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can an unemployed person have stocks and shares ISA?
user1168934
Posts: 565 Forumite
I am working full time and have a stocks and shares ISA but my provider does not deal with some open ended investment funds. I was wondering if my wife can open a stocks and shares ISA. She is not employed, has never worked in the UK. She has a UK NI number and normal current accounts etc.
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Comments
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I can't see why not.0
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Of course, no employment or income is needed. I used to spread my ISA'able shares between myself and my wife in order to double my ISA holdings.0
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Thanks guys I just wasn't sure if this was legal or not. Cheers.Marriage is hard. Divorce is hard. Choose your hard.
Obesity is hard. Being fit is hard. Choose your hard.
Being in debt is hard. Being financially disciplined is hard. Choose your hard.
Communication is hard. Not communicating is hard. Choose your hard.
Life will never be easy. It will always be hard. But you can choose your hard.0 -
You just needed to check or read even, the terms and conditions of whichever product you were considering.
As far as I recall there is no mention of these products being banned from the unemployed.
Good luck fj0 -
The ISA rules state that a person must be over 18 and resident in the UK to open an S&S ISA. Nothing is mentioned about employment.
https://www.gov.uk/individual-savings-accounts/overview0
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