Hi Damian Will I be able to transfer funds from my cash ISA to stock & shares ISA? Plan is to close existing cash ISA and to open a stock & shares ISA? Thanks
@@DamienTalksMoney Hi Damien, I have a Aviva Investors UK Listed Equity Unconstrained Fund Class 1 and wanted to know if this is any good or should i move this to an HL or Vanguard stocks & shares ISA? If you reply then thank you
Hey damien I just started watching your vidoes and I have to say they are great because they make financial topics like ISA's, asset classes and investing really clear and concise for me as a young 15 year old who is interested in finance and business as I am teaching myself how real estate works and now I can understand how investing works and the accounts to use, just brilliant job mate thumbs up!
Damien I've just found your channel and love it, I do have a question. I have had an account with money box in which I used a stocks and shares ISA however would you recommend stop using them and pick someone like vanguard ? I primarily just want to focus investing in the s&p 500. Which investment would you recommend vanguard, invest engine, trading 212 ? I just want to get my ducks in a line 🦆😂 TIA.
Not ashamed to admit I think I'm your new biggest fan! My friend recommended your videos to me and this is exactly what I've wanted to do with my savings for years but had no idea where to start!!! I wish I'd have started ten years ago but excited to get a pot started for my son who's 18 months old! Thank you so much, its actually life changing!! I've barely even watched anything on youtube before, let alone subscribed to anything. If I could invest in you, I would! Also, very much appreciate how much time that little farmer sketch must've taken LOL!
This is just the best comment. Thank you so much mate! Your son is very lucky. I started tucking away 30 per month for my son at a similar age he is now 7. He already has thousands in investments, by the time he turns 21 i imagine i will be able to put a very big deposit down on a house for him. Check out the junior ISAs and then you can have your own ISA for your own investing. You son is lucky to have you thinking about him so young! Message me if you need any help with anything. Damo
Thanks for making a clear and easy to understand guide to ISAs! So much more straightforward than other videos- I understood and actually enjoyed watching it!!
Only Found your channel last week, but spent my free time binge watching! Wish I’d had this 20 years ago when I was 20! Though be a little weird as you properly been in nappies 😆 informative, fun and genuine. Being your authentic self really shines. Thank you.
TH-cam put your comment as Spam... only just realised that was a thing and found a load hidden in here... thanks for the comment as always. I hope it generates you some views as you intend. no one is quicker to comment on a new upload than CJ. i see you everywhere.
@@TradingWithCJ yeah I spend 5 hours a day watching videos of people talking about stuff I know already. just love the finance content like yourself. Your channel is doing well lad! I am all up in your socialblade haha ...you seem to get a solid amount of views per video and your subs are taking ofd. So your defo doing something right. I reakon your comment stratergy is a part of this.
Just found you (I mean your videos ;)) and have been binge watching your videos. Im a late bloomer to Investing in ISA Stocks & Shares (better late than never) but have been a faithful Cash ISA contributer. Just joined Vanguard last year (this pandermic has shifted some priorities). Great content Damien. Keep them rolling in please. God bless.
Makes a change not listening to an 80 year old monotone veteran. Love the vids. It would be good to hear of other ways to save for a house other than a lifetime isa as I wouldn't qualify if I wanted to buy a house as I already have a buy to let.
We are so lucky to have ISA’s in the U.K. many countries are not so lucky, even if they have tax efficient wrappers, their allowances can be much lower than ours. I’ve always found it baffling therefore why people do not take advantages of ISA’s. Each year you have £20,000 that you can invest and all gains are tax free. Its a brilliant way of securing your future, and people should try their best to take advantage of them.
Martin Lewis warned people off Cash ISAs a while back, as interest rates were so low, which as he doesn't know or advise on S and S may have put a lot off the whole ISA scenario..
Brilliant video! I've subscribed And will now open a stocks and shares ISA with Vanguard and a Lifetime ISA with HL, as well as a Junior ISA for my child. All this time I was just saving money into a bank account the old school way watching it lose value One thing though - did you forget to include a link in the description for the amazing article on lifetime ISAs you mention in the video?
Hello! Yes I probably did forget to include the link! Thanks for the heads up. This was my first video.. i was all over the place haha I will dig it out and let you know! Damo
@@DamienTalksMoney Cheers Damo. Could you also do a video on Hargreaves Lansdown Lifetime ISAs? Their costs are really confusing, and the benefits of ETFs vs funds on their platform is hard to understand for a beginner. Seems like a different beast to Vanguard stocks & shares
Hi Damien, as has already been said. Your explanations have given me so much clarity on ISA’s. Just what I needed. And thanks to your other more recent videos, pointed me to here. You definitely sold it to me re which ISA’s in other Vids! Keep up the great work! 👍 :)
Damien rlly out here making stop motion animation to explain investing? that's time commitment. you deserve alot more attention to ur vids and channel. all I can say is keep it up and success if defo coming ur way d dog
The recognition from yourself around how long it takes makes it all worth it mate! I don't want to release content where it's just me waffling at the camera for 20 mins. So I'll make sure to keep the stop motion coming, as I have not done it in a while! Cheers for all the support Henry lad! Really appreciated Damo
Wicked video explaining what all the different ISA accounts mean! One question I have is, with the LISA can you buy a buy to let property or must it be a house to live in?
The best video on TH-cam about ISA, thanks Damien! I have a question about LISA, previously I already opened a help to buy ISA and bought my first house, now can I open a LISA or do I have to go back to my previous bank to start putting in money again? Who can I open a LISA with? Many thanks!
Great videos and cracking content, love your ability to add a bit of comedy too. After watching your videos I'm seriously wanting to invest. I've been looking into this for some weeks now. Via your videos and some others on TH-cam, plus reading articles online. Opening an account with a lump of £500 or £100pm, does the pm payment come out as a direct debit or is it up to the account holder to add, as and when they want? You did mention in one video that once you have paid in, you can buy in lower amounts. Thanks.
Hi Andrew! Thanks so much for your lovely feedback on my content. You can set up a monthly direct debit or just top up as and when you want to. It is completely up to you and there is lots of flexibility. I have had months where I have not topped up at all. I hope that helps? Thanks Damo
@@DamienTalksMoney absolutely, it helps, as is with life, some weeks/months are more expensive than others and money needs to go in different directions. I'm not far off a pay rise and overtime is frequent where I am. Thus I'll have a bit more to put aside. Spent a few days last week chasing up old workplace pensions so I can have them all in one pot. Admittedly, for too many years I've not been exactly money savvy, however time are changing for the better. Cheers Damo. 🍻
Finally a simple financial video!! So I have a 2 year fixed cash ISA that im paying into this year and has £10k in it, and a help to buy ISA from last year that I haven't paid into this year. Can I open a stocks and shares ISA with Vanguard this year (like sign up tomorrow) and pay into both ISAs?
Hi! Thanks for leaving a comment! You can have 1 type of each ISA that you pay into each financial year. So by the sounds of it you are all good to have a stocks and shares! You can pay into your stocks and shares, help to buy and cash ISA all in the same year. You just can’t go over the 4K limit for help to buy and 20k total yearly allowance for ISAs. Hope that help! Damo
Amazing! So glad it helped. The UK ISA system is one of the best tax efficient accounts in the world! It would be a shame for someone like yourself coming to the UK to not be able to use them. Because the info seems complex Let me know if you need anything else mate Damo
They are the same thing but with a Stocks and shares LISA you can invest in shares with it. The normal lisa you can only put in cash. You get the 25% top up on both. I personally would use a cash lisa when saving for a home so as to not risk my deposit, then a stocks and shares for retirement.
Hi Damien, great video! been looking at opening a stocks and shares isa with a lump sum (coming to the end of the tax year, finally looking at doing something with my savings). As its a lump sum, would you recommend buying when the market is low to maximise dollar cost averaging, or add it to say, a vanguard account, and drip feed it per month? Awesome work, thanks a lot.
Great playlist, which has given me what I needed to start investing. I've opened a vanguard stocks and shares ISA, and a moneybox cash LISA to save for my first home. I'm 21 and I'm looking to buy my first home in the next 5-10 years. 1) can I pay into a s&s ISA and a s&s LISA within the same tax year? And 2) do you think a s&s LISA is the way to go, seeing as my goal is somewhat mid-term in length?
Yes you can pay into them both at the same time. The LISA is great for your first home or saving until your 60. for me i personally would be S+S for investing and then LISA for first home.
Are you kidding me... this is your first video? 😒 ...I was hoping this would be alot less polished 😂 well done Love the background... how did you do this, please?
Hi Damien, first of all thanks for all the insight regarding investing it helped a lot, to get started. Got a question for you or would like to hear your opinion regarding Pension Schemes. At the moment I pay 5% into my pension scheme and my company matches that amount. Obviously the stockmarket is very volatile, but do you think it would be a better idea to lower that percentage or opt out of it and just invest what I would normally contribute? I know I won't have a pension at the end of it, but we're all watching these videos to learn about financial freedom, and not have to rely on the government in the future. Any ideas will be very appreciated. Thanks a lot
Hi Damien, congratulations for your very friendly and clear way of delivering your messages. very very useful indeed. So starting any ISA is not possible for a 66year old? Is my understanding correct?
Hi! Thank you I don't have a clear answer on this sorry. It would all depend on where your tax liability lies and the particulars rules in country you are living. Ultimately you can take the money out at any time, But it is the tax wrapper effect that I am unsure of and also any costs of moving the money offshore.
Heyy Damien, thank you for your helpful videos, they are so simple and easy to understand! I was wondering whether it is possible to have a LISA and a 'help to buy' ISA at the same time? Many thanks xx
Hey Damien, thanks a lot for all the content mate. They're awesome🔥🔥🔥. I have watched many TH-camrs talk about finance and investing but you are by far the best and my favourite. You deserve a lot more subscribers and I'm sure you'll reach 10k very soon. On a different note, I had a question and would really appreciate your thoughts on it. As a novice investor I have a LISA and so does my partner, and I was wondering, if we choose to buy a house together will we both be able to access our funds before we're 60? Cheers mate!
Thank you very much mate, really appreciate your words! If you buy a house together you can both get cash out your LISA Early in for the deposit on the house and still get your 25% bonuses. if you take the money out the house for any other reason than your first home before you turn 60, you would lose the bonus. Hope that helps. Damo
I might have missed it in the video, but can I invest in two different providers in the same tax year if they are different types of ISA? E.G an HTB ISA with my bank and a Stock and share with another one? Loving the videos by the way, hope you make lots of money out of them
Hi Damien, Can an Irish Citizen avail of these benefits or is there a similar alternative. Additionally, to your best knowledge is Vanguard UK the site for Irish investors aswell. Love the videos and on a binge of them today.
outstanding as always! many thanks. Quick question though. I have a s+s isa with vangaurd which is maxed out. can i take out a second s+s isa with vangaurd in the next financial year meaning i end up with two stocks and shares isas with vangaurd. thanks
You can stick 20k a year into your stocks and shares isa mate. so over 10 years you can add 200k 20 years 400k and so on. the money can then grow as much as it likes. the limit is how much you pay in, not how much it grows. so you wont need more than 1 i imagine, if you hit the 20k limit in 1 year. you cant open another isa
Hi Damien, I appreciate the informative and comedic effort you put in your videos. I currently have a normal Cash ISA which was opened up years ago and plan to open up a LISA account and a S&S ISA. Am I able to open both now or should I open up one now then one after the 6th April? Cheers pal
Really helpful video again! Which platform would you recommend for a LISA? Spoke with a Vanguard representative who said they don't offer LISAs Was considering Nutmeg but heard they have high fees. Might go with Hargreaves Lansdown
Hi Francis! Sorry for the delay in my reply. Just been head down trying to finish my video. I use HL currently as basically there is a lack of choice! Damo
Amazing videos! A quick question, if you only had say £10000 to invest, and you are 29 years old, would you recommend to put in £4000 into a LISA and the rest into a stocks and shares ISA for example? Or, is it more beneficially just to put all £10000 into a stocks and shares ISA? I guess the real question is what kind of interest rates does a LISA achieve over time?
I cant tell you what to do. But from a pure numbers perspective the LISA will provide a better rate of return due to the top up bonus from the government. issue is you cant touch it until you are 60
Hi Dame, another great vid as always. Top guy.. On another channel the Q was asked, what % profit could u expect from a total £25,000 investment over a 20 yr period in a life strategy 100 isa with Vanguard. The answer was minimum 4-5% Excuse me being dense, but does that mean after 20 yrs u'd only walk away with £1250 profit. Many thanks Damien, love the content of the channel....
Hi Damien, love the channel mate brilliant content! Would I be right to assume that if i have a vanguard S+S ISA opened last tax year I can open and deposit into a new S+S ISA with another provider this tax year but can still invest in my vanguard ISA with spare funds i have in my account as long as I dont deposit into my vanguard while using my other S+S ISA? Also would I be able to go between these 2 ISAs in different tax years? For example 21/22 focus on trading 212 then 22/23 focus on vanguard etc?
Your videos have been very helpful and I plan to start investing Asap but I had a question about opening multiple ISA's. I want to open a vanguard ISA and start investing regularly but I also want to dabble with trading 212. I believe you are saying that we can invest in one during one tax year and one in another? Does this mean even if I open one in this tax year and another in the next that I can't use both at the same time? Or is it just opening an account that has to be in separate tax years? Sorry for the questions - your videos are amazing :)
Hello! so you can use both, but you can only pay into 1. So if you open Vanguard this year, then 212 the next, You can buy and sell with the money already on your Vanguard but you couldnt add more cash into it while also paying into 212. I hope that makes sense? Honestly though, 212 has Vanguard funds on it, it really can do it all at the min.
Damien love your video’s, I’m 60 & not sure if this a stupid question but I had maxed out on an ISA of 20k @3.25% for the last financial year. I’ve opened a new ISA this year at a better rate of 5.25% , I transferred £15k from other savings & 5k from the other ISA. Does this mean I have Max’d out my yearly contribution.
Great content! What happens if, for instance, (as a UK Settled resident) I start a LISA and a Shares ISA and in 5 years I decide to move abroad? Do I have to stop contributing? Would I be not allowed to use the Shares ISA any longer? Thanks for these videos, they provide clarity to sometimes overwhelming topics.
Hi Mate, So it is my understanding that you need to be a UK tax paying resident to use the ISA structure, So if you left and stop paying tax, you could not pay more money into the ISAs but they can continue to sit there and grow. You would need to check this though as there may be rules based on the country you go to.
@@DamienTalksMoney Oook, thanks for getting back. So I wouldn't be able to add up but at least they can stay there and grow as markets go up. So don't need to close them when moving. Interesting. Thanks!
Hi Damo, great video! I’ve recently started saving about £400 a month into a stocks and shares ISA with Vanguard. Do you think I’d be better off saving this money into a stocks and shares LISA instead until I can afford to save more each month? Keep up the content, really helpful for new investors 👏
That is a personal choice the lisa is great for saving for a house and for when you turn 60 but it doesn't have flexibility in when you take out the money... So it is if you are comfortable locking up the money for that long!
A very informative video, would you recommend for someone to just top up there stocks and shares ISA rather than open a Lifetime ISA. I’m not a first time buyer so not saving for a property, and feel the 25% charge for withdrawing your cash before you’re 60 is a bit steep.
You can do whatever you like here, you seem to understand the drawbacks. I like the idea of different pots of cash that mature at different times and the 25% top up. But that is just me.
@@DamienTalksMoney Why not? The video is totally fine. My favourite thing about your videos (so far, haven't watched all) is that you have no obvious bias. No advertisements, no sponsorships, no "free signup deals" and so on. Just a nice, clean video.
Great video! Important ISA question: will you be taxed on capital gain from old ISAs? Let’s assume we save 20,000£ into an ISA in the tax year 2020/2021 and then leave it alone and let it grow for 100 years…will the future capital gains made from this old ISA count towards my future annual allowances or is any capital gained from old ISAs protected forever (assuming laws remain the same)…? Thanks so much for claryfiying!
Hi Damian, As usual great content ! Just one question... Do you know if is OK to reinvest dividend paid in to my ISA account the same TAX year while I already used up my max ISA allowance. My ISA account dose not allow me to deposit any more funds once I reached the max allowance but I was allowed to buy stocks for the dividend received.
Hi Damien. Loved all your vids idiot' guide to understanding all these stuff. So, i'm following you. Quick question though.. Say, i'm staying invested here in UK for 10 years but, will be moving out to USA until retirement, How do i stay invested in LSA for example? Can i continue paying while i'm abroad?
Thanks Lawrence! As an ISA is a UK tax structure you have to be living in the UK to get the benefit. Basically you can pay into it now, while you live here and then leave it to grow. But while you are not paying tax in the UK you cant add to the balance. Hope that makes sense? Damo
Thanks for the quick reply. Just to clarifuly. What i have put into say, 10 years, that would be the only amount i can take-out/enjoy when i retire. Does this apply as well in share/stock by vanguard? Thank you so much for your insight. Make a Q and A video soon!
@@lawrencelim9407 different ISAs have different rules on when and how you can withdraw. But a stocks and shares ISA you can withdraw the money any time you like. But say you lived in the UK and paid into it for 10 years. You then move away for 20. You can't contribute for that 20 but the money from the 10 will continue to grow. When you retire the the whole lot from the total of 30 years will be use to use tax free.
No worries mate! great question really and something i had not considered. will defo look to do a video aimed at expats who hold investments in the UK. Thanks for the support and let me know if you have any other questions, happy to help! Damo
Hi Damien, firstly thanks for taking the time to put these videos together - even this first one is very well made and produced. I have a couple of questions - apologies if they have been asked before - I had a quick look in the comments and couldn't see similar ones. For the last year I have had my S&S ISA with Vanguard, but have seen your recent-ish comments about freetrade / 212 being the better S&S ISA option now. 1. Is this statement purely because of the zero-fees associated with these platforms? Plus the fact you can choose to invest in stocks or whatever you fancy? 2. With vanguard I use their FTSE Global All Cap Index Fund Accumulation fund - which I don't believe is available with freetrade / 212 - with these platforms do you use a similar ETF (say, the FTSE All-World UCITS ETF (VWRL))? 3. As I've already invested in the above vanguard fund this year, I would not be able to open a S&S ISA with 212 and deposit in it until April next year, correct? And if I did that in 2022, would I still be able to keep my vangaurd ISA as it is and just deposit up to my limit in my new 212 ISA? Hope these questions are clear and not too stupid! In summary I'm just trying to evaluate the pros / cons, as I'm currently just using a normal 212 account for 'play money' and small speculative/poor decision investments really. Considering opening an ISA with them next year as mentioned to reduce overall costs but achieve a similar net result and strategy.
1. Yes that is exactly it 2. I would have said the VWRL is the fund that is similar on the platforms. 3. Yes you would need to wait until April to open and fund a new Stocks and shares ISA. But in 2022 you can keep open your Vanguard one as long as you dont pay more cash into it. Thank you for your lovely feedback on my content. I hope these answers help! Damo
@@DamienTalksMoney thanks very much buddy! This clears up my questions. As it stands then in April I think I’ll swap over to using an ISA on trading 212 for both my passive investing and play money / highly speculative investments, and leave my vanguard one ticking over. Thanks again Shaun
Hey Damien, love your vids! I have 10k (inc gov bonus) sat in a LISA, if house prices are gonna be higher by the time I go to buy a house, am I better off withdrawing whilst the fees are lower and sticking that money into my stocks and shares ISA instead?
Hello! thank you for watching. You can invest inside of a LISA just like a stocks and shares ISA. If you withdraw the money you will pay a penalty. But if you keep it in there you can't touch it until you are 60. But it is possible to invest in a LISA in stocks and shares, get your 25% bonus still and build for your future, But yeah just that you cant touch it until 60. That is the toss up, I'm sorry but I cant tell you which to do.
Just started watching your videos...loving them. I have a 5 year old son and I’m currently putting 50 quid into premium bonds, waste of time🤷♂️ How do you recommend I continue to invest for him (50-100 pm) so I can hand him a deposit when he’s 21-23?🤔👍🏻
Hi, very good knowledge, thank you for this video.I have a question can you buy and sell the same shares(for instance TSLA) within ISA stock and shares many times during the same week? Is it legal?
Hi Damien, new subscriber here and really enjoying your videos. I have a question please, with stocks and shares ISA, If I chose a ISA and put £100 a month, does that mean I can use the same ISA for many years without being taxed if I withdraw in say 5 years? Or do I need to open a new ISA every year?
Yes you can! you can use the same isa forever adding 20k max a year so in ten years you could pay up to 200k into it and lets say that is worth a million. You can take it all out with no tax at all!
Hard choice that one mate, i use both. Issue with the LISA is you cant touch it till your are 60 without a penalty but you do get that free top up from the government.
@@DamienTalksMoney Props to you for doing it (pun intended). Creating stop motion content is a whole new level of dedication to your videos! 👏🏻👏🏻 Looking forward to seeing a revival.
When you compared private pension and lisa, you didn't take into account the contribution your employer makes into your pension pot, which for nhs is the equal amount you put into pension.
When I say private pension I mean any pension that isn’t a contribution based work scheme. So I have a work based pension similar your NHS one, I meant pension structure like SIPPs in the comparison
Thanks for you video! It was really helpful. If I have maxed out contributions for my ISA into a Cash ISA and stocks and shares ISA, is it possible to withdraw from my Cash ISA and put the funds into a LISA? Or will that be exceeding the contribution limit of the tax year?
Hi Damien, thanks for this really helpful content. A complex subject explained in a clear way. This may be a silly question and apologies if you have answered it in another video. I am a PAYE employee. Do I need to do a tax return to realise the tax benefits of a stocks and shares ISA?
Hello mate! As a PAYE employee if you use an ISA you do not ever need to worry about tax and so wont need to declare it via self assessment/ tax return.
Hi Damien I've got a Help To Buy Isa setup since 2016 with regularly monthly payments of £200. I still making these payments each month but help to buy isa is not longer available. For this year 20/21 I opened a stock ISA. Do my regularly payment to my help to buy ISA affect my sock ISA allowance? Thank you! Great channel keep up the good work!
Hi Martin, Great question! Your Help To Buy ISA will still count to the total ISA allowance for the 20/21 tax year which is 20k. So over the full tax year if you contirbute to your Help to buy £200 every month you will use up £2400 of the allowance. Meaning you could put in up to £17,600 into a stocks and shares or other ISA. Hope that makes sense. Damien.
Damien this video is awesome, thank you so much! This is most likely a stupid question but can you invest 20k tax free into the same stocks and shares ISA every year and still get the benefit? E.g. if you put 20k in a particular vanguard ISA this year, could you put 20k in the exact same ISA in the next tax year and get the tax benefit or is it a maximum of 20k in any one ISA at at anyone time (and you'd have to open a different ISA with Vanguard or someone else)?
Not a stupid question at all! so yes is the answer you get the 20k allowance each year and can pay that into the same isa. So if you invested for 10 years you could 200k into the same ISA. Hope that helps!
@@DamienTalksMoney thanks so much mate. I've invested and feel like these videos have been a Godsend! I've hopefully just made a very smart decision for my future. Thanks for your great work mate, more people need to know about this. You're making a positive difference x
Fab video can I ask, if you withdraw from your LISA to purchase a house, can you then continue investing up to the age of 50 towards your pension? Or does the withdrawal for the house close the account so to speak if your over 40?
I've watch so many of you videos and subscribed to your channel. I have a question (or two), I have set up a Vanguard account and started investing as you advised but I'm planning on moving to France in a year or two. Can you recommend anyone that goes through all the info for beginners (like you do soo well) in France?? Like the fr equivalent of vangaurd or stocks and shares isa, etc etc? Q2. How easy is it to move my portfolio over to France? Or can I keep trading from vanguard even after I've moved?
Hi Damien. Thanks for excellent vids. There's just a few things I missed. Using Freetrade and a stocks n shares ISA, If I buy n sell shares as with day trading. When I sell a share I'll get back the originally cost of the share plus any profit. Where do I recieve this money into, my GIA or my ISA? And if this money keeps going in and out of my ISA the £20k limit is soon going to be reached by the same money coming and going. Thanks Damien 😊
When you sell you get both your money and the profit back if you made some, if you are buying inside an ISA the money will go back into your ISA. If you take money out your ISA and then put it in again this will use your ISA allowance quickly. The ISA allowance is money going in and not how big it gets. You can stick 20k a year in and that can grow as big as it wants.
i'm famous!
Hahahaha brilliant
Hi Damian
Will I be able to transfer funds from my cash ISA to stock & shares ISA?
Plan is to close existing cash ISA and to open a stock & shares ISA? Thanks
🤣🤣🤣
You can sell the funds then move them over and rebuy, Sorry for the delay in my reply. I wont be notified about your comment as you replied to Tom
@@DamienTalksMoney Hi Damien, I have a Aviva Investors UK Listed Equity Unconstrained Fund Class 1 and wanted to know if this is any good or should i move this to an HL or Vanguard stocks & shares ISA? If you reply then thank you
Like a toddler learning to walk, found you about 4 months ago and you've come a long way in both content and delivery, keep up the great work
Thank you for going all the way back to the start 🤣
Very good video! Came here after watching a 2023 video (the progress of the vids is also great!)
Everyone needs to see this, simple and could help so many people out. Cheers for the upload!
My pleasure Will
Hey damien I just started watching your vidoes and I have to say they are great because they make financial topics like ISA's, asset classes and investing really clear and concise for me as a young 15 year old who is interested in finance and business as I am teaching myself how real estate works and now I can understand how investing works and the accounts to use, just brilliant job mate thumbs up!
Thank you so much mate! glad I could help and thanks for leaving such a great comment
Damien I've just found your channel and love it, I do have a question.
I have had an account with money box in which I used a stocks and shares ISA however would you recommend stop using them and pick someone like vanguard ?
I primarily just want to focus investing in the s&p 500.
Which investment would you recommend vanguard, invest engine, trading 212 ?
I just want to get my ducks in a line 🦆😂
TIA.
Bro, u must be 18 now. How’s it going?
Best video I've seen out here. Simple, clear and not 1h long. Keep up.the great work man
Thank you so much mate!!! Appreciate this feedback
I have been researching in different types of ISAs over the month and your video literally sum everything up in a super clear way!
That is great to hear! So happy the video was useful for you. Thank you for leaving a comment
Not ashamed to admit I think I'm your new biggest fan! My friend recommended your videos to me and this is exactly what I've wanted to do with my savings for years but had no idea where to start!!! I wish I'd have started ten years ago but excited to get a pot started for my son who's 18 months old! Thank you so much, its actually life changing!! I've barely even watched anything on youtube before, let alone subscribed to anything. If I could invest in you, I would! Also, very much appreciate how much time that little farmer sketch must've taken LOL!
This is just the best comment. Thank you so much mate! Your son is very lucky. I started tucking away 30 per month for my son at a similar age he is now 7. He already has thousands in investments, by the time he turns 21 i imagine i will be able to put a very big deposit down on a house for him.
Check out the junior ISAs and then you can have your own ISA for your own investing.
You son is lucky to have you thinking about him so young! Message me if you need any help with anything.
Damo
I've been watching a few other ISA videos sometimes not felt clarity on a few things. This ones a good great break down. Keen to see the next vids
Thanks mate
Thanks for making a clear and easy to understand guide to ISAs! So much more straightforward than other videos- I understood and actually enjoyed watching it!!
Thank you Amanda!
Me too👍
Great video, especially useful for someone like myself trying to understand ISA’s after leaving university!
No worries jack!
The key is starting young. Letting compounding work for you!
Only Found your channel last week, but spent my free time binge watching! Wish I’d had this 20 years ago when I was 20! Though be a little weird as you properly been in nappies 😆 informative, fun and genuine. Being your authentic self really shines. Thank you.
Thank you so much for this feedback and for all your lovely comments on my content! I will reply to them all now
ISA’s are such an easy way of getting that extra boost! Rather than the 0.2% some banks offer, great video, just sub’d 💯
TH-cam put your comment as Spam... only just realised that was a thing and found a load hidden in here... thanks for the comment as always. I hope it generates you some views as you intend. no one is quicker to comment on a new upload than CJ. i see you everywhere.
Ahh fair enough, and yeah gotta support the people that support ya for sure, plus love watching investing & personal finance vids 👍🏼
@@TradingWithCJ yeah I spend 5 hours a day watching videos of people talking about stuff I know already. just love the finance content like yourself.
Your channel is doing well lad! I am all up in your socialblade haha ...you seem to get a solid amount of views per video and your subs are taking ofd. So your defo doing something right. I reakon your comment stratergy is a part of this.
Likewise! & Yeah potentially, It probably helps somewhat I guess, thanks though man, keep up the work! 👍🏼
This is so much easier to understand! Everyone should know this. Cant wait for more videos. Keep up the good content
Thanks Tom! I'll be posting my next video in a couple days
I’m 22 and only just learning all this… why can’t they teach this in a lighthearted and straightforward way like you do in highschools???
Just found you (I mean your videos ;)) and have been binge watching your videos. Im a late bloomer to Investing in ISA Stocks & Shares (better late than never) but have been a faithful Cash ISA contributer. Just joined Vanguard last year (this pandermic has shifted some priorities). Great content Damien. Keep them rolling in please. God bless.
You have found me! i am here.
Great to see you are getting into investing. Let me know if you need anything
Makes a change not listening to an 80 year old monotone veteran. Love the vids. It would be good to hear of other ways to save for a house other than a lifetime isa as I wouldn't qualify if I wanted to buy a house as I already have a buy to let.
Thanks so much! I will defo be doing some content aimed at investing post 40 as everything thus far has been aimed at a younger audience.
Very well explained love the easy and funny ways you explain but still u get to the point! An interesting way to watch videos without being bored!
Thank you so much for this feedback mate! exactly the thing I want to achieve on my channel
Last bit was my favourite line. Great video mate!
Thanks so much for watching all the way to end first of all! glad you enjoyed it mate
Damo
We are so lucky to have ISA’s in the U.K. many countries are not so lucky, even if they have tax efficient wrappers, their allowances can be much lower than ours. I’ve always found it baffling therefore why people do not take advantages of ISA’s. Each year you have £20,000 that you can invest and all gains are tax free. Its a brilliant way of securing your future, and people should try their best to take advantage of them.
Exactly this! couldn't agree more
Martin Lewis warned people off Cash ISAs a while back, as interest rates were so low, which as he doesn't know or advise on S and S may have put a lot off the whole ISA scenario..
Brilliant video! I've subscribed
And will now open a stocks and shares ISA with Vanguard and a Lifetime ISA with HL, as well as a Junior ISA for my child. All this time I was just saving money into a bank account the old school way watching it lose value
One thing though - did you forget to include a link in the description for the amazing article on lifetime ISAs you mention in the video?
Hello!
Yes I probably did forget to include the link! Thanks for the heads up. This was my first video.. i was all over the place haha
I will dig it out and let you know!
Damo
@@DamienTalksMoney Cheers Damo. Could you also do a video on Hargreaves Lansdown Lifetime ISAs? Their costs are really confusing, and the benefits of ETFs vs funds on their platform is hard to understand for a beginner. Seems like a different beast to Vanguard stocks & shares
@@TSS0Qk3n yeah great shout! I was going to make some Hargreaves Lansdown content at some point so I will bring this forward
Hi Damien, as has already been said. Your explanations have given me so much clarity on ISA’s. Just what I needed. And thanks to your other more recent videos, pointed me to here. You definitely sold it to me re which ISA’s in other Vids! Keep up the great work! 👍 :)
Damien rlly out here making stop motion animation to explain investing? that's time commitment. you deserve alot more attention to ur vids and channel. all I can say is keep it up and success if defo coming ur way d dog
The recognition from yourself around how long it takes makes it all worth it mate!
I don't want to release content where it's just me waffling at the camera for 20 mins. So I'll make sure to keep the stop motion coming, as I have not done it in a while! Cheers for all the support Henry lad!
Really appreciated
Damo
That joke at the end had me absolutely creasing 😂 really clear and informative video, thanks man.
Thanks Alex! Thought I would add in a little something for anyone who made it all the way to the end!!
Glad the video was useful for you mate.
Damien
That made it all seem so much more understandable to me. I am looking forward now to the next one on investing.Thankyou Damien, great video.
Thank you Maria!
Damien you’re a gem!
So are you for commenting on my videos!! Thank you 🙌🏻🙌🏻🙌🏻🙌🏻
Thanks for this. I have used this to inform some financial decisions and it’s really helpful.
No worries my man!
So simple to understand and follow. Thank you Mate. Keep it up
Thank you!
Wicked video explaining what all the different ISA accounts mean! One question I have is, with the LISA can you buy a buy to let property or must it be a house to live in?
Hi Buddy!
So it has to be your first home. That is the only criteria, If you already own a home you cant get the bonus.
This is a brilliant channel. Really into this content, Damien.
Thank you so much! really great to hear you like the videos.
The best video on TH-cam about ISA, thanks Damien! I have a question about LISA, previously I already opened a help to buy ISA and bought my first house, now can I open a LISA or do I have to go back to my previous bank to start putting in money again? Who can I open a LISA with? Many thanks!
Yes you can have a LISA now! most banks provide them and so do places like Moneybox and Hargreaves Lansdown.
Your sooo good. Love your videos. That finishing one liner was legendary...“Those assets are smaller than you thought” 😂🤣
Hahah yes!! thank you so much glad you liked it
Great videos and cracking content, love your ability to add a bit of comedy too. After watching your videos I'm seriously wanting to invest. I've been looking into this for some weeks now. Via your videos and some others on TH-cam, plus reading articles online.
Opening an account with a lump of £500 or £100pm, does the pm payment come out as a direct debit or is it up to the account holder to add, as and when they want? You did mention in one video that once you have paid in, you can buy in lower amounts. Thanks.
Hi Andrew!
Thanks so much for your lovely feedback on my content.
You can set up a monthly direct debit or just top up as and when you want to. It is completely up to you and there is lots of flexibility. I have had months where I have not topped up at all.
I hope that helps?
Thanks
Damo
@@DamienTalksMoney absolutely, it helps, as is with life, some weeks/months are more expensive than others and money needs to go in different directions. I'm not far off a pay rise and overtime is frequent where I am. Thus I'll have a bit more to put aside. Spent a few days last week chasing up old workplace pensions so I can have them all in one pot. Admittedly, for too many years I've not been exactly money savvy, however time are changing for the better. Cheers Damo. 🍻
One minute in and I love it
Hahaha thank you! My first ever video this one. Hope you like it
Great video. Really simply put and helpful! Cheers for the upload
Thank you! Next video is today
Finally a simple financial video!! So I have a 2 year fixed cash ISA that im paying into this year and has £10k in it, and a help to buy ISA from last year that I haven't paid into this year. Can I open a stocks and shares ISA with Vanguard this year (like sign up tomorrow) and pay into both ISAs?
Hi!
Thanks for leaving a comment!
You can have 1 type of each ISA that you pay into each financial year. So by the sounds of it you are all good to have a stocks and shares! You can pay into your stocks and shares, help to buy and cash ISA all in the same year. You just can’t go over the 4K limit for help to buy and 20k total yearly allowance for ISAs.
Hope that help!
Damo
Hi Damien! Could you make a video on Cash ISAs now that interest rates have gone up so much? Thank you :)
very very helpfull, I come from France and it has always been a struggle to understand those thans a lot
Amazing! So glad it helped. The UK ISA system is one of the best tax efficient accounts in the world! It would be a shame for someone like yourself coming to the UK to not be able to use them. Because the info seems complex
Let me know if you need anything else mate
Damo
You've Deffo improved your TH-caming
Thanks for going all the way back!
Great video, i completely understand what they are now! Are you going to do more videos?
Hi Jeremy!
Yes I will
Damo
Excellent video, very clear explanations and tips:)
Thank you for your comment Hanna! I Really appreciate your feedback.
Damien
Love this video. How is Tom's portfolio getting on? 🤣
Haha Tom!! I honestly forgot about him.
He is fine, his portfolio is in bits....
Great video mate, informative and funny. Top man
Excellent video, very informative and easy to understand!
Nice one mate
Love the content mate, so useful!! quick question, what's the stocks and shares LISA and is this better than a simple LISA?
They are the same thing but with a Stocks and shares LISA you can invest in shares with it. The normal lisa you can only put in cash. You get the 25% top up on both.
I personally would use a cash lisa when saving for a home so as to not risk my deposit, then a stocks and shares for retirement.
Hi Damien, great video! been looking at opening a stocks and shares isa with a lump sum (coming to the end of the tax year, finally looking at doing something with my savings). As its a lump sum, would you recommend buying when the market is low to maximise dollar cost averaging, or add it to say, a vanguard account, and drip feed it per month? Awesome work, thanks a lot.
I drip feed, but if you can time the market you will be better off, issue is that is very hard to do
Great playlist, which has given me what I needed to start investing. I've opened a vanguard stocks and shares ISA, and a moneybox cash LISA to save for my first home. I'm 21 and I'm looking to buy my first home in the next 5-10 years. 1) can I pay into a s&s ISA and a s&s LISA within the same tax year? And 2) do you think a s&s LISA is the way to go, seeing as my goal is somewhat mid-term in length?
Yes you can pay into them both at the same time.
The LISA is great for your first home or saving until your 60. for me i personally would be S+S for investing and then LISA for first home.
This was really easy to understand. May hire Damien to sort my finances 😂
Thanks Katie!!
Are you kidding me... this is your first video? 😒
...I was hoping this would be alot less polished 😂 well done
Love the background... how did you do this, please?
Another fab video, who do you use for a cash LISA ?
I dont have a cash LISA i have a stocks and shares one with HL at the min
Hi Damien, first of all thanks for all the insight regarding investing it helped a lot, to get started. Got a question for you or would like to hear your opinion regarding Pension Schemes. At the moment I pay 5% into my pension scheme and my company matches that amount. Obviously the stockmarket is very volatile, but do you think it would be a better idea to lower that percentage or opt out of it and just invest what I would normally contribute? I know I won't have a pension at the end of it, but we're all watching these videos to learn about financial freedom, and not have to rely on the government in the future. Any ideas will be very appreciated. Thanks a lot
I would always personally max out the matched contribution and it is free money. No other investment in the world will double your money instantly!
@@DamienTalksMoney thanks a lot, appreciate it 😁
Hi Damien, congratulations for your very friendly and clear way of delivering your messages. very very useful indeed. So starting any ISA is not possible for a 66year old? Is my understanding correct?
Hello! yes you can have an ISA. I just don't think you can have a Life time ISA
Thanks for breaking it all down! I’ll definitely be looking into these. Hope you’re bringing out more of these!!
Thanks Harrison
Hi Damien, really enjoying your content. How do index funds and ISA's work in conjunction with each other?
Answered my question on the vid
Glad I answered the question for you and I hope it makes sense!
Hi Damien!
Thank you for your videos! Very useful!
I would like to ask which provider you use for your L-ISA, please.
Hello! i currently use HL but i will be shopping around near April for a new one and will share my thoughts.
Superb video! Thanks! Question: do you know what happens if you're going to move abroad?
Hi! Thank you
I don't have a clear answer on this sorry. It would all depend on where your tax liability lies and the particulars rules in country you are living.
Ultimately you can take the money out at any time, But it is the tax wrapper effect that I am unsure of and also any costs of moving the money offshore.
Heyy Damien, thank you for your helpful videos, they are so simple and easy to understand! I was wondering whether it is possible to have a LISA and a 'help to buy' ISA at the same time? Many thanks xx
They are the same thing! so you cant have both. the LISA replaced the H2B
@@DamienTalksMoney Ohh okay, thanks Damien for your quick response xx
Hey Damien, thanks a lot for all the content mate. They're awesome🔥🔥🔥. I have watched many TH-camrs talk about finance and investing but you are by far the best and my favourite. You deserve a lot more subscribers and I'm sure you'll reach 10k very soon.
On a different note, I had a question and would really appreciate your thoughts on it. As a novice investor I have a LISA and so does my partner, and I was wondering, if we choose to buy a house together will we both be able to access our funds before we're 60? Cheers mate!
Thank you very much mate, really appreciate your words!
If you buy a house together you can both get cash out your LISA Early in for the deposit on the house and still get your 25% bonuses. if you take the money out the house for any other reason than your first home before you turn 60, you would lose the bonus.
Hope that helps.
Damo
@@DamienTalksMoney Thank you for your response. It was really helpful.
I might have missed it in the video, but can I invest in two different providers in the same tax year if they are different types of ISA? E.G an HTB ISA with my bank and a Stock and share with another one?
Loving the videos by the way, hope you make lots of money out of them
Hi Mate! Yes you can have your different ISA's with different companies. Thanks so much for watching
Hi Damien,
Can an Irish Citizen avail of these benefits or is there a similar alternative. Additionally, to your best knowledge is Vanguard UK the site for Irish investors aswell.
Love the videos and on a binge of them today.
Hello mate! not sure on the Irish rules, but i imagine you will have some sort of tax wrapped account.
Superb video as always, all things ISA explained.
Glad you liked it!
Great videos Damien. Have you talked about EIS?
Thank you! no i have not yet... but i will
outstanding as always! many thanks. Quick question though. I have a s+s isa with vangaurd which is maxed out. can i take out a second s+s isa with vangaurd in the next financial year meaning i end up with two stocks and shares isas with vangaurd. thanks
You can stick 20k a year into your stocks and shares isa mate. so over 10 years you can add 200k 20 years 400k and so on. the money can then grow as much as it likes. the limit is how much you pay in, not how much it grows. so you wont need more than 1 i imagine, if you hit the 20k limit in 1 year. you cant open another isa
Hi Damien, I appreciate the informative and comedic effort you put in your videos. I currently have a normal Cash ISA which was opened up years ago and plan to open up a LISA account and a S&S ISA. Am I able to open both now or should I open up one now then one after the 6th April? Cheers pal
You can open both now mate! As long as you don’t have any others you have paid into this year
Really helpful video again!
Which platform would you recommend for a LISA? Spoke with a Vanguard representative who said they don't offer LISAs
Was considering Nutmeg but heard they have high fees.
Might go with Hargreaves Lansdown
Hi Francis!
Sorry for the delay in my reply. Just been head down trying to finish my video. I use HL currently as basically there is a lack of choice!
Damo
@@DamienTalksMoney No worries, hardly a delay! Cheers, I might go with HL then if there's not much else in the way of good options.
Francis
Amazing videos! A quick question, if you only had say £10000 to invest, and you are 29 years old, would you recommend to put in £4000 into a LISA and the rest into a stocks and shares ISA for example? Or, is it more beneficially just to put all £10000 into a stocks and shares ISA? I guess the real question is what kind of interest rates does a LISA achieve over time?
I cant tell you what to do. But from a pure numbers perspective the LISA will provide a better rate of return due to the top up bonus from the government. issue is you cant touch it until you are 60
Brilliant video mate!
Thank you mate! Appreciate you watching it
Hi Dame, another great vid as always. Top guy.. On another channel the Q was asked, what % profit could u expect from a total £25,000 investment over a 20 yr period in a life strategy 100 isa with Vanguard. The answer was minimum 4-5% Excuse me being dense, but does that mean after 20 yrs u'd only walk away with £1250 profit. Many thanks Damien, love the content of the channel....
I think they mean per year mate! But obvs no guarantees
Damien, that was great. Thank you!
My pleasure! Glad it was useful. Thanks for the feedback
Damien
Hi Damien, love the channel mate brilliant content! Would I be right to assume that if i have a vanguard S+S ISA opened last tax year I can open and deposit into a new S+S ISA with another provider this tax year but can still invest in my vanguard ISA with spare funds i have in my account as long as I dont deposit into my vanguard while using my other S+S ISA? Also would I be able to go between these 2 ISAs in different tax years? For example 21/22 focus on trading 212 then 22/23 focus on vanguard etc?
Yes that is right mate! you just cant pay into more than one. The money already on file you can do what you want with
@@DamienTalksMoney some man, cheers
Your videos have been very helpful and I plan to start investing Asap but I had a question about opening multiple ISA's. I want to open a vanguard ISA and start investing regularly but I also want to dabble with trading 212. I believe you are saying that we can invest in one during one tax year and one in another? Does this mean even if I open one in this tax year and another in the next that I can't use both at the same time? Or is it just opening an account that has to be in separate tax years?
Sorry for the questions - your videos are amazing :)
Hello!
so you can use both, but you can only pay into 1. So if you open Vanguard this year, then 212 the next, You can buy and sell with the money already on your Vanguard but you couldnt add more cash into it while also paying into 212. I hope that makes sense?
Honestly though, 212 has Vanguard funds on it, it really can do it all at the min.
Damien love your video’s, I’m 60 & not sure if this a stupid question but I had maxed out on an ISA of 20k @3.25% for the last financial year. I’ve opened a new ISA this year at a better rate of 5.25% , I transferred £15k from other savings & 5k from the other ISA. Does this mean I have Max’d out my yearly contribution.
Great content! What happens if, for instance, (as a UK Settled resident) I start a LISA and a Shares ISA and in 5 years I decide to move abroad? Do I have to stop contributing? Would I be not allowed to use the Shares ISA any longer? Thanks for these videos, they provide clarity to sometimes overwhelming topics.
Hi Mate,
So it is my understanding that you need to be a UK tax paying resident to use the ISA structure, So if you left and stop paying tax, you could not pay more money into the ISAs but they can continue to sit there and grow. You would need to check this though as there may be rules based on the country you go to.
@@DamienTalksMoney Oook, thanks for getting back. So I wouldn't be able to add up but at least they can stay there and grow as markets go up. So don't need to close them when moving. Interesting. Thanks!
So informative! Thank you 🙂
My pleasure!
Hi Damo, great video!
I’ve recently started saving about £400 a month into a stocks and shares ISA with Vanguard. Do you think I’d be better off saving this money into a stocks and shares LISA instead until I can afford to save more each month?
Keep up the content, really helpful for new investors 👏
That is a personal choice the lisa is great for saving for a house and for when you turn 60 but it doesn't have flexibility in when you take out the money... So it is if you are comfortable locking up the money for that long!
A very informative video, would you recommend for someone to just top up there stocks and shares ISA rather than open a Lifetime ISA. I’m not a first time buyer so not saving for a property, and feel the 25% charge for withdrawing your cash before you’re 60 is a bit steep.
You can do whatever you like here, you seem to understand the drawbacks. I like the idea of different pots of cash that mature at different times and the 25% top up. But that is just me.
Love this ISA breakdown
Thank you! My first video this one.. I cant watch it anymore
@@DamienTalksMoney Why not? The video is totally fine. My favourite thing about your videos (so far, haven't watched all) is that you have no obvious bias. No advertisements, no sponsorships, no "free signup deals" and so on. Just a nice, clean video.
Please could you do a video on pensions? I have a few kicking around from previous jobs and I know they are invested but I have no idea how it works.
Yes of course I will cover this at some point for sure!
Jesus you put a lot of work into this video 😂
Hahaha never again! Was my first video took agggges haha. I will bring back Tom one day
Great video! Important ISA question: will you be taxed on capital gain from old ISAs? Let’s assume we save 20,000£ into an ISA in the tax year 2020/2021 and then leave it alone and let it grow for 100 years…will the future capital gains made from this old ISA count towards my future annual allowances or is any capital gained from old ISAs protected forever (assuming laws remain the same)…? Thanks so much for claryfiying!
No tax on any ISAs ever as long as you have stuck to the rules around only having 1 and max 20k
Hi Damian, As usual great content ! Just one question... Do you know if is OK to reinvest dividend paid in to my ISA account the same TAX year while I already used up my max ISA allowance. My ISA account dose not allow me to deposit any more funds once I reached the max allowance but I was allowed to buy stocks for the dividend received.
Yep, income from dividends within the ISA do not count toward your allowance. Neither do profits from selling shares
Hi Damien. Loved all your vids idiot' guide to understanding all these stuff. So, i'm following you. Quick question though.. Say, i'm staying invested here in UK for 10 years but, will be moving out to USA until retirement, How do i stay invested in LSA for example? Can i continue paying while i'm abroad?
Thanks Lawrence!
As an ISA is a UK tax structure you have to be living in the UK to get the benefit. Basically you can pay into it now, while you live here and then leave it to grow. But while you are not paying tax in the UK you cant add to the balance.
Hope that makes sense?
Damo
Thanks for the quick reply. Just to clarifuly. What i have put into say, 10 years, that would be the only amount i can take-out/enjoy when i retire. Does this apply as well in share/stock by vanguard? Thank you so much for your insight. Make a Q and A video soon!
@@lawrencelim9407 different ISAs have different rules on when and how you can withdraw. But a stocks and shares ISA you can withdraw the money any time you like. But say you lived in the UK and paid into it for 10 years. You then move away for 20. You can't contribute for that 20 but the money from the 10 will continue to grow. When you retire the the whole lot from the total of 30 years will be use to use tax free.
Got it! Well appreciated response. I'll stay tuned in your upcoming vids. Cheers!
No worries mate! great question really and something i had not considered. will defo look to do a video aimed at expats who hold investments in the UK.
Thanks for the support and let me know if you have any other questions, happy to help!
Damo
Hi Damien, firstly thanks for taking the time to put these videos together - even this first one is very well made and produced. I have a couple of questions - apologies if they have been asked before - I had a quick look in the comments and couldn't see similar ones.
For the last year I have had my S&S ISA with Vanguard, but have seen your recent-ish comments about freetrade / 212 being the better S&S ISA option now.
1. Is this statement purely because of the zero-fees associated with these platforms? Plus the fact you can choose to invest in stocks or whatever you fancy?
2. With vanguard I use their FTSE Global All Cap Index Fund Accumulation fund - which I don't believe is available with freetrade / 212 - with these platforms do you use a similar ETF (say, the FTSE All-World UCITS ETF (VWRL))?
3. As I've already invested in the above vanguard fund this year, I would not be able to open a S&S ISA with 212 and deposit in it until April next year, correct? And if I did that in 2022, would I still be able to keep my vangaurd ISA as it is and just deposit up to my limit in my new 212 ISA?
Hope these questions are clear and not too stupid! In summary I'm just trying to evaluate the pros / cons, as I'm currently just using a normal 212 account for 'play money' and small speculative/poor decision investments really. Considering opening an ISA with them next year as mentioned to reduce overall costs but achieve a similar net result and strategy.
1. Yes that is exactly it
2. I would have said the VWRL is the fund that is similar on the platforms.
3. Yes you would need to wait until April to open and fund a new Stocks and shares ISA. But in 2022 you can keep open your Vanguard one as long as you dont pay more cash into it.
Thank you for your lovely feedback on my content. I hope these answers help!
Damo
@@DamienTalksMoney thanks very much buddy! This clears up my questions.
As it stands then in April I think I’ll swap over to using an ISA on trading 212 for both my passive investing and play money / highly speculative investments, and leave my vanguard one ticking over.
Thanks again Shaun
Hey Damien, love your vids! I have 10k (inc gov bonus) sat in a LISA, if house prices are gonna be higher by the time I go to buy a house, am I better off withdrawing whilst the fees are lower and sticking that money into my stocks and shares ISA instead?
Hello! thank you for watching.
You can invest inside of a LISA just like a stocks and shares ISA. If you withdraw the money you will pay a penalty. But if you keep it in there you can't touch it until you are 60. But it is possible to invest in a LISA in stocks and shares, get your 25% bonus still and build for your future, But yeah just that you cant touch it until 60.
That is the toss up, I'm sorry but I cant tell you which to do.
Just started watching your videos...loving them. I have a 5 year old son and I’m currently putting 50 quid into premium bonds, waste of time🤷♂️ How do you recommend I continue to invest for him (50-100 pm) so I can hand him a deposit when he’s 21-23?🤔👍🏻
I have a junior Isa for my son mate. I invest then in index funds, just like I speak about here. Long term set it and forget it style.
Hi, very good knowledge, thank you for this video.I have a question can you buy and sell the same shares(for instance TSLA) within ISA stock and shares many times during the same week? Is it legal?
Yes you can buy and sell as much as you like inside of your ISA
@@DamienTalksMoney thank you :)
Hi Damien, new subscriber here and really enjoying your videos. I have a question please, with stocks and shares ISA, If I chose a ISA and put £100 a month, does that mean I can use the same ISA for many years without being taxed if I withdraw in say 5 years? Or do I need to open a new ISA every year?
Yes you can! you can use the same isa forever adding 20k max a year so in ten years you could pay up to 200k into it and lets say that is worth a million. You can take it all out with no tax at all!
Hi Damien liked your video since yesterday I have seen your quite few videos..I want to invest in stocks and shares..shall I do it via ISA or LISA
Hard choice that one mate, i use both. Issue with the LISA is you cant touch it till your are 60 without a penalty but you do get that free top up from the government.
Came for the financial advice, stayed for the stop-motion lego.
Hahaha!! i need to bring that back. Took me hours to make but i loved it.
It will return soon i promise.
@@DamienTalksMoney Props to you for doing it (pun intended). Creating stop motion content is a whole new level of dedication to your videos! 👏🏻👏🏻 Looking forward to seeing a revival.
Great Breakdown, many thanks :)
My pleasure Matty! Thanks for taking the time to let me know you liked it.
Damo
Hi Damien, thanks for your informative video! So you open a LISA and a stocks and shares ISA and pay into both in one tax year? Many thanks :)
Yes you can!
When you compared private pension and lisa, you didn't take into account the contribution your employer makes into your pension pot, which for nhs is the equal amount you put into pension.
When I say private pension I mean any pension that isn’t a contribution based work scheme.
So I have a work based pension similar your NHS one, I meant pension structure like SIPPs in the comparison
Thanks for you video! It was really helpful. If I have maxed out contributions for my ISA into a Cash ISA and stocks and shares ISA, is it possible to withdraw from my Cash ISA and put the funds into a LISA? Or will that be exceeding the contribution limit of the tax year?
Unfortunately not. its what you pay in counts as using up the allowance.
Hi Damien, thanks for this really helpful content. A complex subject explained in a clear way.
This may be a silly question and apologies if you have answered it in another video. I am a PAYE employee. Do I need to do a tax return to realise the tax benefits of a stocks and shares ISA?
Hello mate!
As a PAYE employee if you use an ISA you do not ever need to worry about tax and so wont need to declare it via self assessment/ tax return.
@@DamienTalksMoney Very helpful. Thank you.
Hi Damien
I've got a Help To Buy Isa setup since 2016 with regularly monthly payments of £200. I still making these payments each month but help to buy isa is not longer available.
For this year 20/21 I opened a stock ISA. Do my regularly payment to my help to buy ISA affect my sock ISA allowance?
Thank you!
Great channel keep up the good work!
Hi Martin,
Great question! Your Help To Buy ISA will still count to the total ISA allowance for the 20/21 tax year which is 20k.
So over the full tax year if you contirbute to your Help to buy £200 every month you will use up £2400 of the allowance. Meaning you could put in up to £17,600 into a stocks and shares or other ISA.
Hope that makes sense.
Damien.
@@DamienTalksMoney Thank you! I've been trying to find this info for weeks now!
I'll follow you with great interest from now on!
My pleasure! Anything else you are stuck on just let me know.
Damien this video is awesome, thank you so much! This is most likely a stupid question but can you invest 20k tax free into the same stocks and shares ISA every year and still get the benefit? E.g. if you put 20k in a particular vanguard ISA this year, could you put 20k in the exact same ISA in the next tax year and get the tax benefit or is it a maximum of 20k in any one ISA at at anyone time (and you'd have to open a different ISA with Vanguard or someone else)?
Not a stupid question at all! so yes is the answer you get the 20k allowance each year and can pay that into the same isa.
So if you invested for 10 years you could 200k into the same ISA.
Hope that helps!
@@DamienTalksMoney thanks so much mate. I've invested and feel like these videos have been a Godsend! I've hopefully just made a very smart decision for my future. Thanks for your great work mate, more people need to know about this. You're making a positive difference x
Fab video can I ask, if you withdraw from your LISA to purchase a house, can you then continue investing up to the age of 50 towards your pension? Or does the withdrawal for the house close the account so to speak if your over 40?
I've watch so many of you videos and subscribed to your channel. I have a question (or two),
I have set up a Vanguard account and started investing as you advised but I'm planning on moving to France in a year or two.
Can you recommend anyone that goes through all the info for beginners (like you do soo well) in France?? Like the fr equivalent of vangaurd or stocks and shares isa, etc etc?
Q2. How easy is it to move my portfolio over to France? Or can I keep trading from vanguard even after I've moved?
Hello mate! i dont know anyone in France sorry...
You can leave the money sat in the UK but you Can't pay into an ISA if you have left the country
@@DamienTalksMoney thanks for the info. I imagine it's easy enough to transfer my shares from Vanguard to whatever French platform I end up on?
@@dannickchollet2472 you have the same problem my cousin had when relocating to Paris but she got it solved
Where is the article comparing the LISA to a pension please? Would love to read it.
It seems to have vanished!! i am sorry... I will try to find it and let you know.
@@DamienTalksMoney did you have any joy digging out this link? I just spent far longer than I'd like to admit looking for it!
Hi Damien. Thanks for excellent vids. There's just a few things I missed.
Using Freetrade and a stocks n shares ISA, If I buy n sell shares as with day trading. When I sell a share I'll get back the originally cost of the share plus any profit.
Where do I recieve this money into, my GIA or my ISA?
And if this money keeps going in and out of my ISA the £20k limit is soon going to be reached by the same money coming and going.
Thanks Damien 😊
follow
@@jingjing5789
What does follow mean...
@@patrickhowden1601 Following your post if any replies on here.
When you sell you get both your money and the profit back if you made some, if you are buying inside an ISA the money will go back into your ISA.
If you take money out your ISA and then put it in again this will use your ISA allowance quickly. The ISA allowance is money going in and not how big it gets. You can stick 20k a year in and that can grow as big as it wants.
@@DamienTalksMoney Thanks again Damian. You're a Saint 😇👍