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Stocks/Shares ISA Consideration Figure
in ISAs & tax-free savings
10 replies 1.1K views
I have recently sold HSBC Ord shares and invested proceeds in to a HSBC Stocks and Shares ISA. I wish to make a further small cash payment in to the ISA to protect my current interest rate. However I am stopped from doing this as the Bank states I have fully used my allowance for this year as associated charges of £110 have been treated as part of my annual subscription. I have always understood that when calculating tax due on stocks/shares profits etc the appropriate figure is nett of fees/charges. Does anyone know if the Bank interpretation is correct ???
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