What is an ISA and when should you use one? Individual Savings Accounts are really important products or ‘wrappers’. Once you understand how they work and the tax advantages of using them, they can be a really useful tool for building your wealth into the future.
Get 1% cashback on all ISA deposits throughout the 23/24 tax year: https://www.trading212.com/isa
The offer is valid for new clients who sign up before the end of April 2023. Conditions apply.
⏳ Timestamps ⏳
0:00 – Intro
1:21 – What is an ISA?
1:58 – What taxes can you save?
4:14 – The different types of ISAs available
5:26 – An introduction to the T212 Stocks and Shares ISA
6:23 – How much can you put in an ISA (The ISA Allowance)
8:41 – Withdrawals
9:43 – Transferring ISAs
10:39 – Trading 212’s New ISA Offer!
Our Investing 101 series covers the fundamentals of investing and tries to bring you the basics to build a solid foundation. Let us know in the comments about future topics you would like to see covered in these videos.
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Tom’s personal YouTube channel: @ThatFinanceShow
#ISA #Stocks #Investing #Investing101 #Trading212 #Trading #Equities
As with all investments, your capital is at risk. Investments can rise and fall, and you may get back less than you invested.
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.
can we open an ISA account at Trading 212?
Yes, you can open an ISA account with us via the mobile and web app.
uk taxes are ridiculous.
It’s corrupt
Its not just the UK :/
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.
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.
@Trading 212 Thanks for this information.
You’re welcome 🙌
@Carey’s clips This means “Yes”
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 👌