Questions tagged [isa]

An ISA is a financial product available to residents in the United Kingdom. It is designed for the purpose of investment and savings with a favourable tax status.

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Understanding Time-Weighted Rate of Return

In general I consider myself a relatively maths-literate person, but I'm really struggling to understand TWRR (Time-Weighted Rate of Return); at least as my investment provider is presenting it to me. ...
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5 votes
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Flexibility on opening multiple Cash ISAs in one tax year [duplicate]

I expect this question is UK-specific. I have a UK ISA with provider A. I have not yet credited any money into this ISA in this tax year yet. The interest rate is poor, so I'd like to open a new ISA ...
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Lifetime ISAs appear to be well and truly tax free, so why use anything else as a retirement plan?

When you invest in a Lifetime ISA, HMRC will top up your investment by 25%. This negates the 20% tax that most people pay. As Lifetime ISAs are ISAs and are therefore never ever taxed, this makes ...
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What can I hold within a UK Stocks & Shares ISA?

I hold a S&S ISA and understand the principles of trading quite well, but beyond single stocks I don't really understand what can and cannot be held within this vehicle... funds, bonds, equities, ...
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Can one gift surplus US income to a sibling in the UK to put into an ISA, and be re-gifted this money on their return to the UK?

Suppose a UK citizen ("Alice") moves to the US for 3 years for work. I am aware that 1) when Alice stops being a UK resident, she is no longer able to pay into UK ISAs, and 2) when she ...
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Inheriting an ISA

What are the restrictions or complications around inheriting an ISA if I already have one? Is it simply that I can’t pay into it or more problematic because of inheritance tax?
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4 answers
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Have I left investing until too late?

I'm 44 and have only the investment of a house. I was scared off ISAs (individual savings accounts) etc because of the complexity, choice, etc and only now have I come to make the decision to open an ...
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Holding ISAs after emigrating to Poland

I'm a UK resident and plan to move to Poland for at least 10 years, in 2 years' time. I'm intending to open a junior Investment ISA and, for me, an Investment ISA. We will retain our property here in ...
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Can I buy an overseas property using the bonus from a Lifetime ISA?

I have a Lifetime ISA but am looking to move overseas in the next few months. I am yet to buy any property and thus my first property purchase will most likely be overseas, can I use my Lifetime ISA ...
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1 vote
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Tax-free (or low tax) investments for US citizen residing in the UK?

I am a US citizen residing in the UK (long-term, possibly including in retirement). My spouse is also a US citizen, and my children have dual citizenships. Are there any investments available to us ...
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Effect of withdrawing money on ISA contribution allowance

If I haven’t put my ISA allowance in this year but have taken £12,000 out of my ISA, how much can I put in for that year?
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Legally avoiding foreign Tax on Junior and Investment ISA while living abroad

I love the ISA investment account and I'm now considering investing in a Junior ISA for my newborn son. I understand that if you have any these accounts open while you live abroad then you are not ...
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Can you transfer holdings from an ISA account into a regular broker account in-kind?

I haven't found any info on this. I learned that I cannot bring assets into an ISA (see e.g. here), but there is no mention anywhere about taking assets out of one. I know the government expects to ...
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4 votes
1 answer
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What is the reasoning behind 1 ISA subscription per type per tax year

I get that, in each tax year, you can pay-in up to your ISA limit (at the moment £20000) into any number of - or create new - ISA accounts, so long as it's only one of each type. So you can create a ...
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Can I transfer my HL LISA to a HL Stocks and Shares ISA without affecting my ISA allowance?

I have a Hargreaves Lansdown LISA and am concerned that the £450k limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since the ...
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Is it worth opening an ISA at the moment? [closed]

I'm looking to open a long term savings account, something to regularly put money into but not withdraw. I can't find an ISA or regular savings account which pays more than 1.5% and investment ...
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1 vote
1 answer
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Lifetime ISA, Cash ISA

I'm planning to get my first home next year and thinking to open a lifetime ISA account. Can someone advise on these things please, still not quite sure: Is there any minimum amount of money to ...
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Claiming UK benefits with a SIPP/ISA

I am ask for a friend, who is expecting hard times soon. My friend is not computer literate, and I know nothing of the UK benefits system. The best information I can find is How do savings and lump ...
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Which is suitable for people with low/midrate income: ISA, LISA, Marcus?

I'm thinking of creating a small rainy day fund, I've seen some of the products and services banks offer, be it ISA accounts with average interest rates, LISA for potential home owners and the new ...
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UK ISA buying US stocks

I was wondering how stamp duty and tax works with buying and selling international stocks e.g. US companies. I currently don't get charged stamp duty when buying US stocks with my broker and have not ...
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Cash ISA restrictions in the UK

I'm trying to understand the restrictions on putting money into cash ISAs in the UK. Currently, the government homepage says "Every tax year you can put money into one of each kind of ISA. The ...
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6 votes
1 answer
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Do I need to get a mortgage when using the Lifetime ISA?

I am using the Lifetime ISA and was wondering if it's possible to use the money to buy a first home without getting a mortgage at all. For example, if I have enough money in the LISA, perhaps together ...
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UK first-time home buyer government programs - ISA

I am currently looking for my first house to buy. I looked at https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/, The Help to Buy ISA had been closed to new accounts at midnight on 30 ...
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Questions on Index fund dividends

I wanted to ask a few questions regarding Index funds and its dividends. The questions are the following: If I decided to invest 10k into an Index fund and contribute monthly around 100-200 and ...
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0 votes
1 answer
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Apply the UK ISA tax relief to investments I hold in my home country

I'm Spanish but I work and live in the UK, therefore my the latter is my tax residence. I want to start investing from my home country to avoid problems if I leave the UK (frozen accounts and the ...
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Investment (long-term) plan for an expat [closed]

I want to open an ISA in the UK with Vanguard, however I'm not thinking in staying in this country for the long term (maximum another two/two-and-a-half years). This makes me thing that probably it's ...
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2 votes
2 answers
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Comparison of tax benefits in ISAs and pensions schemes in the UK

I'm reading about pension schemes in general, and in the UK in particular. I think I have understood how the tax relief works, still I'm not sure. Given this quote I have found: If you are a basic ...
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1 vote
2 answers
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UK First time buyer- offer accepted on house: Should I reduce offer due to coronavirus?

I live & work in the UK. A few weeks ago, I had a verbal offer accepted on a house (I am a first time buyer). I had initially offered a bit lower than the asking price, that offer was rejected, ...
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2 votes
2 answers
377 views

Can I open and pay into both cash Lifetime ISA and Stocks and Shares LISA in the same year?

I have a stocks and shares LISA but as I might want to use the funds in not too distant future I would like to lower the risk of losing a significant portion of the money by also putting some money ...
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Innovative finance ISA

I have an emergency fund I am happy with and a Stocks and Shares Lifetime ISA where I am saving up for a house. As I am going to be going into my last year of university I was researching higher ...
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4 votes
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Lifetime ISA with small stake in an overseas home

I have been using a Lifetime ISA to save towards a deposit on the purchase of my first home. Recently, I inherited a 12.5% share of the house in Germany in which my father currently lives. The rules ...
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3 votes
1 answer
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When buying funds in an ISA, who counts as "the institution" under the FSCS - the fund manager or the ISA provider?

I understand that investments are covered under the Financial Services Compensation Scheme (FSCS) up to £85,000 per institution. If I have a stocks and shares ISA with a broker (eg: Cavendish Online) ...
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5 votes
2 answers
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Can the Lifetime ISA stop me getting benefits?

I'm fully employed as a software developer but if I lose my job, would the money in a Lifetime ISA put me over the threshold to receive benefits and have my national insurance contributions covered? I ...
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2 votes
2 answers
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Is the UK ISA's tax relief applied to ETFs that hold stocks of non British companies?

Is the ISA's tax relief applied to ETFs like VUSA (S&P 500 index tracker), which holds stocks of countries other than the UK?
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5 votes
1 answer
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Lifetime ISA Eligibility

I am a director of a Limited company (SPV) which owns an investment property on a Limited Company Buy to Let. I am one of four directors, other directors are parents and sibling. I don't own a ...
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6 votes
3 answers
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What is the difference between these 2 S&P500 tracking iShare ETFs?

Relevance of the following discussion How can a investor from the UK invest in the S&P500 without being exposed to currency risk? There are at least the following two low cost ETFs. If I had ...
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2 votes
1 answer
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Does the UK life time ISA bonus increase with inflation?

If I contribute £4k, the government will contribute a £1k bonus. If in 5 years £4.4k has the same relative value as 4k does now (based on inflation), would I be able to pay in £4.4k and get £1.1k, ...
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6 votes
1 answer
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Protection against loss of investments if a fund provider fails

What would happen to my pension or ISA investment in a fund (such as Vanguard LifeStrategy 60) if the provider of that fund failed and went out of business? I understand that FSCS protects against ...
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Invest in Motley Fool 100 through UK ISA?

Is it possible to invest on a Motley Fool 100 based index through a UK ISA?
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UK shares Investment advice

Having read the Motley Fool UK Investment guide many years ago, I have invested in various index trackers through ISA over the years and am very happy with this. However... I just read the (US) ...
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3 votes
2 answers
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Stocks and Shares ISA: fees, taxes, portfolio size

Is an ISA of this kind worth it for a portfolio < £2000? If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
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2 votes
1 answer
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Can I use LISA bonus with a Help To Buy equity loan if the property is worth more than £450k?

I'm looking to buy a flat in London. I'd had a Lifetime ISA for 2 years which I've maxed out both times (~£10k). I'm also looking to get a Help to Buy equity loan, probably for the maximum of 40%, ...
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4 votes
3 answers
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What happens when I move my ISAs?

I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around. For simplicity let's assume that ISA allowance is ...
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Does it make sense to take dividends for a director paying higher rate tax to invest in ISA?

Assuming: I am an LTD director I reach the higher tax band (32.5%) for dividends to cover my living expenses Does it make financial sense to declare higher dividends (taxed in my hands at 32.5%) to ...
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2 votes
2 answers
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How closely tied are UK Stocks & Shares ISAs to the value of the Pound?

I have some savings in a Stocks & Shares ISA. Let's suppose that something is going to happen in the next six months which will cause the value of the Pound to plummet. Will I see the value of ...
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1 answer
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Help in understanding the limitations of new ISA opening/transfers

Apologies for a non-specific question - I found it impossible to express it within the 150 character limit. I have paid some money to my old Cash ISA this year already. I want to open a new one and ...
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Can I open a Help to Buy ISA, transferring a part of my existing Cash ISA, if I paid a small sum of money into that Cash ISA in this tax year?

I am aware that opening a new Help to Buy ISA is not possible when subscribing to another Cash ISA in the same cash year. On the other hand I've read that ISA transfers are not subject to this limit ...
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4 votes
1 answer
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Does it make sense to invest in multiple index funds?

The UK based investor here. I haven't found anything under "Multiple index funds" search criteria thus decided to give it a go, if there is already a similar question/answer would love to get a link. ...
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3 votes
1 answer
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I make monthly payments into one ISA, does that mean that I can't pay into my other one in same year?

I was just reading that (in the UK) you can only pay into one of your owned ISAs per year. I have a Help To Buy ISA and a separate Stocks & Shares ISA. I pay the maximum contribution of £200 into ...
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3 votes
2 answers
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Can I open a cash ISA and a stocks and shares ISA and invest in both in the same financial year?

I was wondering if that is possible because I am about to open a Cash ISA and I also want to invest in stocks this year.
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