Help to Buy and Stocks and Shares

TK95

Hi all,

I’m new to investing money. In 2019 I created a ‘help to buy’ isa with the max £1000 and have been depositing £200 ever since.
1). I’ve checked online and I think I can open a stocks and shares isa even though I am paying into that as it is a separate type?
2). Like I said, new to investing and was going to start on Trading 212. Do I open a ISA account there or where do I open a stocks and shares ISA? For eg. Would I move any money made from Trading 212 Stocks and shares isa to a bank account or is that alone an isa account?

Thanks for supporting,
T

Alexland

TK95 said:

1). I’ve checked online and I think I can open a stocks and shares isa even though I am paying into that as it is a separate type?

Yes you can add new money into one of each of the 4 types of ISA each tax year - Cash ISA, S&S ISA, Lifetime ISA (in cash or s&s) and IFISA (P2P). Your HTB ISA is a type of Cash ISA so that leaves the other 3 available to you (assuming you are under 40 for opening a LISA and you can only use either the HTB ISA or LISA with bonus towards a qualifying first property purchase):

https://www.gov.uk/individual-savings-accounts

TK95 said:

2). Like I said, new to investing and was going to start on Trading 212. Do I open a ISA account there or where do I open a stocks and shares ISA? For eg. Would I move any money made from Trading 212 Stocks and shares isa to a bank account or is that alone an isa account?

You would open the S&S ISA with the platform you choose (such as T212, Vanguard, etc) and contribute cash into it from your bank account. Once the cash is in the S&S ISA account then you would click buttons to invest it into the markets. The money made from the investments (such as dividends or proceeds of sale) would remain in the S&S ISA account unless you chose to withdraw it back to your bank account. If you are in the accumulation phase of life then you would generally reinvest any dividends and let the capital grow over time.

eskbanker

Just to add to the above, if you're saving for a first time property purchase, is it wise to be investing in parallel?  The activities aren't entirely mutually exclusive but if you concentrated on funding the property purchase, without risking your capital, you'd probably be quicker onto the property ladder, or is that just a long term ambition?

Ian19

I wish to invest in a stocks and shares ISA. How do I go about comparing the different investment portfolios in order to choose the best performing ISA's and their respective costs?

eskbanker

Ian19 said:

I wish to invest in a stocks and shares ISA. How do I go about comparing the different investment portfolios in order to choose the best performing ISA's and their respective costs?

You'd be better reading up on newbie investor threads (e.g. this one) to learn the important distinction between the ISA wrapper and the investments bought within it, but if you still have questions after that then you should start your own thread rather than hijacking someone else's....