Yes, you can continue using your ISA account funds if you're no longer in the UK. However, any potential gains might be subject to tax laws of the country you reside in.
Thanks I am new to 212 Invest & ISA is of particular interest. Useful information here. Its now to know what exactly I can trade into an ISA account including use of PIES.
ISA investments and any capital gains generated on them are exempt from taxes. As for dividends tax, it is charged by the company's country of domicile and applies to dividends received in an ISA.
If I want to transfer my full pot of 100k accumulated over the years on my current Isa to a new Isa… will that keep being tax free even if I’m adding more than 20k to a new Isa in that tax year? I guess yes right? Since I’m not really adding, just transferring.
You may find the information less confusing when written down so head over to our learn page to learn more about ISAs: www.trading212.com/learn/investing-101/what-is-an-isa-and-how-does-it-work Also, feel free to reach out to us if you have any questions - we'll be happy to explain.
In case you're referring to an ISA deposit - yes. You can add to your ISA for the 2022/2023 tax year until 23 : 59 on the 5th of April. Keep in mind that deposits made via certain payment methods may take longer to reflect in your ISA. Depending on when your deposit enters your Trading 212, it might count towards your 2023/2024 allowance.
Nice video, if I make 40k profit in my trading 212 isa account and kept reinvesting the profit but not taking it out of the isa account is it all covered by the isa tax wrapper?
uk taxes are ridiculous.
It's corrupt
Its not just the UK :/
@@appeljuicesurfin the uk they tax you when you die
What I if open an Isa put in 20k and leave it there. Can I still use it when I am not a Uk resident anymore? No topping up obviously.
Yes, you can continue using your ISA account funds if you're no longer in the UK. However, any potential gains might be subject to tax laws of the country you reside in.
Thanks I am new to 212 Invest & ISA is of particular interest. Useful information here. Its now to know what exactly I can trade into an ISA account including use of PIES.
Does a UK Stocks ISA protect me from taxes on USA based stocks?
ISA investments and any capital gains generated on them are exempt from taxes. As for dividends tax, it is charged by the company's country of domicile and applies to dividends received in an ISA.
@@Trading212 Thanks for this information.
You're welcome 🙌
@@carey. This means "Yes"
If I want to transfer my full pot of 100k accumulated over the years on my current Isa to a new Isa… will that keep being tax free even if I’m adding more than 20k to a new Isa in that tax year? I guess yes right? Since I’m not really adding, just transferring.
You're right. Transfers do not affect the yearly allowance.
You u
You can also open multiple ISAs in the same tax year if it is only used for transferring and not adding anything.
Not all providers accept transfers from different types of ISA.
can we open an ISA account at Trading 212?
Yes, you can open an ISA account with us via the mobile and web app.
I need more detail - this stuff is way way way over my head even after this great explanation. Break it down please.
You may find the information less confusing when written down so head over to our learn page to learn more about ISAs: www.trading212.com/learn/investing-101/what-is-an-isa-and-how-does-it-work
Also, feel free to reach out to us if you have any questions - we'll be happy to explain.
Can I open a lifetime ISA on trading 212?
Offering LISAs is not in our short/mid-term plans. We'll let you know if there are any updates.
When is the junior available
It's not something we're considering, for the time being, but if anything changes we'll let you know 👌
Is today the last day to make deposits for this tax year
In case you're referring to an ISA deposit - yes. You can add to your ISA for the 2022/2023 tax year until 23 : 59 on the 5th of April.
Keep in mind that deposits made via certain payment methods may take longer to reflect in your ISA. Depending on when your deposit enters your Trading 212, it might count towards your 2023/2024 allowance.
Nice video, if I make 40k profit in my trading 212 isa account and kept reinvesting the profit but not taking it out of the isa account is it all covered by the isa tax wrapper?