We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stocks and Shares ISA ?
Noonoosdad
Posts: 13 Forumite
Hi Folks,
Just wanted to know what Others think about ' Stocks and Shares ISA ' - These have been featured on the BT Yahoo Webpage this morning
Just wanted to know what Others think about ' Stocks and Shares ISA ' - These have been featured on the BT Yahoo Webpage this morning
0
Comments
-
Hi,
I'm not sure exactly what you want to know about stocks and share ISAs. However, here is some general information.
Stocks and share ISAs are simply wrappers, into which you can slot certain investments like individual shares, or investment funds. The concept is fairly straightforward, although the underlying investments or funds may not be. Essentially, all growth and income is tax-free, and you can put in as much as £10,200 per person, per tax year.
The wrapper is a great way to save tax-free for the medium to long term, so there is nothing to criticise about that. Perhaps criticism may be levelled at individual products?
I would post a link to my blog on ISA rules, but I'm not allowed to do so as a new user!Dan Woodruff
Certified Financial Planner
Woodruff Financial Planning0 -
Noonoosdad wrote: »Hi Folks,
Just wanted to know what Others think about ' Stocks and Shares ISA ' - These have been featured on the BT Yahoo Webpage this morning
Why don't you read some of the many threads on the dedicated ISA Forum ..... link directly above this forum?If you want to test the depth of the water .........don't use both feet !0 -
Just wanted to know what Others think about ' Stocks and Shares ISA '
A tax wrapper that can contain around 50,000 different types of investments and an infinite number of variations.
Your question is a bit asking what we think of a bucket or a shopping trolley. The container has a few advantages but more important is what you put in the container. Of course, any decent article would cover this.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Income is not actually tax free; but it doesn't have to be declared & there is no more tax to pay and ASFAIK the tax credit can't be reclaimed.Hi,
I'm not sure exactly what you want to know about stocks and share ISAs. However, here is some general information.
Essentially, all growth and income is tax-free, and you can put in as much as £10,200 per person, per tax year.0 -
Income is not actually tax free; but it doesn't have to be declared & there is no more tax to pay and ASFAIK the tax credit can't be reclaimed.
On equities yes. But on interest it can be reclaimed. So, fixed interest securities are often best placed in the ISA (if you have wrapped and unwrapped investments)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards