to see a video of what happens if a broker goes bankrupt. Everyone knows that we are covered up to 85k but what happens to the rest of the money in an ISA and what happens to the money in a GIA and what difference does it make between holding stocks vs having cash in that account when over the 85k limit. Good videos as usual :)
And also what happens to the fund? I.e. if Vanguard went bust…
I had this happen to me and the part no one mentions is the time it takes to sort out. It took about a year to get access to my shares again, and the FCA moved them to a broker who was so incompetent that accessing them probably took the same again. I have no idea how much money I might have lost not being able to sell during that. I'm happy to pay high HL fees now to avoid that kind of hassle again
@@claonaite which broker?
@@Anon-nv7bp SVS Securities. I got notified on the 24/Aug/2019 that they had gone into special administration, and my funds were transferred to ITI Captial on the 13/July/2020. I had lots of problems with them getting an account set up and being able to do anything with it, and these were never resolved. In July 2022 they decided to exit the UK so I transferred to HL, and that took until October 2022 to sort out. HL were fantastic, but ITI were incompetent. I think they really overreached themself when they took on the SVS business, and they just couldn't cope. I'm done with "cheap" brokers. They are cheap for a reason. If I had needed that money at any point between Aug 2019 and Oct 2022, or if I wanted to sell any shares, I couldn't have.
Thanks Sasha. Could please do 2 further videos, one for best LISA providers and one for best SIPP providers?
Yes please
I use plum for most of my investing. Including s&s isa. Interest accounts and bonds account
Another good video from Sasha, would you do a similar video for a SIPP😊
Unfortunately there really aren't any good options available for SIPP which is incredibly frustrating. I'm hoping this changes in the next year.
Good one Sasha.... love your approach. Keep 'em coming. Cheers :)
👍
Note that you can also transfer ISAs to other companies. So, if you make a mistake, you are not stuck forever with an expensive company. Usually the transfer requires that you've sold the shares already.
Some companies also allow you to borrow from your £20k temporarily as if it's a cash savings-account, and you can return that money before the end of the financial year.
So if someone makes a mistake like this, should they make a transfer or they can sell the shares and can withdraw money to their bank account and then deposit into the desired one? Is there any penalty for not doing it the right way, and what even is the right way?
@@joannalis-kumar4627 Sell all the shares inside the old ISA, you'll now have £20k cash in the old ISA. Then start the process of transferring that ISA to another company.
Absolutely do not withdraw from the old ISA, it will complicate things. If the old ISA was created in this financial-year, it might be fine. But if the ISA was created a long time ago, you now have a dud with a new max-£1 ISA instead of a max-£20k ISA.
Brilliant video, thanks. I have a question regarding what you mentioned about opening up one ISA account per year; is this limitation just because of the £20K contribution threshold per year? surely I would be able to open up another ISA account with say IBKR but currently have an ISA with II (for years) with £10K still available in this FY?
I’m completely new to this so forgive me for the daft question but what is the best stocks and shares isa for dividends ?
Sasha is one of the few people on youtube with integrity.
Thank you so much - doing my best!
Thanks for the video. If we use an ISA account, do we need to send any info or reports (monthly/yearly) to HMRC or other government institutions?
No, you do not.
Thanks so much. I am starting my investment journey very late in life and find it all so confusing. Thanks for shedding some light on this subject. 💲🥂👏🏻
Id love to learn more as an absolute beginner if you more vids on this
I will be doing more and I am actually right now working on a course too :)))
@@SashaYanshin I look forward to it, feels like I could get into it with decent guidance
What are the best options for Day Trading the US Market in a stock and shares ISA? with a platform that caters for before and after hours trading, Hot keys and level 2 data?
thanks Sasha 🙏extremely helpful
👍
I dont live in uk but i love his videos... Informative and funny 👍
This one in particular must have been pretty dull if you're not based in the UK! :))))
Great video Sasha, all the best man!
Thank you!!
Thanks for this. It would be good for you to briefly cover the process of swapping ISA providers.. is it simple? do you have to liquidate your entire portfolio if swapping from HL to T212 for example or if all same holdings offered by T212 can you just swap the portfolio and holdings over directly?
T212 do not offer in-specie transfers in, only offer cash transfers in. So you would have to sell, incur any costs and be out of the market.
Great video. Thanks a million, but you said "...if you want to invest in UK stocks or European stocks, because I know there are going to be some people who like self inflicting pain..." You HAVE TO explain what you mean by that - please?
Great video, thank you! I'm curious, if I were to relocate indefinitely to another country, would I still be able to keep my ISA account open and allow my investments to grow tax-free? Perhaps not making further deposits, but simply leaving the funds already invested to be withdrawn at a later time.
Which junior stock and shares ISA would you choose, for investing in global market etf such as FTSE all world or MSCI ACWI?
Great video Sasha. Thanks!
Thanks for watching!
Hello, thanks for the video as usual very informative. Quick question: Whats your tought & Simple Explanation about recent change on interactive brokers (It is just migration to uk accounts) or? Bellow migration info:
Currently, your Investment ISA and/or Junior Investment ISA(s) (“ISA Accounts”) are serviced by both Interactive Brokers (U.K.) Limited (“IBUK”) and Interactive Brokers LLC (“IBLLC”), a US broker-dealer. IBLLC provides you with execution, clearing and custody services for various products, including ISA Accounts (the “IBLLC services”). In March 2024, we will begin providing execution, clearing and custody services for ISA Accounts exclusively via IBUK.
These sorts of changes happen relatively frequently - they are changing their legal structures/potentially this is regulator-induced or whatnot.
Doesn't really affect anything in terms of your fees or account though - just legalese.
Thank you Sasha! Very informative! Very happy to use your link as well as I like very much your transparency comparing with some other guys out there, so very glad came across this channel.
Ps. Q: Can I open new ISA acc for New year with new provider or do I have to move money from existing provider to New? Thanks a lot!
Thanks for watching an the kind words!
You can open a new ISA from 6 April (new financial year) and you can choose what to do with your old one. You are allowed to keep it and buy/sell/reinvest the money already in there.
But if you open a new one and start paying into that, you just can't add any more money to the old one.
You can also choose to move it across if you wish - that's really up to you!
Great video! Thanks you. If we open stock ISA with suppose interactive investor with 20, 000 this financial year can we invest another 20,000 next year which will be tax free? Or do we have to open a new account?
Hi, great videos!! Can I check if we click on the link for the trading 212, you will be eligible for up to £100 for a share and the 1% cashback before the end of the 2023/24 tax year?
Thanks Sasha great content as always! can I transfer my ISA in Freetrade to Interactive? just will be easier for me to manage everything in one place.
You can, but you don't have to. You can keep the old one running if you don't want to move it. If you do move, it can take a little bit of time and Freetrade will charge you fees (think it's £17 per position for US stocks), but might be cheaper than paying the monthly fees.
is there a zero risk tool ( like saving account ) that we can purchase in interactive brokers? doesn't matter if it has low interest rate
Not sure if any of the other brokers offer it, but the interest that 212 pays on uninvested funds is nice too
IBKR gives 4.83% atm
Lightyear pays interest on uninvested funds.
@@InfectedByEli My guess is they've all started paying interest on cash holdings. II started about a year ago (actually November '22 ).
Trading 212 is 5%
Hi Sasha - new subscriber (and total newb) here, wondered - is it too late or or even too early (March 2024) to open a Stocks and Shares ISA with the tax year starting next month? Wondered what your thoughts were
Excellent points Sasha. Now that the Q4 results of Tesla is out, we are eager to hear your thoughts on the data.
Great video as always! What’s your current opinion on Moneybox? I currently use for both S&S and personal pension but wondering if I should move ISA to another provider?
Staying or moving is really up to you.
Moneybox is pretty expensive though and have a limited offering.
0.45% FX is already very pricey, but there's the 0.45% platform fee on top as well as the £1 per month - it all adds up.
Is it possible to invest in multiple ISA's of the same type from Apr 24? Assumimg the combined allowance is not breached
Not fully confirmed yet, but if it does happen, that'll be amazing for customers.
Thanks for your video. I’ve just put 10k into an RBS isa for two years, also just started a SIPP with vanguard. I’d like to put say £20 a month into a stocks and shares isa over five years, can I ask your thoughts if you were in my position what would you do? Thanks.
What about if you have maxed out your isa? Are the same funds the best option albeit outside of an isa?
Hi Sasha, great video as always.
If you transfer to a different ISA provider mid way through the year, can you still only pay into the 1 (original) ISA? Cheers!
Good question! You can transfer mid year but the rules are you have to transfer everything you invested in that year across. With stocks it can be complex if you have prior years and you don’t want to transfer those. Many brokers will ask if you already paid into the same type of ISA when you sign up and not let you open an account if you did - presumably don’t want to deal with the process.
I think it's Interesting to learn how things work in the UK although I don't live there. Any adult does what they want with their money limited to what is available and knowledge. Nice video
This video is definitely not at all useful for people living outside the UK, but thanks for watching!
very good ,informative, and straight to the point video.
🙏 Thank you!
@@SashaYanshin Got my attention too sasha... very very good...
Great video, thank you Sasha! Just wanted to ask, what are your thoughts on Stocks and Shares LISAs? Specifically with regards to any advice which provider to go to or how to decide? and Using S&S LISA vs Cash LISA? Thanks :)
@SashaYanshin Another very well explanatory piece of information, well done kind sir!
Q: Can you transfer your existing shares from IB into IB S&S ISA without selling them?
Thank you, timely info.
One question
The Gov £85000 financial protection. Does it cover the investments in an ISA? Would it freeze the value of the stocks at the time the ISA company demised? Does it keep the shares in my name so I get them rather than turned to cash? How is fraud covered (thinking FTX in the shares market).
I personally use Vanguard ISA to buy ETFs every year. The reason I prefer to pay the vanguard fee and not use a free platform like t212 is because I know Vanguard will still be here in 20 years when I retire, I am not sure about the other platforms. It’s a fee I pay for the peace of mind, I guess
Ibrk is bigger than vanguard and massively cheaper. U overspending for similar safety
@@gf5050 what is ibrk?
@@gf5050 vanguard is way bigger than ibrk, just look at the assets…. It’s not even the same world
Great video, you are one of the top 5 finance youtube guys, keep up the great work
Really appreciate the flattering comment!
I agree, but i'm curious as to who else you think is top 5? i really like Damien talks money and Toby Newbatt...
@@connordarnbrough6284totally agree on all 3. I like Sasha much much more since the clickbait title days. He’s incredibly credible and always on the money but I ignored his vids for a long time because of that
@@connordarnbrough6284 Ramin (Pensioncraft) if you want to learn how stuff works. Pete (Meaningful Money) for people who need a more basic understanding.
What an honest man ❤
Hi Sasha, that's been very helpful. Thank you. I have a question about transfers. Last year I opened shares ISA with IBKR. This year I'll put my whole allowance into T212. I have old cash ISAs from different providers which I want to transfer to last year's IBKR ISA. Is this acceptable?
Every year I put my 4k into AJBell LISA, which I then invest in their adventure portfolio stocks n shares. Does that mean I can open a T212 stocks n shares ISA right now and drop 16k into it?
Yes as long as you haven't contributed to any other ISAs. Total contributions across all types of ISA cannot exceed £20k.
Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic issues, and I'm uncertain about my $130K investment strategy with the possibility of not just a recession, but even a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Her name is Bonita Jeanette Rodriguez. You can easily find her information to arrange an appointment.
Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.
I don't understand why we pay duty stamp and FX fees inside the ISA, there should be an account linked to the ISA where we put money we use to pay those fees from outside the ISA so that we can maximise the 20k/year allowance to spend exclusively to buy Stock/Shares/Bonds.
Would definitely be good if all fees could come out of your current account by Direct Debit or something like that.
The thing is though - for 99% of ISA users, they won't max the £20k per person allowance, so the point is kinda moot and I guess because so few people are affected, it's not a high priority item to fix for brokers.
Would you please give your advice for the profit of making an ISA account when you plan to retire abroad? Does it worth it ? You got to pay 25 percent of tax to move those ISa funds abroad according to HMrC ?Or an investing saving account is more preferred?
Love the clear description. What worries me about stocks and shares ISAs is the disclaimer about you might get back less than what you pay in.
Is ut likely I will get more in a year than the 5% I can get from a cash ISA?
People keep giving figures from 8% to 12% in one year.
Where can I get true info about what people make?
I want to possibly transfer a £20K ISA to a stocks and shares ISA in 2 weeks, then leave it running for a year, but also open a new cash ISA and pay in £20K on 6th April. That will go with another transfer I have just done.
This is allowed! You can open as many ISA as you like for the purpose of transferring old ones. You can also have ISAs running in parallel. You can only pay in £20K each tax year in total, so can pay £10K in to one and £5K in to two others depending on the provider.
Hi Sasha. Which is the best stock broker for in-species transfers? Does Interactive brokers or Trading 212 offer this service ?
the rules changed u can pay into multiple stocks and shares IsA now in the same financial year. if you can get the details on that that would be great
Fantastic video. Can you make the same video for junior ISAs please. Maybe one for junior SIPP please
So, with the current changes in ISA rules, can we open i.e. Stock and Shares ISA and LISA and pay into both in the same year? 🤔
was very helpful
Thank you
Hi Hi Sasha why is 212 make you pay more for your shares when they have not even reached the the price of the share ?
Thx for your video. Would you need to open a new isa with a different company when your current one reaches 85k as it wouldn’t then be protected? Thx!
That's for you to decide. The limit is on the guarantee only. It doesn't mean that you won't get any money/stocks back above the limit and in practice, unless there is gross misconduct (management steals your assets), they should be relatively easy to recover above the limit too.
But at the end of the day, you need to decide for your peace of mind how you want to manage that risk.
Thoughts on Monzo and their stocks and shares Isa?
Very expensive and a choice of 3 proprietary funds with no other option - a complete waste of space in my opinion.
This is brilliant info. Thank you
There you go!
I've got some questions. Wtf does any of that mean? 😅 I've just started, I'm only playing with about £50 atm just to get an idea of what I'm doing so i don't lose all my money. I just have etoro. What is an isa? Can i carry on with just etoro playing for now as long as i don't hit those capital gains tax thresholds?
Etoro just offers regular investing accounts. For a £50 sum, it won't matter much either way, but if you invest more, that money will be liable to capital gains tax.
An ISA is a way to invest without ever having to pay capital gains or dividend tax on the money inside the ISA. Basically a "tax-free" investing account with a £20k per year investing allowance.
Etoro don't do ISAs, so if you want to open one, you'll need to try one of the other options. 👍
Sasha huge fan of your work mate and really thankful for all the hard work you put in to your videos, can you please give me your honest opinion on NIO stock the Chinese ev
Kind regards
Not gonna go into any depth, but I frankly never understood why that stock was so popular with retail investors.
Thanks Sasha I didnt know we can still buy and sell stocks from other isa ! even if we dont contribute to it within Tax year good info
Hi. I am new to this and would like to get an isa . I want to choose my own stocks tho eg. NVIDIA. Google. Tesla . Can I hand pick my own US stocks with trading 212
Hey Sasha, great video. Interactive Brokers is by far my preferred choice of broker. Love the app and the desktop platform and the selections of stocks and etf's is vast. Only thing that concerns me is the £3 per trade on UK stocks as I want UK dividend stocks in my portfolio. Is it really £3 per trade and do you know does it apply to ETF's purchased through London Stock Exchange as well?
Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
Say for example £200/month put into stocks and shares isa and invested into a few index funds/ETFs.
Which will incur the most charges?
And is there a simple way of explaining how to work this out please just trying to wrap my head around it all. Thanks!
Thank you! Super informative! :)
🙏
What is your opinion of AJ Bell?
What is the recommendation for how to move investment from one ISA to another?
That's up to you - you don't have to move anything across. You can just keep your old ISA as it is and keep buying/selling things (or just holding things) in there even if you open a new ISA. The restriction (per financial year) is just on making deposits. 👍
Hey Sasha, great video as always, I have been using a Halifax S&S isa for the last 2 years putting in only a few hundred into VUAG & VWRP each month have noticed the fees are quite high, if I wanted to continue the same amount in the same index funds which platform would make sense? Not planning to touch the money for a good while I hope
I’m also nervous about the fees to transfer from Halifax to another but seems now would be a good time before April
@@pmatthews8132 Is there actually a fee to transfer, or are you thinking you must sell (incurring trading fee) in order to transfer?;If it's the latter, so long as the new provider accepts in-specie transfers and offers the same holdings you have, you can possibly move in-specie (the investments get transferred over and you're remaining in the market). Worth asking a suitable provider if it'll potentially save you on costs for the same investments.
Use trading 212
Hi Sasha, can you please make an updated Tesla stock video?
Thanks for the great video Sasha. I use HL and hold both a S&S ISA and Junior S&S ISA and only ever invest via regular monthly investing in Vanguard funds (never one off trades) - I understand that by regular monthly investing by direct debit there are no transaction/trade fees, only an annual fee of 0.45%. Is this high compared to others and would you recommend switching to the Vanguard platform in the new tax year?
I have a S&S ISA with vanguard but have LISA with H&L due to vanguard not offering a LISA. I also went with HL for the junior ISA, as vanguard was asking for a minimum contribution of £100 per month.
Now I feel like I may have made a mistake and fees will be eating into whatever profit made on the junior ISA.
A video on best LISA and junior ISA would be fantastic.
@@alantrunks2908HL doesn't charge for JISAs - it's an excellent option for JISAs! Another big player - Fidelity - has no service fee if investing in funds within a JISA, so again is a great option.
Great info. Will your links last until the new tax year? Already up to the cash isa limit.
yep, unless they suddenly change their offers. 👍
Bollox. Open my 212 account a couple of weeks ago so I was ready for 6/4/24 turns out the promo code only works within in 10 days of opening....But atleast I've started my investing journey.
Hi Sasha, online advice including HMRC continues to be confusing. I've currently begain investing in one of your flagged brokers this tax year.
Can i transfer my old stocks & shares ISA which is in a different broker, in to a new broker such as Trading 212? I think i can, but listening to your video suggests i could not add any new money in to this new account... but could continue to buy and sell within it post the transfer. Is that the case? And if so, can i continue to invest in the ISA i have started to fund this year's allowance in to? My current understanding is yes.
Any view would be much appreciated.
The first YT'er who actually highlights the platform reputation/risk/backing! What is it with YT'ers (not you specifically) banging on about and making most of their content about platform costs (affiliate links obvs), seriously! H&L is the highest FX and platform cost of most platforms that include both index funds and stocks (3000+), but you know there's a human at the end of a message or phone, try sorting out issues with newer 'no fee/inexpensive' bot platforms. I dont think so!
From 2024 tax year we can have multiple ISA shares platforms, so grab a VG platform for VG index funds and H&L (or similar reputation) for everything else. At least you have managed risk and there will be no surprise T&C changes, costs may even come down with the recent platform competition too, but forget costs, reputation and response is far more important, even over longer durations.
The only downside with Interactive Brokers which I find very annoying is that you have to wait 2 working days after you sold a stock before you can reuse the cash. No other brokers in the UK have this restriction.
Can i open for example: a Virgin Cash ISA and a Vanguard stock and Shares ISA in the same financial year and spread 20k between them. Thank you . I'm literally learning day by the day off this channel. Great source of financial education.
Yes, you can. You are just not allowed to pay into multiple ISAs of the same type in a tax year, such as 2 S&S ISAs.
You are actually going to be allowed to invest into multiple stocks & shares isa’s in the same tax year up to the 20k limit.
Hi sasha is Fundsmiths still a steady investment?
Perfect timing! Been looking for a specifc ISA and which provider to use! Thank you :)
Well there you go!
How does Interactive Investor compare with the 4 reviewed in the video?
I use II, and in my opinion they're fine. I use their fee free regular investment option, and that gives you fee free trades for your ISA account. I do not trade frequently, once a month is usually enough for me, and currently I've got three or four regular trades on my ISA account, and two or three on my Trading account. That's enough for me, but I don't know if there is a limit but I haven't the spare cash to find out.
You're paying at least £5 a month or a lot more if you want free trades included. FX fee is 1.5% which is eye-wateringly expensive.
Interactive Investor is significantly more expensive than the leading products which is why it made it nowhere near the leaderboard.
Thank you Sasha
hey Sasha, if I heard you correctly you said there's no fee's with trading 212 if you buy UK stocks, does that include no stamp duty or do you still have to pay that ?
Still pay stamp duty
HL is actually extremely cheap if you have a large portfolio and invest monthly into ETFs and shares. It’s max £3 or so and service is best is class.
Facts !
Sorry what? 1% FX fee if you're buying non-UK stocks. PLUS annual management fees, plus share dealing.
If you're happy with it, great. But it's definitely not competitive in terms of the product.
Please correct me if I’m wrong, but I was under the impression that with hl you can buy a selection of etfs via monthly direct debit and avoid any transaction fees. In addition, if your portfolio is 100% etfs the 0.45% platform fee is capped at £45 per year.
Exactly what attracted me to them in the first place. It's much cheaper in this one scenario which is what 99% of investors should be doing. Only have to watch out you pick the correct one as HL heavily promote more expensive etf tracker funds through regular investing (E.g. UBS S&P funds) but don't tell you they don't cap the charge on them so it reverts back to 0.45%
@@SpencerPearson Both of you don't mention who your talking about! 😆
@@rfxtuber sorry, we were abbreviating Hargreaves Lansdowne to HL. :)
@@SpencerPearson Not in this thread you wasn't no abbreviation mentioned?... lol, read both of your posts again...
You avoid transaction fees of £12 with HL even if you don’t have a direct debit and are buying index funds.
Hey thanks for the vid, I just used your sign up link for 212. Is there a minimum to deposit to qualify for the free share? And also is it a case of the more someone deposits the better / higher the free share value would be?
Sasha, great info. I wonder if you tell us if any of theses offer the "flexi" ISA feature or ISA flexibility, whatever it is called. Rgds
Vanguard is flexible, according to their website. This should be answerable on their websites or by customer service.
Hi Sasha, great content as always.
What are your thoughts on Lifetime Stocks and Shares ISA's. I'm and 18 year old accountant able to max the £4000 for the £1000 gov bonus. Provided the fees and investment options are inline with the ISA's youve talked about, is it worth?
More details needed, what would you be using the money for? House? Retirement? When do you want the money? Where in the country are you?
The £450k purchase limit means the LISA is problematic already in London and that will spread across the country every year prices go up but the limit doesn't.
General advice is to not invest with money you want in less than 5 years.
@@Gemok1980 Hi mate, born in Wimbledon, moved to Surrey for my childhood and am currently in Hampshire. Plan to use the lifetime ISA to purchase a 2-3 bedroom home in Hampshire which vary between £200K-£400k depending where, within the next 10 years. My cost of living is around a third of my income as I live with parents and I am able to max the £4000 per year and have another available £8000 a year give or take to invest. Will hopefully get to the 20k ISA limit per year in a couple years, I am wondering whats the best position before I reach the £20k ISA limit. As I plan to purchase a property within 5-10 years thats likely under the 450k limit i feel like the lifetime ISA is the better choice, especially since ive found a few providers that offer indexes stocks and bonds. Love to hear yor thoughts hopefully I've cleared a few things up.
You can buy limited shares in your isa with DODL, which is say AJ BELL's budget company, im looking at this in more detail
Monthly fees based on amount invested + very expensive FX fees which is why it was not in the list.
Sasha has made a good video!
Thank you!
Are we able to sell shares from one ISA while contributing into a second ISA during the same tax year? Does selling also activate these accounts?
How do we check if trading 212, Vangard and hsbc stocks is using the same sip and fscs
I have an account in Fidelity and I have opened a new account in Trading212 can I stop depositing in Fiedlity and start investing in trading212 or do I need to close fidelity account?
I have a degiro account… I’m living in the UK but planning to return to Portugal in about a year. Any thoughts on that?
Thanks Sasha, great channel, I understand if you move out of the UK abroad you cannot keep a S&S ISA, is this correct or is it just that you cannot deposit in to it any longer? If the latter would automatic reinvestment of dividends in to the same stocks / ISA be considered as a new deposit and therefore be banned please?
It can remain open. You can also transfer it to another provider.
However, you cannot make any new subscription (ie. pay in) "after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner)."
You must also tell the ISA provider asap that you are no longer UK resident.
Reinvestment of dividends is not you making new deposits and is fine. If reinvestment of dividends counted as new deposits, we could never use the allowance by investing £20k - the dividends would continually take us beyond £20k.
thanks Sasha
I’m on freetrade and can’t get away as I’m on red and can’t sell at a loss and trading 212 accepts only cash transfer.Do you know if in the future trading 212 is going to accept shares transfer?