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limits on shares

joebob · 2015-07-06 15:39:05

I have £9500 invested in my shares portfolio i am thinking of buying £5000 more. Is there a limit in value you can have before paying tax.

Comments

jimjames Posts: 19,134 Forumite

7 July 2015 at 12:08PM

dunstonh wrote: »

In which case, you may want to consider using some of your allowance in a S&S ISA then as you can do better with a normal savings account a lot of the time.

Absolutely.

In the current climate I can't see any reason why anyone would put cash in an ISA and keep S&S outside one.

Inside ISA you are protected from income tax and capital gains on shares. For savings you only save the tiny amount of income tax on the paltry interest payments.

Remember the saying: if it looks too good to be true it almost certainly is.
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