If you have opened your Trading212 account in the last 10 days then use Promo Code DIVEXP for a free share worth up to £100 If you are not sure how to get it watch this video: Trading 212 Promo Code - Even after you open your account! ruclips.net/video/tMFdyHP9aa4/видео.html
I tried using Trading 212 just after April 5 2024 for a stocks and shares ISA. I am not a technophobe (work with computers for a living) and have a basic grasp of financial products. I found their whole process to be opaque, confusing and not customer friendly at all. I closed my account the day after I set it up because their stocks and shares ISA is not managed (someone knowledgable invests it for you) and I didn't find this out until I contacted tech support (online chat only). They had the audacity to tell me that "execution only" is implied during sign up. I suggest you imply less and be more clear because I find it reasonable that a new investor won't know the difference between a managed and self-managed stocks and shares ISA. Their services are not for new investors AT ALL. I tried to close my account but it wouldn't let me giving me a possible three reasons why which also didn't make sense. Tech support sent a PDF which was out of date because it appeared they updated the website but not the help files. I spent a LOT of time researching the best place to invest my money. Trading 212 and Vanguard came up all the time. Vanguard was very VERY easy and I am moving my money to them.
Thanks great simple advice wish I had seen this earlier Unfortunately I had already realised my mistake and sold out of my investment account and rebought under the ISA account 🤦🏻♂️
I have money in the invest account and invested in RR for long term. In hindsight it seems i should have bought these under the ISA. They have almost doubled. Would i need to sell them, pay the tax due and then buy them again in the ISA? but limit to 20k. Is this the same for all broker accounts? Enjoying the vid's
I hold decent amount of shares in Stocks ISA but I will be moving to Romania. Does this means I need to sell and reinvest once I become resident of Romania or is there any way to transfer shares from ISA to Invest, can’t find this information anywhere.
say in 40 years time im getting annual dividens of £300,000 would i be able to take £300,000 out a year from my dividends or is there a limit as to how mucb you can withdraw?
This is a great video, thanks so much! I have opened a 212 ISA, and Ive been eyeing up your pie 🥧 😅 I also want to do some share dealings of my own… Am I right in thinking that, if I were to sell some shares, and not withdraw the cash on those sales, presumably this cash is still within the tax wrapper - lets say if I don’t reinvest it straight away?
yep still within the account so is still protected until its withdrawn form the account. Thats also why its important to get dividends paid to your cash on the brokerage account, not the bank, as once they leave they will count towards your allowance if re-added.
I have a cash isa with a building society 10k. Can I open a ISA trading 212 and deposit up 10k? I can't seem to get a clear answer. Perhaps because pervious tax years. Can have more than one ISA in the same tax year. Is s&p VUSA and FTSE all world VWRL on the ISA like it is on invest account?
@@TheDividendExperiment I am new to investing and stated with 2k in invest account. From what I understand I need to sell this first. Do I get the money instantly as soon I sell? Then transfer the money from invest to iSA. Then buy the same ETFs again. The s&p VUSA (dist) and FTSE all world VWRL (dist). Is that correct? What happens if next tax year you can only invest in one or the other. Maybe only cash ISA or stocks ISA but not both? Thanks and Subscribed.
Live the channel, just a quick question, I'm a UK citizen but ive been living in S.Korea for the past few years, can I open an ISA account or would i have to stick with my invest account?
ISA is only available, strictly speaking, for UK Tax Residents. Most likely you will be a South Korean Tax Resident if you have lived there for a continuous length of time so unfortunately have to stick to invest. South Korea seems like a pretty cool place to live though so swings and roundabouts I guess!
@TheDividendExperiment thanks for the reply! as a country is has been really good to me, my mental health and self esteem has really improved since moving from the UK
I invested in my ISA account by buying phunware shares, I made a 32% profit or growth on my shares after I sold off, but i can not see my dividends in my balance. What should I do?
Hey TDE, could you do a video on how safe Trading 212 is? I've heard people had issues in the past and whether the £85,000 protection is actually eligible? Never the less I still use them, thanks
Trading212 is safe, those who say its not have a bee in their bonnet. The £85,000 FSCS protection is for cash in the account. They use custodian accounts where they personally do not hold your shares but another company holds them on your behalf. This means if something happened to Trading212 and they failed, your shares would be with another company and safe. This is also standard practice for many stock brokers. While some make a big fuss of this it is normal and if anything protects you more.
Overall I would say its pretty safe, a lot of the time you see RUclipsrs or whoever saying something is not safe as they try to get you to sign up to somewhere else for the commission, so be wary of that. The other comment explained it well.
Why would short term be better in the GIA? And what happens to your ISA if you decide to move abroad? I'd assume you can't make new deposits but don't know what would happen with what's already invested
It depends, if you earn profits of over the Capital Gains Tax threshold at the time of withdrawal (from April its £3000) you will have to pay tax on anything you make over the 3k. Say you buy 5k worth of stock and it doubles and now its worth 10k, you have made 5k profit. When you sell the shares you will be £2000 over the threshold and will have to pay tax on this (how much you pay depends on your tax bracket). For dividend allowance tax, that also depends on how much "passive" profit you earn whilst owning the shares. If you earn dividends of over £500 (from april 2024) you will have to pay tax on the excess earnings.
@@TheDividendExperiment not a normal occurrence but I wish it was! I normally put in £10,000-£12,000 a year usually. Although that only the last three years. Love the channel btw 👍👍
📩 Join thousands of other dividend investors and sign up to The Dividend Experiment email list to get a FREE copy of the 10 Dividend Investing Commandments: thedividendexperiment.com/email 🏛 If you are looking for a community to discuss ideas as well as gain other useful dividend tools and benefits join The Dividend Temple for free or as a paid member: www.patreon.com/TheDividendTemple
Hi i have invested using ISA and i am planning to withdraw for my home loan, is there any time frame for the withdrawal like if i withdraw the money in the same year i should pay tax or charges?
Hi,i started with an Invest account,which i still have..paying in each week from my salary.The pie is doing well..but after this vid im thinking the isa may be better for me.(I started from scratch 3 months ago)..can my invest account be switched saving all my portfolio? Or will i have to open a isa separately?
Hi and thanks for your video. Could you explain more about how you actually will be taxed on your invest account as that's the part which many similar videos are failing to explain! For example, as a UK resident, let's say I've already reached my 20k ISA investment limit for this financial year and I'm planning to deposit my Invest account by a £1000! now this investment can go 3 ways in time; increased, decreased or staying the same and the fund can either stay and circulate in my invest account or withdrawn from my invest account and back to my bank account before the end of this financial year or at some points in the future ! Now, how am I going to be taxed for this and by what percentages (lets say according to 2023-24, UK tax rules) . I think using an actual example will solve this for everyone. cheers
If you have opened your Trading212 account in the last 10 days then use Promo Code DIVEXP for a free share worth up to £100
If you are not sure how to get it watch this video:
Trading 212 Promo Code - Even after you open your account!
ruclips.net/video/tMFdyHP9aa4/видео.html
I tried using Trading 212 just after April 5 2024 for a stocks and shares ISA. I am not a technophobe (work with computers for a living) and have a basic grasp of financial products. I found their whole process to be opaque, confusing and not customer friendly at all.
I closed my account the day after I set it up because their stocks and shares ISA is not managed (someone knowledgable invests it for you) and I didn't find this out until I contacted tech support (online chat only). They had the audacity to tell me that "execution only" is implied during sign up. I suggest you imply less and be more clear because I find it reasonable that a new investor won't know the difference between a managed and self-managed stocks and shares ISA. Their services are not for new investors AT ALL.
I tried to close my account but it wouldn't let me giving me a possible three reasons why which also didn't make sense. Tech support sent a PDF which was out of date because it appeared they updated the website but not the help files.
I spent a LOT of time researching the best place to invest my money. Trading 212 and Vanguard came up all the time. Vanguard was very VERY easy and I am moving my money to them.
Is vanguard now under the name of sentinel?
Thanks great simple advice wish I had seen this earlier Unfortunately I had already realised my mistake and sold out of my investment account and rebought under the ISA account 🤦🏻♂️
Another great video. For long term investing definitely the ISA all the way!
Yep, most circumstances it will be better for the majority!
I have invested around 550 in invest rather than isa? Juss started a month back? So should i sell those and buy in isa account in 212? Please advice?
Overwhelming advantage in holding in an ISA rather than invest account over the longer term
How can I transfer my free fund in the Invest to ISA account?
If they are funds and you have opened both accounts then should just be a case of moving money across using the option in the menu
how do i open a trading 212 custodial account?
I have money in the invest account and invested in RR for long term. In hindsight it seems i should have bought these under the ISA. They have almost doubled. Would i need to sell them, pay the tax due and then buy them again in the ISA? but limit to 20k. Is this the same for all broker accounts? Enjoying the vid's
Yes unfortunately, can’t transfer to isa without selling first
Did u miss that the imvest account has the multicurrency option whereas the isa doesn't?
Are you asking a question or trying to point it out?
So i understand that this is exclusively for the UK, but in your opinion do you think trading 212 will do this in Europe?
No, it’s not a trading 212 feature as such but a U.K. government thing
I hold decent amount of shares in Stocks ISA but I will be moving to Romania. Does this means I need to sell and reinvest once I become resident of Romania or is there any way to transfer shares from ISA to Invest, can’t find this information anywhere.
You can leave them in the opened isa, you just can’t contribute more to it as a non U.K. tax resident
Good to know, thanks
say in 40 years time im getting annual dividens of £300,000 would i be able to take £300,000 out a year from my dividends or is there a limit as to how mucb you can withdraw?
No limit on withdrawals
When buying an ETF which currency is the best GBP or USD when my home currency is GBP as an example?
Most likely GBP is more appropriate for your needs
@@TheDividendExperimentThank you. Great video format too.
This is a great video, thanks so much! I have opened a 212 ISA, and Ive been eyeing up your pie 🥧 😅 I also want to do some share dealings of my own… Am I right in thinking that, if I were to sell some shares, and not withdraw the cash on those sales, presumably this cash is still within the tax wrapper - lets say if I don’t reinvest it straight away?
yep still within the account so is still protected until its withdrawn form the account. Thats also why its important to get dividends paid to your cash on the brokerage account, not the bank, as once they leave they will count towards your allowance if re-added.
@@TheDividendExperiment cheers hun. Will review the setting and make sure Divs are kept on the account. 🫶🏼
I have a cash isa with a building society 10k. Can I open a ISA trading 212 and deposit up 10k? I can't seem to get a clear answer. Perhaps because pervious tax years. Can have more than one ISA in the same tax year. Is s&p VUSA and FTSE all world VWRL on the ISA like it is on invest account?
Yes to both
@@TheDividendExperiment
I am new to investing and stated with 2k in invest account. From what I understand I need to sell this first. Do I get the money instantly as soon I sell? Then transfer the money from invest to iSA. Then buy the same ETFs again. The s&p VUSA (dist) and FTSE all world VWRL (dist). Is that correct? What happens if next tax year you can only invest in one or the other. Maybe only cash ISA or stocks ISA but not both? Thanks and Subscribed.
@@SixTimesMrOlympia yes when you sell you should get the money quite soon after then you can move to the ISA
It is like investing in Stocks or some stocks jar? I need to invest in stock and share ISA? HOW CAN I?
Sign up to trading 212 and choose ISA
As a UK resident, did you say I couldn’t have both investment and ISA at the same time on 212?
You can have both at the same time
if I already have the invest account, can I move all my stocks shares and pies to the ISA account?
I think you have to sell and buy again on trading 212
Live the channel, just a quick question, I'm a UK citizen but ive been living in S.Korea for the past few years, can I open an ISA account or would i have to stick with my invest account?
ISA is only available, strictly speaking, for UK Tax Residents. Most likely you will be a South Korean Tax Resident if you have lived there for a continuous length of time so unfortunately have to stick to invest.
South Korea seems like a pretty cool place to live though so swings and roundabouts I guess!
@TheDividendExperiment thanks for the reply! as a country is has been really good to me, my mental health and self esteem has really improved since moving from the UK
I invested in my ISA account by buying phunware shares, I made a 32% profit or growth on my shares after I sold off, but i can not see my dividends in my balance. What should I do?
Does it pay dividends?
Hey TDE, could you do a video on how safe Trading 212 is? I've heard people had issues in the past and whether the £85,000 protection is actually eligible? Never the less I still use them, thanks
Trading212 is safe, those who say its not have a bee in their bonnet. The £85,000 FSCS protection is for cash in the account. They use custodian accounts where they personally do not hold your shares but another company holds them on your behalf. This means if something happened to Trading212 and they failed, your shares would be with another company and safe. This is also standard practice for many stock brokers. While some make a big fuss of this it is normal and if anything protects you more.
Overall I would say its pretty safe, a lot of the time you see RUclipsrs or whoever saying something is not safe as they try to get you to sign up to somewhere else for the commission, so be wary of that. The other comment explained it well.
If you opt for 5.2% interest on your uninvested cash in your trading 212 ISA then the cash does not fall under the £85000 FCA protection.
Damn, I jumped in and chucked £7,000 in the invest account, £4000 in the ISA should have just put it into the ISA
School is in session 😂. Always dropping knowledge
Haha love that
Why would short term be better in the GIA?
And what happens to your ISA if you decide to move abroad? I'd assume you can't make new deposits but don't know what would happen with what's already invested
Does all investment on trading 212 give u dividends or only some of them ?
Only some pay dividends
If i use the 'invest' account and deposit today, but withdraw in say 5 years time, do I have to pay tax?
If you go over the threshold for capital gains or dividends you should pay tax doesn’t matter about withdrawing
It depends, if you earn profits of over the Capital Gains Tax threshold at the time of withdrawal (from April its £3000) you will have to pay tax on anything you make over the 3k. Say you buy 5k worth of stock and it doubles and now its worth 10k, you have made 5k profit. When you sell the shares you will be £2000 over the threshold and will have to pay tax on this (how much you pay depends on your tax bracket). For dividend allowance tax, that also depends on how much "passive" profit you earn whilst owning the shares. If you earn dividends of over £500 (from april 2024) you will have to pay tax on the excess earnings.
What do you mean by 20k tax limit on invest?
The 20k annual deposit limit is on isa
Got £40,0000 in my isa as I’ve filled it this year and £21,00 in my invest account waiting for next year to move it over
I'm impressed you have filled it so fast!
@@TheDividendExperiment not a normal occurrence but I wish it was! I normally put in £10,000-£12,000 a year usually. Although that only the last three years. Love the channel btw 👍👍
How do you move it over to the ISA? do you sell the shares and buy back in the ISA?
@@macky573021yeah, same question here? Can anyone help?
@@macky573021old comment but as of now you can head over to your profile/manage funds/move funds and select where you want to put it
📩 Join thousands of other dividend investors and sign up to The Dividend Experiment email list to get a FREE copy of the 10 Dividend Investing Commandments:
thedividendexperiment.com/email
🏛 If you are looking for a community to discuss ideas as well as gain other useful dividend tools and benefits join The Dividend Temple for free or as a paid member:
www.patreon.com/TheDividendTemple
Hi i have invested using ISA and i am planning to withdraw for my home loan, is there any time frame for the withdrawal like if i withdraw the money in the same year i should pay tax or charges?
Nope not on the S&S ISA
@@TheDividendExperiment thanks
Took you a minute to start the actual video😭
Yeah, it’s an FCA requirement. Might be able to find the info on TikTok if your attention span can’t last that long
Hi,i started with an Invest account,which i still have..paying in each week from my salary.The pie is doing well..but after this vid im thinking the isa may be better for me.(I started from scratch 3 months ago)..can my invest account be switched saving all my portfolio? Or will i have to open a isa separately?
I think you have to sell and buy back in the ISA, though shouldn’t be a major issue as you are buying and selling at the same time
Thank you for replying to this comment as I'm in the same boat as this person@@TheDividendExperiment
Hi and thanks for your video. Could you explain more about how you actually will be taxed on your invest account as that's the part which many similar videos are failing to explain! For example, as a UK resident, let's say I've already reached my 20k ISA investment limit for this financial year and I'm planning to deposit my Invest account by a £1000! now this investment can go 3 ways in time; increased, decreased or staying the same and the fund can either stay and circulate in my invest account or withdrawn from my invest account and back to my bank account before the end of this financial year or at some points in the future ! Now, how am I going to be taxed for this and by what percentages (lets say according to 2023-24, UK tax rules) . I think using an actual example will solve this for everyone. cheers
Problem is there are so many variables in play (your income, allowances etc) that an example might actually not be useful at all
What you are investing in, how it distributes return (or not)
Based on the information you have given here it’s not actually possible to answer
Can we invest in both?
Yes, both are available as options and you can do two simultaneously