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  • FIRST POST
    • LadyMar
    • By LadyMar 12th Mar 17, 10:40 AM
    • 1Posts
    • 0Thanks
    LadyMar
    Now retired, minimum pension/income...do ISAs still make sense?
    • #1
    • 12th Mar 17, 10:40 AM
    Now retired, minimum pension/income...do ISAs still make sense? 12th Mar 17 at 10:40 AM
    Three Qs:
    If your income is below 11,100 after retirement:
    !: Wouldn't it be better to move the ISAs investment into my stocks and shares portfolio?
    2. Re. the tax paid on my portfolio earnings....can I claim this back?
    3. My portfolio is with Zurich, any feedback welcome.
Page 1
    • masonic
    • By masonic 12th Mar 17, 10:46 AM
    • 8,771 Posts
    • 5,897 Thanks
    masonic
    • #2
    • 12th Mar 17, 10:46 AM
    • #2
    • 12th Mar 17, 10:46 AM
    Leaving investments in your ISA will do you no harm and your tax situation may change in the future.

    What tax has been paid on your portfolio earnings?
    • Hattie625
    • By Hattie625 12th Mar 17, 11:01 AM
    • 488 Posts
    • 354 Thanks
    Hattie625
    • #3
    • 12th Mar 17, 11:01 AM
    • #3
    • 12th Mar 17, 11:01 AM
    Three Qs:
    If your income is below 11,100 after retirement:
    !: Wouldn't it be better to move the ISAs investment into my stocks and shares portfolio?
    2. Re. the tax paid on my portfolio earnings....can I claim this back?
    3. My portfolio is with Zurich, any feedback welcome.
    Originally posted by LadyMar
    Not sure that I understand your point 2.

    Interest earned on fixed interest securites (government bonds, corporate bonds etc) held outwith an ISA is now paid without deduction of tax (from 6 April 2016). No-one pays tax on the first £1000 of gross interest earned per tax year. Whether you pay tax on any interest over £1000 depends on your total income. Dividends on equity investments held outwith an ISA are tax-free up to £5000 per tax year (from 6 April 2016) [to reduce to £2000 per tax year from 2018/19}
    • Keep pedalling
    • By Keep pedalling 12th Mar 17, 3:07 PM
    • 2,700 Posts
    • 2,840 Thanks
    Keep pedalling
    • #4
    • 12th Mar 17, 3:07 PM
    • #4
    • 12th Mar 17, 3:07 PM
    Cash ISAs have been a waste if time for many years even for tax payers, but why is your S&S portpholio not in an ISA?
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