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General investment accounts
Reg_Smeeton
Posts: 181 Forumite
Hi all,
I’m looking to open a GIA at Investengine to qualify for a cashback offer. I’ll only be funding with the minimum to qualify for the cashback (£100) and will likely invest in a tracker ETF. Will this very small investment generate any time consuming paperwork, eg: will I have to complete a self assessment (I don’t currently as employed PAYE and all other investments wrapped)?
MTIA
I’m looking to open a GIA at Investengine to qualify for a cashback offer. I’ll only be funding with the minimum to qualify for the cashback (£100) and will likely invest in a tracker ETF. Will this very small investment generate any time consuming paperwork, eg: will I have to complete a self assessment (I don’t currently as employed PAYE and all other investments wrapped)?
MTIA
Save £12k in 2020 #42 £12,551.25 / £14,000 89.65%
0
Comments
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I very much doubt it.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone1 -
Almost certainly not on £100 unless you are right on the edge with other dividends and capital gains
1 -
As others have said, each year you have a quite generous capital gains and dividends allowance, so should be fine.0
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