Trading 212 Beginner's Guide to Stocks and Shares ISA
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- Опубликовано: 17 фев 2024
- The definitive guide for beginners, on what a stocks and shares ISA is and why you would want to use it on Trading 212
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Another wonder video .
thank you😇
Thank you Lawrence!
Thanks for spreading joy!
Thanks for the video. 1 question: if i buy any share after buying the market goes down so I'll lose the share or i can wait for raising the market then i sell the share?
You can keep the share, you will only lose money if you sell at a loss
Thanks for sharing knowledge, lot of good information.
I have a question:
If I deposit 20k into stocks and share ISA , can I sell sell shares and then buy new shares to rotate money within ISA ? Or will it affect my ISA as the money from sold out shares will go directly outside my ISA to trading212 account ?
Can I buy/shell shares from previous year ISA (I will not be depositing more money but just be using same money which i got from selling shares from ISA )
You can do whatever you like after you deposit your money into the ISA, buy and sell as you want, even using previous years money. Hope that helps.
Thanks for the informative video .Am I right in thinking money in the stocks and shares Isa cannot be removed as you will loose the allowance on that amount. But it is okay to move money from my 212 cash isa as this is a flexible type isa .I always assumed money out would always come off your allowance, but according to 212 FAQ you can, which is very good .I assume this is not the case for S&S isa .
The stocks and shares ISA is flexible now too!
Can I still open a t212 stocks n shares isa if I already maxed out another platform isa. Surely we can?
Depends on which tax year, if it's this year, you can't deposit further, until April 6th. Does that make sense?
Hi there great vid just wondering if I’m at any risk at all just having my money in the uninvested cash earning interest ? I’m a beginner btw
In the world of finance, everything carries a risk, even a bank account. But yes, there is a very small risk of losing money when uninvested. Because these funds are put into qualifying money market funds. Very very low risk though however, I wouldn't personally worry about it.
@@Dr.JubairsFinance cheers mate, just watched your latest vid around the cash isas are these safer as I’m very cautious about all of this stuff but I am just in it for the better interest rates 😂
Yes Cash ISAs are as safe as it gets for us! If you're really worried, go for these. But you'll never beat the stock market long term.
Hi Jubair - if you open a stocks and shares isa in March - can you create a new one in April (new tax year) and transfer that money plus any dividends to the new account?
If you open one in March, then you can open another in April (when the new tax year opens). If it is with the same provider, your old money will still be there, but yes, you can also transfer to another provider, not sure why you'd want to transfer though. I hope I have clarified things.
How does t212 go about w8ben renewal? I did my first 3 years ago but i feel im overdue the renewal, do they renew automatically or do i need to contact them?
I'm not sure, been with them for 2 years. I'm sure they will send a new one, best to contact them directly if you are unsure. Thanks for watching.
Really helpful video! I've deposited my yearly allowance into my ISA account, but how do I select the fund I want to invest it in? (Vanguard S&P 500 VUAG)? Thanks?
If you use the search feature (magnifying glass), type on VUAG, and select the S&P500, and click on buy.
Hey Jubair,
Great video. Just what I was looking for. I have a couple of questions:
1. Is the no broker fees the only reason you say Trading 212 is the best platform to use or are there any other reasons too?
2. What is the minimum amount you need to start a S&S ISA with Trading 212 (some brokerages have a £500 minimum)?
3. Is there a limit to how many times you can withdraw without being taxed or are the funds tax-free no matter how many times you move things around? (Although I know it should be ideally kept in for the long run)
4. I didn’t quite understand the part where you gave reasoning as to why you should use a GIA instead of S&S ISA if you think you may need to withdraw in 2-3 years? I guess following on from my previous question is this because the S&S will limit you in terms of how soon you can withdraw and the GIA won’t? Because surely even if one is considering withdrawing in 2-3 years they’d rather put it in a S&S than a GIA to protect the funds from tax.
Sorry for my lack of knowledge on all this😂
Hi Hiba.
I say Trading 212 is one of the best mostly yes, because of it's low fees, large choice of stocks and ETFs and low min requirements (£1, answers the second question).
You can withdraw whatever you like, whenever you like, but you get a £20,000 deposit limit a year, if you withdraw and try to put it back into an ISA, you will lose the amount you take out.
I say that if you want to invest in less than a 5 year horizon, that's essentially trading, and you could just use a GIA. For most people, you want to be investing only in an ISA, then if you fill that, use your GIA. Both ISA and GIA, you can withdraw whenever. Only ISA is tax protected.
Does this all make sense?
@@Dr.JubairsFinance thanks for your reply. Okay so say I have £50k in my S&S ISA and it’s now a brand new tax year so I have a new deposit limit of a further £20k.
I understand that if I now put in that further £20k (and have total funds of £70k), I can’t take out £10k and redeposit it later in the year because I’ve already met my limit for the year, and thus I would be left with £60k.
However, in the instance that it’s a new tax year and I haven’t deposited my further £20k yet, do you mean if I try to withdraw £10k from my existing £50k balance I would then be losing £10k from my new year’s limit? I know that is such a confusing question I’m very sorry. I hope it makes sense.
@@hibbear Think of it like this. You can deposit up to £20,000 of new funds per tax year. You can take out money whenever you like. Out of your old 50k, even of you take out all of the 50K, you still have your allowance next tax year, because it resets.
You withdraw money from your balance, not your allowance. Maybe that's where you are getting confused?
Obviously let's say in the tax year 2023-2024. I still have £20,000 allowance left. If I take out £45k/£50k. I can still deposit a further £20K. But why would I do that? The allowances are a "use it or lose it" thing. You will never get back the allowance you were given, it will never "roll over".
@@Dr.JubairsFinanceahhh I get it now thank you so much. I was just over complicating it.
Is there a threshold where you don’t need to fill out a self assessment form? Or does this need to be filled out no matter what even if the profits are minimal?
Usually, the threshold is £1000 of extra income. This could be profit from buying and selling things on eBay, capital gains on invest, and stuff like dividends.
@@Dr.JubairsFinance thanks for that. I currently have a vanguard account with most of my investments but was thinking to move to trading 212. Would you say it’s beneficial to have everything in one platform?. Or do you have multiple accounts still?
I’m interested in a stocks and shares isa but completely new to it, so to clarify
- if I open a stocks and shares isa and put in £100, is that £100 at risk or just the interest amount i earn on that £100?
Also if I open a stocks and shares isa with trading 212, can I just leave it and it will grow or do I actually have to invest this into stocks that I have to select?
Hope my questions make sense
Hi Laura, I understand that you have a lot of questions as a beginner, I once did too. I thought a stocks and shares ISA used to automatically invest stuff for you, but all it is, is a tax-free wrapper, you have to invest in the stocks manually. This means that any money invested will be at risk, as always.
@@Dr.JubairsFinancethanks for this information, I researched a lot about what to invest in, went for trading 212. I ended up simplifying it and just looking at my bank account and seeing what the 5 companies were that I spent the most money on monthly. I split my £100 into five and invested in these 5 companies
Hi. Ime about to take the plunge and get an isa stocks & Shares in April and I’ve been watching your vids to give me an idea of how it works.
Can I ask you a quick question.
I already have a fixed rate isa what I got last April on a 2 year deal, can I still get a new one this April even though I still have another year left on the other one.
Thanks Mark.
Hi Mark. As long as you haven't added more than £20,000 to your Cash ISA (im assuming from what you've said, that it is a cash ISA). Yes, you can still open a stocks and shares ISA before next April.
Thanks for your answer, do you think that I could put money in the trading 212 account now and keep it in the unused funds and earn the interest now or can I only do this in the new tax year.
@@markobrien5551I don't see why you cant do it right away, providing that you haven't used up your allowance or deposited into another S&S ISA this tax year. I personally would.
My fixed rate cash isa was started in late April 2023 so I thought I could only do one isa per year, can I do a S&S isa in the same year 2023/24, i put 10k in the original cash isa so I still have 10k space left.
Do you not have to sell your shares in your GIA before you can move it across to the ISA?
Yes, it needs to be in cash. So yes, you do have to sell your shares.
@@Dr.JubairsFinanceI’ve heard that T212 are going to introduce a way where you don’t have to sell your shares and move them straight across. Have you heard anything?
Does the isa automatically refresh on trading 212 as well?
Not sure what you mean by refresh?
I believe you have to opt-in manually every year
do you recommend trading 212 for a stocks and shares ISA over Freetrade? Because I've heard FreeTrade is easier to use despite the fees - I would love some clarity on this as I'm so confused about which to go for
I've made a few videos comparing the 2, I've got a best ISA video coming soon too. Frankly, I can't recommend FreeTrade anymore because of their high fees and general price instability (keep raising fees). It's a shame because FreeTrade was my favourite platform.
@@Dr.JubairsFinance do you recommend going straight to something like Vanguard or are the fees too high? sorry, I'm really new to this. I just really want to open a S&S ISA now before the 5th deadline
I would go and have gone with Trading 212, Vanguard is a good option too, but Trading 212 is cheaper. Look into InvestEngine too.
@@Dr.JubairsFinance Thanks. Is it easy to transfer your ISA out of Trading 212 if you want to later on?
They've made it pretty easy, I would say so, although no direct experience with it
do i need to pay tax on capital gain on isa account if i make 100% profit ? tia
The ISA accounts are protected against any of those taxes.
So if I made about 1200 pounds last year profit of my investing account but I’m not going to sell any of my shares or withdraw any money.
Do I have to pay any taxes to hmrc?
Sorry for if it’s daft question.
Thank you
Sounds like you made less than your allowance and that you don't have to pay capital gains tax. However, I don't know your situation and not a tax advisor, so probably best to get one if you are worried.
Hi I have a question, once I start investing into the trading 212 isa, can I then go and open up cash or lifetime isa with a different provider to invest in as long as below £20,000
Yes, different types of ISAs are allowed. You can't have 2 of the same, you can have a Cash and Stocks and Shares ISA at the same time, all contributing to the same £20k deposit limit. From April 6, you can do whatever you like essentially, the rules will change.
@@Dr.JubairsFinancethat’s only after the 6th of April this year? Can I do it before then or no?
Before the 6th of April, only one ISA of each type. There are 4 types, you can have all of them and share the 20K between them.
@@Dr.JubairsFinanceokay I understand now thanks appreciate it 🙏
ive already paid myself over £100,000 this year but income/expense wise its about £60,000 total so far, from my LLC if i was to pay myself £20,000 now before April this would be written off against my income 100% correct? and my income would remain as 60k right?
Hey! Legally, I can't really answer this sort of tax question. I have a link fo financial/tax advisors in my description, the first call is free, they can give you legal and accurate advice.
Hi Jubair i used your link last night and signed up (and desposited funds) when can i expect to recieve my free shares thanks!
You need to verify with your ID and should get it straight away. The stock market is closed for a few days because of Easter, it has to open again for you to receive the free share
@@Dr.JubairsFinance great thanks
How did you get on with your investment? Have you withdrawn cash yet or left it in long term?
I'm not going to withdraw any of the cash, my aim is to have a £1m portfolio, before thinking about withdrawing anything
Great video. Is there any logic in selling out of positions on the Invest account as the profits near £2995 or so, so you don't get hit with tax? Then re-invest and withdraw as you near this number again?
Seems like flawed logic to me? The capital gains adds up, you can't get away from it haha. Why not invest in the ISA account?
@@Dr.JubairsFinance Ah I see thanks 😅 I thought this would only be in the case where you were lucky enough to max out your £20k ISA so were using Invest for the extra contributions
I’m confused - if I invest less than 20k into a stocks ISA, will I lose out on my money after April 6?
You don't lose money, you lose your chance to deposit up to 20k that year, then it resets
I was going to ask the same question, thanks for clarifying it Jubair.
If I max out the 20k before the tax year, can I still put money into the ISA account to get the 5% interest on any uninvested cash?
No.
It’s called a 20k limit.
Put excess cash into the investing account. Will still earn the 5%
You cant add any more after your £20k deposit limit is reached, per tax year.
@@riddlergorshin Yes I just wondered as the part outside of the 20k was uninvested. I have indeed put it into the investing account but will probably need to declare it.
Hey mate, great video. If you had the option to maximise your ISA allowance for the year. Which of the following would you do.
1. Put £16k into a stocks and shares ISA (invest in S&P & FTSE ETF) and Pay the remaining £4k into a Lifetime stocks and shares ISA (to grab bonus).
OR
2. Put all the £20k ISA allowance into a stocks and shares ISA (invest in S&P & FTSE ETF)?
Long-term investor. Won't be able to access LifeTime ISA for 20 years. Using it for retirement.
Just wanted to know your thoughts. Love your work!
I'd only put money into a stocks and shares ISA, for me it's the flexibility. Personally wouldn't bother with a lifetime or Cash ISA.
Makes sense, thanks for the reply!
CFD tutorial please ? 😅
I don't use CFD's unfortunately
I want information buy😂stock before earning or ofter earnings
Buy them when you are confident in your decision, that's all I can say