Best Stocks & Shares ISA 2024 - Make The Smart Choice!

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  • Опубликовано: 14 май 2024
  • In this video, I share what I think are the best Stocks & Shares ISA accounts in the UK. There are a lot of options to choose from, but I go through the best options whether you want to invest in index funds or pick stocks yourself.
    These are the brokers I cover in the video:
    1. INTERACTIVE BROKERS
    bit.ly/ibkr-sasha
    This is an affiliate link.
    2. INVEST ENGINE - WELCOME BONUS UP TO £50
    bit.ly/invest-engine
    Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine (T&Cs apply). This is an affiliate link.
    3. TRADING 212 - FREE STOCK WORTH UP TO £100
    www.trading212.com/promocodes...
    You need to open an account and make a deposit. This is an affiliate link.
    4. VANGUARD
    www.vanguardinvestor.co.uk/
    This is not an affiliate link.
    ☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE
    / sashayanshin
    Timestamps
    00:00 - Best Stocks & Shares ISA
    00:18 - Why You Need An ISA
    01:16 - Choosing The Best ISA
    02:18 - Most ISAs Are Rubbish
    03:34 - Best Available ISAs
    03:56 - Best ISA for Index Funds
    04:41 - ISA Provider Reputation
    05:24 - Best ISA For Stocks
    06:11 - Interactive Brokers
    07:07 - Trading 212
    08:46 - Pros and Cons
    10:28 - Most Important Thing
    DISCLAIMER: Your capital is at risk.
    DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
    DISCLAIMER: InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128).
    DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise.
    DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

Комментарии • 604

  • @bartoszbrown1322
    @bartoszbrown1322 Месяц назад +1

    Thank you! I am at the start of the journey and this is 100% what I needed.

  • @LB-W
    @LB-W 2 месяца назад +2

    Good man for being upfront with your associations 👌 you have developed your channel considerably. It’s wonderful to watch how it has grown.

  • @jamesmarchant5837
    @jamesmarchant5837 3 месяца назад +5

    I use plum for most of my investing. Including s&s isa. Interest accounts and bonds account

  • @mattdevenish83
    @mattdevenish83 3 месяца назад +4

    I was going to ask for this video! I never saw it coming 👍🏼👍🏼👍🏼

  • @user-zf3it3vw2e
    @user-zf3it3vw2e 3 месяца назад

    was very helpful
    Thank you

  • @julianweekes
    @julianweekes 3 месяца назад +4

    Good one Sasha.... love your approach. Keep 'em coming. Cheers :)

  • @keval.p
    @keval.p 3 месяца назад +1

    thanks Sasha 🙏extremely helpful

  • @AgrimGanti
    @AgrimGanti 3 месяца назад +4

    Thank you! Super informative! :)

  • @ObediahWashe
    @ObediahWashe 3 месяца назад +98

    Just to add. From April 2024 I believe there might be a change where you are allowed to pay into more than 1 stocks & shares ISA in a tax year.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +33

      Let's hope!

    • @beancount811
      @beancount811 3 месяца назад +28

      Yes, let's hope this sticks. This is the most obvious ISA change that's been long overdue. If implemented, it'll really start driving competition up, and fees down.

    • @scottysrunningworld
      @scottysrunningworld 3 месяца назад +7

      This is correct

    • @shadowthi3f421
      @shadowthi3f421 3 месяца назад +2

      Yes indeed, looking forward to this.

    • @gavjlewis
      @gavjlewis 3 месяца назад +2

      Hopefully there will be some good offers come April like extra cash or free shares so can use an ISA for fun money.

  • @travelandrew
    @travelandrew 3 месяца назад +8

    Been waiting for this. Thank you 🙏

  • @mitreamarian9815
    @mitreamarian9815 3 месяца назад

    @SashaYanshin Another very well explanatory piece of information, well done kind sir!
    Q: Can you transfer your existing shares from IB into IB S&S ISA without selling them?

  • @88doonyboy88
    @88doonyboy88 3 месяца назад

    This is brilliant info. Thank you

  • @HiImStefan5
    @HiImStefan5 3 месяца назад +1

    Great video Sasha, all the best man!

  • @PaulB__
    @PaulB__ 3 месяца назад +2

    Excellent points Sasha. Now that the Q4 results of Tesla is out, we are eager to hear your thoughts on the data.

  • @SchubertDipDab
    @SchubertDipDab 3 месяца назад +12

    Great timing and thanks for this video as I'm just starting to move my (underwhelming and actively managed - doh) investments over to join my existing Vanguard funds.
    I am not clever, and I am not going to beat everyone else with some complex strategy that's been pulled out of my arse (or anyone else's for that matter!) - That's what I learned from this channel! :)

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +3

      Glad that you’re finding the channel helpful! Thanks for the support and good lick with the transfer. I have a funny feeling you will be breathing a sigh of relief when it’s done. 👍

  • @abdulhamid9605
    @abdulhamid9605 3 месяца назад

    Great video, thank you Sasha! Just wanted to ask, what are your thoughts on Stocks and Shares LISAs? Specifically with regards to any advice which provider to go to or how to decide? and Using S&S LISA vs Cash LISA? Thanks :)

  • @master0fnone
    @master0fnone 3 месяца назад +7

    Perfect timing! Been looking for a specifc ISA and which provider to use! Thank you :)

  • @bhoolondon291
    @bhoolondon291 3 месяца назад

    Brill! Awaiting for this clear explanation. +1 Sub👍🏼

  • @dannycurtin6654
    @dannycurtin6654 3 месяца назад +7

    Another good video from Sasha, would you do a similar video for a SIPP😊

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +2

      Unfortunately there really aren't any good options available for SIPP which is incredibly frustrating. I'm hoping this changes in the next year.

  • @ileshpatel
    @ileshpatel Месяц назад

    What an honest man ❤

  • @squeaky_honda
    @squeaky_honda 3 месяца назад +4

    Note that you can also transfer ISAs to other companies. So, if you make a mistake, you are not stuck forever with an expensive company. Usually the transfer requires that you've sold the shares already.
    Some companies also allow you to borrow from your £20k temporarily as if it's a cash savings-account, and you can return that money before the end of the financial year.

    • @joannalis-kumar4627
      @joannalis-kumar4627 2 месяца назад

      So if someone makes a mistake like this, should they make a transfer or they can sell the shares and can withdraw money to their bank account and then deposit into the desired one? Is there any penalty for not doing it the right way, and what even is the right way?

    • @squeaky_honda
      @squeaky_honda 2 месяца назад

      @@joannalis-kumar4627 Sell all the shares inside the old ISA, you'll now have £20k cash in the old ISA. Then start the process of transferring that ISA to another company.
      Absolutely do not withdraw from the old ISA, it will complicate things. If the old ISA was created in this financial-year, it might be fine. But if the ISA was created a long time ago, you now have a dud with a new max-£1 ISA instead of a max-£20k ISA.

  • @davegg1381
    @davegg1381 2 месяца назад

    Great video, thank you! I'm curious, if I were to relocate indefinitely to another country, would I still be able to keep my ISA account open and allow my investments to grow tax-free? Perhaps not making further deposits, but simply leaving the funds already invested to be withdrawn at a later time.

  • @dar4171
    @dar4171 3 месяца назад +1

    Great video Sasha. Thanks!

  • @kaxar6954
    @kaxar6954 3 месяца назад

    I am waiting for April 2024 to open a new DIY stocks and shares ISA just for Dividend Growth investments. My current stocks and shares is managed through a robo advisor since 2017. Right now I am focus on research to find 20 - 25 companies trading in the UK.

  • @adampeter2528
    @adampeter2528 3 месяца назад +1

    Thank you Sasha! Very informative! Very happy to use your link as well as I like very much your transparency comparing with some other guys out there, so very glad came across this channel.
    Ps. Q: Can I open new ISA acc for New year with new provider or do I have to move money from existing provider to New? Thanks a lot!

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      Thanks for watching an the kind words!
      You can open a new ISA from 6 April (new financial year) and you can choose what to do with your old one. You are allowed to keep it and buy/sell/reinvest the money already in there.
      But if you open a new one and start paying into that, you just can't add any more money to the old one.
      You can also choose to move it across if you wish - that's really up to you!

  • @raymondotterbine
    @raymondotterbine 3 месяца назад +8

    Sasha is one of the few people on youtube with integrity.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Thank you so much - doing my best!

  • @rutabah9470
    @rutabah9470 2 месяца назад

    Great video! Thanks you. If we open stock ISA with suppose interactive investor with 20, 000 this financial year can we invest another 20,000 next year which will be tax free? Or do we have to open a new account?

  • @djfunkyjoe8215
    @djfunkyjoe8215 3 месяца назад +1

    very good ,informative, and straight to the point video.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      🙏 Thank you!

    • @rfxtuber
      @rfxtuber 3 месяца назад

      @@SashaYanshin Got my attention too sasha... very very good...

  • @stevo728822
    @stevo728822 3 месяца назад +11

    There's more to it than just these fees. There's also the bid offer spread you are offered when purchasing and selling. One platform may be free to trade whilst another may incur a charge, but that doesn't mean the price you pay for the ETF or stock is the same on both platforms. It's possible that free trading costs may be recouped by a larger bid offer spread on the platform. Traditionally, the bigger the broker, the narrower the bid offer spread.

    • @ironsoul2633
      @ironsoul2633 3 месяца назад

      Exactly. Well said

    • @jam99
      @jam99 3 месяца назад

      There is also the question of how competent the platform is and how easy is it to talk to someone to get it sorted? IB would be bottom of the list there. Besides, Sasha hasn't looked at fees fully e.g. regular investing and capped custody charge.

    • @thegoolian1010
      @thegoolian1010 2 месяца назад

      @@jam99Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
      Say for example £200/month put into stocks and shares isa and invested into 1-2 index funds.
      And is there a simple way of explaining how to work this out please, just trying to wrap my head around it all before I make the choice. Thanks!

    • @fredatlas4396
      @fredatlas4396 23 дня назад

      How would bigger bid, offer spreads benefit the platforn. You can purchase Vanguard etfs on their own platform without dealing costs, just not in real time. The same applies to investengine, no dealing costs but you can't buy in real time, but deals go thru just like when buying, selling normal funds.

  • @david2023travel
    @david2023travel 3 месяца назад +1

    I dont live in uk but i love his videos... Informative and funny 👍

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      This one in particular must have been pretty dull if you're not based in the UK! :))))

  • @k0023382
    @k0023382 3 месяца назад

    Sasha, great info. I wonder if you tell us if any of theses offer the "flexi" ISA feature or ISA flexibility, whatever it is called. Rgds

    • @adrianl5899
      @adrianl5899 3 месяца назад +1

      Vanguard is flexible, according to their website. This should be answerable on their websites or by customer service.

  • @asafnb
    @asafnb 3 месяца назад +2

    Thanks Sasha great content as always! can I transfer my ISA in Freetrade to Interactive? just will be easier for me to manage everything in one place.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +2

      You can, but you don't have to. You can keep the old one running if you don't want to move it. If you do move, it can take a little bit of time and Freetrade will charge you fees (think it's £17 per position for US stocks), but might be cheaper than paying the monthly fees.

  • @gkirts
    @gkirts 3 месяца назад +17

    I would be very interested to see a video of what happens if a broker goes bankrupt. Everyone knows that we are covered up to 85k but what happens to the rest of the money in an ISA and what happens to the money in a GIA and what difference does it make between holding stocks vs having cash in that account when over the 85k limit. Good videos as usual :)

    • @sethanith3181
      @sethanith3181 3 месяца назад +1

      And also what happens to the fund? I.e. if Vanguard went bust…

    • @claonaite
      @claonaite 3 месяца назад +7

      I had this happen to me and the part no one mentions is the time it takes to sort out. It took about a year to get access to my shares again, and the FCA moved them to a broker who was so incompetent that accessing them probably took the same again. I have no idea how much money I might have lost not being able to sell during that. I'm happy to pay high HL fees now to avoid that kind of hassle again

    • @Anon-nv7bp
      @Anon-nv7bp 3 месяца назад +1

      @@claonaite which broker?

    • @britainsfirstcoins
      @britainsfirstcoins 3 месяца назад

      @@Anon-nv7bp SVS Securities. I got notified on the 24/Aug/2019 that they had gone into special administration, and my funds were transferred to ITI Captial on the 13/July/2020. I had lots of problems with them getting an account set up and being able to do anything with it, and these were never resolved. In July 2022 they decided to exit the UK so I transferred to HL, and that took until October 2022 to sort out. HL were fantastic, but ITI were incompetent. I think they really overreached themself when they took on the SVS business, and they just couldn't cope. I'm done with "cheap" brokers. They are cheap for a reason. If I had needed that money at any point between Aug 2019 and Oct 2022, or if I wanted to sell any shares, I couldn't have.

  • @James-er4si
    @James-er4si 3 месяца назад +2

    Hi Sasha, great video as always.
    If you transfer to a different ISA provider mid way through the year, can you still only pay into the 1 (original) ISA? Cheers!

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      Good question! You can transfer mid year but the rules are you have to transfer everything you invested in that year across. With stocks it can be complex if you have prior years and you don’t want to transfer those. Many brokers will ask if you already paid into the same type of ISA when you sign up and not let you open an account if you did - presumably don’t want to deal with the process.

  • @mohlini1
    @mohlini1 3 месяца назад

    thanks Sasha

  • @chqshaitan1
    @chqshaitan1 3 месяца назад +4

    Great video, you are one of the top 5 finance youtube guys, keep up the great work

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Really appreciate the flattering comment!

    • @connordarnbrough6284
      @connordarnbrough6284 3 месяца назад

      I agree, but i'm curious as to who else you think is top 5? i really like Damien talks money and Toby Newbatt...

    • @barnoluk9272
      @barnoluk9272 3 месяца назад

      @@connordarnbrough6284totally agree on all 3. I like Sasha much much more since the clickbait title days. He’s incredibly credible and always on the money but I ignored his vids for a long time because of that

    • @gavjlewis
      @gavjlewis 3 месяца назад

      @@connordarnbrough6284 Ramin (Pensioncraft) if you want to learn how stuff works. Pete (Meaningful Money) for people who need a more basic understanding.

  • @enochagyepong9349
    @enochagyepong9349 3 месяца назад

    Hi Sasha, Many thanks for all your good and useful information. It would be good to present a video that compares BTL investment against a stock and shares ISA

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Thanks! Not sure how to really compare these - very different beasts, entirely different asset classes with different pros and cons.

  • @danilocampolo4498
    @danilocampolo4498 3 месяца назад +21

    Thanks Sasha. Could please do 2 further videos, one for best LISA providers and one for best SIPP providers?

  • @Akashmash
    @Akashmash 3 месяца назад +4

    So weird I was doing research on this. Lo and behold!

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      Well there you go!

    • @Akashmash
      @Akashmash 3 месяца назад +1

      @@SashaYanshin thanks for the information as always!

  • @vs9108
    @vs9108 Месяц назад

    Thanks Sasha I didnt know we can still buy and sell stocks from other isa ! even if we dont contribute to it within Tax year good info

  • @tapakali
    @tapakali 3 месяца назад +5

    Thanks for the video. If we use an ISA account, do we need to send any info or reports (monthly/yearly) to HMRC or other government institutions?

  • @rikyd
    @rikyd 3 месяца назад +1

    Thanks for this. It would be good for you to briefly cover the process of swapping ISA providers.. is it simple? do you have to liquidate your entire portfolio if swapping from HL to T212 for example or if all same holdings offered by T212 can you just swap the portfolio and holdings over directly?

    • @adrianl5899
      @adrianl5899 3 месяца назад

      T212 do not offer in-specie transfers in, only offer cash transfers in. So you would have to sell, incur any costs and be out of the market.

  • @jacobhill357
    @jacobhill357 3 месяца назад +1

    Sasha huge fan of your work mate and really thankful for all the hard work you put in to your videos, can you please give me your honest opinion on NIO stock the Chinese ev
    Kind regards

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Not gonna go into any depth, but I frankly never understood why that stock was so popular with retail investors.

  • @GerardVanPatten
    @GerardVanPatten Месяц назад

    Hi Sasha - new subscriber (and total newb) here, wondered - is it too late or or even too early (March 2024) to open a Stocks and Shares ISA with the tax year starting next month? Wondered what your thoughts were

  • @kk22383
    @kk22383 3 месяца назад

    Can you do a video on the best stocks and shares LISA?

  • @alantrunks2908
    @alantrunks2908 3 месяца назад

    Could you do a video on the best LISA of 2024?

  • @thaib7226
    @thaib7226 2 месяца назад

    Hey thanks for the vid, I just used your sign up link for 212. Is there a minimum to deposit to qualify for the free share? And also is it a case of the more someone deposits the better / higher the free share value would be?

  • @leecox7095
    @leecox7095 3 месяца назад +2

    Thx for your video. Would you need to open a new isa with a different company when your current one reaches 85k as it wouldn’t then be protected? Thx!

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +2

      That's for you to decide. The limit is on the guarantee only. It doesn't mean that you won't get any money/stocks back above the limit and in practice, unless there is gross misconduct (management steals your assets), they should be relatively easy to recover above the limit too.
      But at the end of the day, you need to decide for your peace of mind how you want to manage that risk.

  • @danielm6381
    @danielm6381 3 месяца назад

    Thanks Sasha always good to hear your thoughts. No love for freetrade from anyone these days it seems. Feel like im being left behind having not switched away yet.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      They are super expensive and the platform just seems to be getting worse - nowhere near the best products available today unfortunately.

    • @InfectedByEli
      @InfectedByEli 3 месяца назад +1

      I dumped most of my Freetrade investments when they started hiding good stocks behind a paywall while claiming their mission was to spread investing to the masses. Apparently, adding cash barriers helps, somehow.

  • @thegoolian1010
    @thegoolian1010 2 месяца назад

    Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
    Say for example £200/month put into stocks and shares isa and invested into a few index funds/ETFs.
    Which will incur the most charges?
    And is there a simple way of explaining how to work this out please just trying to wrap my head around it all. Thanks!

  • @Lev0702
    @Lev0702 Месяц назад

    Hey Sasha, great video. Interactive Brokers is by far my preferred choice of broker. Love the app and the desktop platform and the selections of stocks and etf's is vast. Only thing that concerns me is the £3 per trade on UK stocks as I want UK dividend stocks in my portfolio. Is it really £3 per trade and do you know does it apply to ETF's purchased through London Stock Exchange as well?

  • @acasson27
    @acasson27 3 месяца назад +1

    Great video as always! What’s your current opinion on Moneybox? I currently use for both S&S and personal pension but wondering if I should move ISA to another provider?

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      Staying or moving is really up to you.
      Moneybox is pretty expensive though and have a limited offering.
      0.45% FX is already very pricey, but there's the 0.45% platform fee on top as well as the £1 per month - it all adds up.

  • @4272005
    @4272005 3 месяца назад

    Hi Sasha, Is a SIPP comparison video a possibility?

  • @bertbile
    @bertbile Месяц назад

    Thanks for your video. I’ve just put 10k into an RBS isa for two years, also just started a SIPP with vanguard. I’d like to put say £20 a month into a stocks and shares isa over five years, can I ask your thoughts if you were in my position what would you do? Thanks.

  • @chilloutcentral2097
    @chilloutcentral2097 Месяц назад

    Fantastic video. Can you make the same video for junior ISAs please. Maybe one for junior SIPP please

  • @Casa1000
    @Casa1000 3 месяца назад +1

    Thanks for the great video Sasha. I use HL and hold both a S&S ISA and Junior S&S ISA and only ever invest via regular monthly investing in Vanguard funds (never one off trades) - I understand that by regular monthly investing by direct debit there are no transaction/trade fees, only an annual fee of 0.45%. Is this high compared to others and would you recommend switching to the Vanguard platform in the new tax year?

    • @alantrunks2908
      @alantrunks2908 3 месяца назад

      I have a S&S ISA with vanguard but have LISA with H&L due to vanguard not offering a LISA. I also went with HL for the junior ISA, as vanguard was asking for a minimum contribution of £100 per month.
      Now I feel like I may have made a mistake and fees will be eating into whatever profit made on the junior ISA.
      A video on best LISA and junior ISA would be fantastic.

    • @adrianl5899
      @adrianl5899 3 месяца назад

      ​@@alantrunks2908HL doesn't charge for JISAs - it's an excellent option for JISAs! Another big player - Fidelity - has no service fee if investing in funds within a JISA, so again is a great option.

  • @karan_not_johar
    @karan_not_johar 3 месяца назад

    Great video Sasha,
    So many comments (sorry in case my questions are already answered, hard to keep track on all comments)
    1. Any comments on Monzo ISA? I just happen to open that within week (wish should have waited)
    2. Do we have to keep 20k or less throughout financial year so we can be exempted from taxes? Is it locked in a way (I guess not and you can still withdraw anytime)
    3. Further on above point, e.g say you have 5k in ISA and you withdraw all after 3 months, (then whatever gains you may have made sure that’s tax free). Basically within financial year at some point you had 5k in ISA, does that count for HMRC self assessment filing and get leverage on taxes? (Or) you don’t get rebate because ideally you withdrew all in a given year?

    • @adrianl5899
      @adrianl5899 3 месяца назад

      1.So long as your Monzo ISA is a cash ISA, it doesn't stop you paying into a Stocks and Shares ISA before the new tax year in April (subject to the overall condition of staying within the £20k ISA deposit allowance).
      2. You can put £20k into ISAs in each tax year, all of which, while in the ISA, is exempt from tax (unless you die and there's tax on your estate -unlike pensions, ISAs are counted towards your estate). There's no ultimate limit on how large ISAs can grow. You can be an ISA millionaire, so certainly don't have to be under £20k.
      3. Firstly, if investing, you should think long term (5 years+) and not about withdrawing in the short term. When i fill my self-assessment as a self-employed person, it's not relevant what I had in my ISA (there's no tax due). However, if you withdraw from an ISA and then go on to make gains/income which needs to be declared, then that's different. But you still have some (small) allowances for CGT and dividend tax outside of ISAs anyway.
      I've tried to answer, but I appreciate I may be missing what you mean because I didn't particularly understand the final 2 questions you were asking.

  • @neilus0
    @neilus0 3 месяца назад +1

    What about flexale ISAs. I have mine with EQi and you can withdraw then reinvest your funds up to £20k in the same tax year

  • @andyasia
    @andyasia 3 месяца назад

    As I think they go hand in hand, what about a similar video for SIPPs ?

  • @tl5769
    @tl5769 Месяц назад

    Hi, great videos!! Can I check if we click on the link for the trading 212, you will be eligible for up to £100 for a share and the 1% cashback before the end of the 2023/24 tax year?

  • @aleksal9132
    @aleksal9132 22 дня назад

    Hi Sasha, that's been very helpful. Thank you. I have a question about transfers. Last year I opened shares ISA with IBKR. This year I'll put my whole allowance into T212. I have old cash ISAs from different providers which I want to transfer to last year's IBKR ISA. Is this acceptable?

  • @TheReferrer72
    @TheReferrer72 3 месяца назад +1

    Sasha has made a good video!

  • @JonnyRootsDem
    @JonnyRootsDem 3 месяца назад +1

    I use Barclays, but thinking of bouncing over to 212.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Barclays is very expensive with the monthly fees AND trade fees AND a 1% FX fee. This is insanely high compared to the leading options.

    • @user-gz2os8mi9h
      @user-gz2os8mi9h 3 месяца назад

      @@SashaYanshin Huge fan, been watching your videos for a while. Never had ISA or Pension due to ignorance. Even when I had a Limited Company, The Chartered accountants never advised me to purchase ISA or even SIPP so I missed out a lot and even paid a large amount of taxes over the years until I stopped. Now with ten years to State Pension Age, Is it worth it to purchase Stock and Shares ISA, Vanguard S & P 500 with the Hereditary factor in place so can be passed on? I joined a DB pension scheme through the workplace a few years ago but only have a four thousand pounds per year pension guaranteed for life so far. I will have the full 35 years of NI contributions by State Pension Age. My DB pension dies with me but can purchase additional pension contributions in multiples of 250s up to close to 8000 to boost my pension contributions and the employer also tops up. This will cost around £125k but without dependant cover. Trying to find a balance so I do not overpay into the additional pension contribution purchase which I intend to pay in installments for ten years. But there is no hereditary factor so if I die, the rest of the pension goes to the Employer. Since no spouse or partner, the death lump sum benefit is not applicable in my case. Nobody knows one's life expectancy. The mortgage is fully paid but would like to have an asset that I can pass on to my children who have £200k Student Finance Loans. I wonder if it is worthwhile investing in the Vanguard S&P 500 and leaving it there for at least ten years? Are there alternatives or better options for this dilemma?

  • @AA-ok8eu
    @AA-ok8eu 2 месяца назад +1

    I’m completely new to this so forgive me for the daft question but what is the best stocks and shares isa for dividends ?

  • @marcw1
    @marcw1 3 месяца назад

    Thanks Sasha, great channel, I understand if you move out of the UK abroad you cannot keep a S&S ISA, is this correct or is it just that you cannot deposit in to it any longer? If the latter would automatic reinvestment of dividends in to the same stocks / ISA be considered as a new deposit and therefore be banned please?

    • @adrianl5899
      @adrianl5899 3 месяца назад

      It can remain open. You can also transfer it to another provider.
      However, you cannot make any new subscription (ie. pay in) "after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner)."
      You must also tell the ISA provider asap that you are no longer UK resident.
      Reinvestment of dividends is not you making new deposits and is fine. If reinvestment of dividends counted as new deposits, we could never use the allowance by investing £20k - the dividends would continually take us beyond £20k.

  • @nikola-origamicreator8142
    @nikola-origamicreator8142 3 месяца назад +3

    I've been watching your channel quite some time. You helped me when I made my first investment, when everyone was talking about a market crash. Im up 10% in just 6 months, TNX for great content.

  • @foxxfoxx1000
    @foxxfoxx1000 2 месяца назад

    Hi Sasha, Say I want to trade options in IBKR but ISA doesn't offer options, only SIPP which a regular individual can't open without going through a main administrator SIPP account. Is there any way to be able to trade options and benefit from tax-free like ISA? is there a age limit that you can withdraw from ISA? Thanks.

  • @matthewparkinson7730
    @matthewparkinson7730 3 месяца назад

    Fantastic video for the UK investors.
    I just have one question which you maybe able to help me with.
    I have 2 stocks and shares ISA. 1 i pay into and 1 that has money in but I dont pay into. Can i move all the money from the one i dont pay into, into a new account (new broker such as vanguard) from my old broker (such as AJ bell) and then leave it and still pay into the other account as i have been doing?
    Example.
    Pay 12k a year into T212 ISA.
    Have 50k with AJ bell ISA.
    Move the AJ bell to vanguard and invest into say 3 ETFs.
    Dont pay into the vanguard but still pay into the T212 and have 2 ISAs.
    Hope this makes sense and any help would be greatly appreciated. Thank you.

    • @adrianl5899
      @adrianl5899 3 месяца назад

      Yes, you can. You are still only paying new money into 1 S&S ISA. The transfer of the 'old' ISA - which you are not paying into this tax year - does not count towards your £20k allowance.
      Sometimes people withdraw from an old ISA thinking it counts as a transfer if they then pay it back into to a new provider, but obviously it doesn't. Just keep it in the ISA and transfer and there's no issue.

  • @Watka-Pro
    @Watka-Pro 3 месяца назад

    Trading212 wins but will invest on IB too eventually

  • @ComputerScienceLessons
    @ComputerScienceLessons Месяц назад

    Great video. Thanks a million, but you said "...if you want to invest in UK stocks or European stocks, because I know there are going to be some people who like self inflicting pain..." You HAVE TO explain what you mean by that - please?

  • @cianog
    @cianog 3 месяца назад

    Is the trading 212 isa flexible with regards buying and selling stocks yrs after purchase?

  • @OH2023-cj9if
    @OH2023-cj9if Месяц назад

    Love the clear description. What worries me about stocks and shares ISAs is the disclaimer about you might get back less than what you pay in.
    Is ut likely I will get more in a year than the 5% I can get from a cash ISA?
    People keep giving figures from 8% to 12% in one year.
    Where can I get true info about what people make?
    I want to possibly transfer a £20K ISA to a stocks and shares ISA in 2 weeks, then leave it running for a year, but also open a new cash ISA and pay in £20K on 6th April. That will go with another transfer I have just done.

    • @OH2023-cj9if
      @OH2023-cj9if Месяц назад

      This is allowed! You can open as many ISA as you like for the purpose of transferring old ones. You can also have ISAs running in parallel. You can only pay in £20K each tax year in total, so can pay £10K in to one and £5K in to two others depending on the provider.

  • @harsimranbakhsi
    @harsimranbakhsi 2 месяца назад

    Great video
    Can I transfer a cash ISA to cashISA with the different provider in the same financial year
    Can I transfer a cash ISA to stock and share ISA with a different provider in the same year

  • @user-ic9lt9fw2d
    @user-ic9lt9fw2d Месяц назад

    Thank you, timely info.
    One question
    The Gov £85000 financial protection. Does it cover the investments in an ISA? Would it freeze the value of the stocks at the time the ISA company demised? Does it keep the shares in my name so I get them rather than turned to cash? How is fraud covered (thinking FTX in the shares market).

  • @magicburzum4048
    @magicburzum4048 3 месяца назад

    I’m on freetrade and can’t get away as I’m on red and can’t sell at a loss and trading 212 accepts only cash transfer.Do you know if in the future trading 212 is going to accept shares transfer?

  • @fintan.
    @fintan. 3 месяца назад +2

    Hi Sasha, great content as always.
    What are your thoughts on Lifetime Stocks and Shares ISA's. I'm and 18 year old accountant able to max the £4000 for the £1000 gov bonus. Provided the fees and investment options are inline with the ISA's youve talked about, is it worth?

    • @Gemok1980
      @Gemok1980 3 месяца назад +1

      More details needed, what would you be using the money for? House? Retirement? When do you want the money? Where in the country are you?
      The £450k purchase limit means the LISA is problematic already in London and that will spread across the country every year prices go up but the limit doesn't.
      General advice is to not invest with money you want in less than 5 years.

    • @fintan.
      @fintan. 3 месяца назад

      @@Gemok1980 Hi mate, born in Wimbledon, moved to Surrey for my childhood and am currently in Hampshire. Plan to use the lifetime ISA to purchase a 2-3 bedroom home in Hampshire which vary between £200K-£400k depending where, within the next 10 years. My cost of living is around a third of my income as I live with parents and I am able to max the £4000 per year and have another available £8000 a year give or take to invest. Will hopefully get to the 20k ISA limit per year in a couple years, I am wondering whats the best position before I reach the £20k ISA limit. As I plan to purchase a property within 5-10 years thats likely under the 450k limit i feel like the lifetime ISA is the better choice, especially since ive found a few providers that offer indexes stocks and bonds. Love to hear yor thoughts hopefully I've cleared a few things up.

  • @pmatthews8132
    @pmatthews8132 3 месяца назад +1

    Hey Sasha, great video as always, I have been using a Halifax S&S isa for the last 2 years putting in only a few hundred into VUAG & VWRP each month have noticed the fees are quite high, if I wanted to continue the same amount in the same index funds which platform would make sense? Not planning to touch the money for a good while I hope

    • @pmatthews8132
      @pmatthews8132 3 месяца назад

      I’m also nervous about the fees to transfer from Halifax to another but seems now would be a good time before April

    • @adrianl5899
      @adrianl5899 3 месяца назад

      ​​@@pmatthews8132 Is there actually a fee to transfer, or are you thinking you must sell (incurring trading fee) in order to transfer?;If it's the latter, so long as the new provider accepts in-specie transfers and offers the same holdings you have, you can possibly move in-specie (the investments get transferred over and you're remaining in the market). Worth asking a suitable provider if it'll potentially save you on costs for the same investments.

    • @kanefisher2913
      @kanefisher2913 2 месяца назад

      Use trading 212

  • @warmasc
    @warmasc 3 месяца назад

    Great video but what about mutual funds/ index funds fees on IBKR?

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      The fund-specific fees are the same whichever platform you use to buy the fund - has nothing to do with the broker.

    • @warmasc
      @warmasc 3 месяца назад

      @@SashaYanshin I meant the fees when buying funds instead of ETFs

  • @garymander4327
    @garymander4327 2 месяца назад

    Hi Sasha. Which is the best stock broker for in-species transfers? Does Interactive brokers or Trading 212 offer this service ?

  • @NS-pt9rr
    @NS-pt9rr 3 месяца назад +1

    You can buy limited shares in your isa with DODL, which is say AJ BELL's budget company, im looking at this in more detail

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Monthly fees based on amount invested + very expensive FX fees which is why it was not in the list.

  • @sultanalbinali4033
    @sultanalbinali4033 3 месяца назад

    Are we able to sell shares from one ISA while contributing into a second ISA during the same tax year? Does selling also activate these accounts?

  • @TeodorGorranov
    @TeodorGorranov 3 месяца назад

    WIth the amazing reasurance from you, I was able to be up 6% in about 4 months of being on the trading market. I would like to thank you for the content that you put out, couldn't be more happier finding your channel mid 2023 (which is late, but better late than never)! Let's see how 2024 will treat us all!

  • @iangreenstreet1407
    @iangreenstreet1407 Месяц назад

    What about if you have maxed out your isa? Are the same funds the best option albeit outside of an isa?

  • @Ayomikun
    @Ayomikun 3 месяца назад +3

    Not sure if any of the other brokers offer it, but the interest that 212 pays on uninvested funds is nice too

    • @westmime1083
      @westmime1083 3 месяца назад

      IBKR gives 4.83% atm

    • @InfectedByEli
      @InfectedByEli 3 месяца назад

      Lightyear pays interest on uninvested funds.

    • @user-cb8ip8fq8e
      @user-cb8ip8fq8e 3 месяца назад +1

      @@InfectedByEli My guess is they've all started paying interest on cash holdings. II started about a year ago (actually November '22 ).

    • @kanefisher2913
      @kanefisher2913 2 месяца назад

      Trading 212 is 5%

  • @melvynevason7981
    @melvynevason7981 3 месяца назад

    Hi sasha is Fundsmiths still a steady investment?

  • @thegrinderman1090
    @thegrinderman1090 3 месяца назад +1

    Any thoughts on Dodl?
    I use their S&S LISA because I judged it to be the best one when searching a couple of years ago. Then anything over the 4k limit i use Vanguard S&S ISA.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      Dodl is still very expensive on multiple fronts. Doesn't come close to the leading offers.

    • @thegrinderman1090
      @thegrinderman1090 3 месяца назад

      ​@@SashaYanshin For a 'Lifetime ISA' specifically though? From what I can tell, it's one of the cheapest. Thanks for the reply.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      @@thegrinderman1090 No - was talking about their ISA - I thought the question was asking what that was like as you already had the LISA and this video is about Stocks and Shares ISAs.

    • @thegrinderman1090
      @thegrinderman1090 3 месяца назад

      @@SashaYanshin Ok thank you, apologies for the confusion.

  • @JamesJohnson-mx3wl
    @JamesJohnson-mx3wl 3 месяца назад +5

    Please correct me if I’m wrong, but I was under the impression that with hl you can buy a selection of etfs via monthly direct debit and avoid any transaction fees. In addition, if your portfolio is 100% etfs the 0.45% platform fee is capped at £45 per year.

    • @SpencerPearson
      @SpencerPearson 3 месяца назад +1

      Exactly what attracted me to them in the first place. It's much cheaper in this one scenario which is what 99% of investors should be doing. Only have to watch out you pick the correct one as HL heavily promote more expensive etf tracker funds through regular investing (E.g. UBS S&P funds) but don't tell you they don't cap the charge on them so it reverts back to 0.45%

    • @rfxtuber
      @rfxtuber 3 месяца назад

      @@SpencerPearson Both of you don't mention who your talking about! 😆

    • @SpencerPearson
      @SpencerPearson 3 месяца назад +1

      @@rfxtuber sorry, we were abbreviating Hargreaves Lansdowne to HL. :)

    • @rfxtuber
      @rfxtuber 3 месяца назад

      @@SpencerPearson Not in this thread you wasn't no abbreviation mentioned?... lol, read both of your posts again...

    • @girendrasadera4547
      @girendrasadera4547 3 месяца назад +1

      You avoid transaction fees of £12 with HL even if you don’t have a direct debit and are buying index funds.

  • @jonathanr.5968
    @jonathanr.5968 2 месяца назад

    What is your opinion of AJ Bell?

  • @TheKelsonmorris
    @TheKelsonmorris 3 месяца назад +1

    In Canada you can contribute to an unlimited number of TFSA accounts(equivalent to an ISA) in one year

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +3

      Hopefully the UK regulations will catch up with the modern world at some point!

    • @adamhopkinson7299
      @adamhopkinson7299 3 месяца назад

      Your friend Jeremy Hunt already announced from April 2024 you will be able to pay into multiple different accounts of the same type of ISA in his autumn statement, maybe you missed the one good thing he announce in amongst all the horse manure @@SashaYanshin

  • @kwladner
    @kwladner 3 месяца назад

    Any ideia about someone outside Europe/US investing on UK Stock market is going to be charged only at his own country by any gain of capital?

  • @em89000
    @em89000 3 месяца назад

    Please can you do a video like this for LISAs. From what I understand Vanguard don't offer LISA accounts.

  • @doyouthinkitsdead
    @doyouthinkitsdead 3 месяца назад +2

    Id love to learn more as an absolute beginner if you more vids on this

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +2

      I will be doing more and I am actually right now working on a course too :)))

    • @doyouthinkitsdead
      @doyouthinkitsdead 3 месяца назад

      @@SashaYanshin I look forward to it, feels like I could get into it with decent guidance

  • @harry3344
    @harry3344 3 месяца назад +1

    hey Sasha, if I heard you correctly you said there's no fee's with trading 212 if you buy UK stocks, does that include no stamp duty or do you still have to pay that ?

    • @andyh3142
      @andyh3142 3 месяца назад +1

      Still pay stamp duty

  • @sauliusmasinai2624
    @sauliusmasinai2624 3 месяца назад +1

    Hello, thanks for the video as usual very informative. Quick question: Whats your tought & Simple Explanation about recent change on interactive brokers (It is just migration to uk accounts) or? Bellow migration info:
    Currently, your Investment ISA and/or Junior Investment ISA(s) (“ISA Accounts”) are serviced by both Interactive Brokers (U.K.) Limited (“IBUK”) and Interactive Brokers LLC (“IBLLC”), a US broker-dealer. IBLLC provides you with execution, clearing and custody services for various products, including ISA Accounts (the “IBLLC services”). In March 2024, we will begin providing execution, clearing and custody services for ISA Accounts exclusively via IBUK.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад +1

      These sorts of changes happen relatively frequently - they are changing their legal structures/potentially this is regulator-induced or whatnot.
      Doesn't really affect anything in terms of your fees or account though - just legalese.

  • @gabitzatoader
    @gabitzatoader 3 месяца назад +2

    Can i open for example: a Virgin Cash ISA and a Vanguard stock and Shares ISA in the same financial year and spread 20k between them. Thank you . I'm literally learning day by the day off this channel. Great source of financial education.

    • @adrianl5899
      @adrianl5899 3 месяца назад +1

      Yes, you can. You are just not allowed to pay into multiple ISAs of the same type in a tax year, such as 2 S&S ISAs.

    • @michaeltaylor5682
      @michaeltaylor5682 3 месяца назад +1

      You are actually going to be allowed to invest into multiple stocks & shares isa’s in the same tax year up to the 20k limit.

  • @damian1690
    @damian1690 Месяц назад

    So, with the current changes in ISA rules, can we open i.e. Stock and Shares ISA and LISA and pay into both in the same year? 🤔

  • @liamtheurchin5569
    @liamtheurchin5569 3 месяца назад +1

    Great info. Will your links last until the new tax year? Already up to the cash isa limit.

    • @SashaYanshin
      @SashaYanshin  3 месяца назад

      yep, unless they suddenly change their offers. 👍

    • @liamtheurchin5569
      @liamtheurchin5569 Месяц назад

      Bollox. Open my 212 account a couple of weeks ago so I was ready for 6/4/24 turns out the promo code only works within in 10 days of opening....But atleast I've started my investing journey.

  • @rojneacl
    @rojneacl 3 месяца назад

    Thank you Sasha! I have a question re: Interactive Brokers.
    My partner received an email from IB saying that she has at least one non-qualifying ISA position and that they will open a General Investment Account on her behalf and move those positions. The account has been opened but nothing got moved yet. I tried getting in touch with IB but their chat feature is abysmall and can't get through to anyone.
    She only has positions in VUSA/VUSD and a couple of regular stocks such as Disney, Ford, Twillo. I find it a bit strange that she received this message because why would they allow her to buy smth in an ISA that doesn't qualify for ISA. (All her positions are whole, no fractional shares.)
    Or is this just a routine message that goes out randomly to people?
    Thank you for your time!

    • @jam99
      @jam99 3 месяца назад

      And yes, why this video is bad advice, you hit the nail on the head. When things go wrong, which they do because the service industry in the US and UK is shockingly incompetent, how easy is it to sort things out?

  • @saadqayyum4739
    @saadqayyum4739 3 месяца назад

    Wait so i can only open 1 isa account per financial year
    I remeber putting money inside etoros and investing some and also putting money in tradining 212 and a binch of other random ones before
    How come i could put money on all of them, im assuming they may not all be isas but im not too sure
    Is that bad? They just asked me to transfer mowny from my natwest and thats it

  • @yunussavas3481
    @yunussavas3481 Месяц назад

    How do we check if trading 212, Vangard and hsbc stocks is using the same sip and fscs