ISA provider for NASDAQ listed company 4 October 2021 at 12:53PM in ISAs & tax-free savings 3 replies 42 views

Paolo84

Hello to the community

I'd like to buy some shares of a NASDAQ listed company using a small portion of my ISA allowance. 
This would be a one-off thing for me, I'm not looking to regularly buy and sell shares and I'm planning to keep these shares for several years.
What ISA provider you think I should be looking into for this? Like, I'm ok to pay a one off transaction fee, but I would prefer no recurring expenses
Thanks

masonic

Trading212 might be worth a look for a small portion of your allowance. Check they offer what you wish to hold as they don't list everything. Presumably you are aware about the ISA rules about paying into multiple ISAs of the same type?

Paolo84

Thanks for that, it looks like they have the one I want. I can only invest in one stock&share ISA per year, right? I already did, so I have to check if they let me open an account without any money and then transfer some cash ISA I have, or wait April...

grumiofoundation

Paolo84 said:

Thanks for that, it looks like they have the one I want. I can only invest in one stock&share ISA per year, right? I already did, so I have to check if they let me open an account without any money and then transfer some cash ISA I have, or wait April...

If it is a previous tax years cash ISA you should be able to do so.

Waiting until April 2023 to invest in a single stock would seem an odd plan.  Said company, which you presumably think is good value now, may no longer be (as) good value then?

As you are only planning to use a 'small portion' of 20k (<2k?) you could just buy outside ISA wrapper.

You would only be required to pay capital gains tax in the event you dispose of enough shares in a given tax year to realise a 12k capital gain. Which in the event you have that problem you will have made an absolute killing.