We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Isa max... What happens
Options
DrewJW
Posts: 3 Newbie
If your allowance of 20k is invested in a S&S isa in one hit, what happens to dividend payments.
Are they taxed?
I. E. The value is greater than the 20k...
Probably a silly question to most but I'm not you!
Are they taxed?
I. E. The value is greater than the 20k...
Probably a silly question to most but I'm not you!
0
Comments
-
Dividends/changes in value of the investments held in the ISA don't affect your ISA allowance. What matters is how much you physically pay in each financial year, so paying in £20k in one hit uses up the allowance for that year. As you don't pay in the dividends then they don't count
0 -
It is a contribution allowance. Not a valuation allowance.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
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards