I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@VioletJessica- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
It's okay if they don't agree with this type of investing, many of us do agree. I have 20 positions in high growth stocks. I'm getting 15 dividend pay checks, however I'm up 125 % this year. About $650k this yr, good dividend paying portfolio, although I use an F.A so buy as much as you can and wait for the rebound. Only the brave gets rewarded in these times!
it is very easy to buy in on trending stocks but the problem is knowing when to sell or hold which is why a consultant is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit.
Even the best investors lose money when the market is down or when they make a decision that doesn’t turn out as hoped I can't actually leave details on here, you could do that yourself her name is ’Lisa Ann Moberly’ she's quite known
My 5m portfolio has to be diversified and invested in carefully so that it may grow significantly during this bull market. Which sectors do you think might lead the uptrend this year
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Nicole Desiree Simon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@RobertDavid212In my view, having a Financial Adviser is crucial. They provide expert guidance for entering and exiting investments seamlessly, ensuring a consistent and profitable financial journey.
This opportunity has changed my life, My credit score increased tremendously, I became a multiple 6 figure earner, I'm able to financially, support my family. I now have the time to be with my family and also the luxurious life I've Dreamt of.
Hi Tom. Great Video. Please advise on the following if possible, What's the process for closing down your ISA, and how do you account for any gains you may have on your chosen investments? I understand there ISA acts as a 'wrapper', but how do you account for it. Thanks
Thank you so much for this great video! I've just started learning about investing. Do I have to declare whatever returns I make from a stocks and shares ISA on my self-assessment tax return? If you want to sell your stocks, how do you know you'll find a buyer for them?
Hi Tom, great video and very to the point. Trying to understand the £20k limit a bit better: 1. Say i add £20k to my ISA by the end of the tax year, do I have to then take that £20k out of the iSA and into a generic savings account to then starting adding in more money to the ISA and avoid the tax? Or can you keep adding money in and it won't be taxed (i.e. be able to reach £40k in the isa by the next tax year, then £60k etc.) 2. Does the money you make from the investments count towards the £20k tax-free amount? So if i added £10000 and had a £1000 return would the overall balance be £11000 meaning i can only add £9k more in that tax year?
1. No, you can leave it in and keep adding to it when the allowance is renewed. People have hundreds of thousands in ISAs built up over many years. 2.No, the £20k allowance is capital added by you - not the return on your investments.
@@ThatFinanceShowAmazing, thank you. So it's basically a maximum of £20k per year allowed in the ISA to remain tax free ❤ And all of the previous years of stacking £20k can remain there tax free 🔥
😵💫Very informative; thank you. still confused on some aspects. Would love, if you can shed some light on the following. 1. If I choose a stock and shares ISA where I manage the investments myself. Could I invest that cash in social trading platforms? and use the ISA same like a bank account to register with social trading platforms or a broker platform. 2.Could I trade from a cash ISA on social trading platforms or a broker platform; use the cash ISA exactly like a bank account?
Hiya. I'm going to get my CTF in 2 weeks and I was looking into putting it into a stocks and shares ISA. I was wondering how I would go around that and what is the best for me as a person turning 18?
Nice informative video on Stock and Shared ISA.I have some basic questions after watching this video.1. Let's say, I made an investment of 10K on a current financial year in a stock and shares ISA ,does it only give me tax benefit from the capital gains and Dividend income made from that 10k investment I made or i am entitled to get tax benefit on the 10k invested amount also? 2. Does annual allowance 12,300 means you don't need to pay any tax on your capital gain on a financial year in UK if the gain is less than £12,300 and ISA account holder will only benefit when his or her gain is over 12,300 limit in a financial year?
Hello Tom, what a really useful video, thank you. I have just started investing with a stocks and shares ISA and intend to do so for the long term. At the beginning of the next financial year, can I use the same ISA, but the allowance is reset so I end up with one large ISA, or do I have to open a new stocks and shares ISA each year so ultimately end up with 50 smaller ones. Thank you again.
Hi, what's the best platform for if I grow my dividend portfolio into the millions overtime. Is the money protected? Or do I put into a ISA within the platform? Thank you
If I wanted to invest £100 a month for example, say the money was taken from my bank automatically, do I buy different stocks each month? They say to diversify, so should I then alternate 5 or 6 companies to invest in and cycle through them month on month? I’m a complete noob so apologies if this is a stupid question
Which one would you recommend I am a total beginner? 1. FTSE 100 Index Unit Trust Accumulation 2. LifeStrategy® 60% Equity Fund - Accumulation 3. FTSE All-World UCITS ETF (VWRL) 4. S&P 500 UCITS ETF (VUSA)
Hi Maxel, I can't recommend anything I'm afraid. It's all about understanding what is in those funds. For example, whether you want just UK companies (FTSE 100) or whether you want to diversify further and go global with VWRL for example. I think diversification is the key.
I'm new to trading, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Maria Andersen has really set the standard for others to follow, we love her here in Ontario Canada I as she has been really helpful and changed lots of life's
Very informative video. High appreciation. If I invest 20000 pounds in ISA shares and stocks and the value grows to 30000. Will 30k pounds will be remain tax free?
sup bro great video and So if i want to have something similar to Roth IRA's when it says open account which one would you pick stocks and shares and ISA or personal pension ?
So can you make money on investments in an invest isa account and not pay tax or need to do a self assessment even of you earn full time wages? At what point would you need to declare gains?
This was very helpful! So it over 4 years you had £80k sat in a stocks and shares ISA, does that mean each year you could take out the interest tax free for example? And if so is there a limit to what you can take out if you aren’t putting £20k actually in each year but you have more than that as a total?
Amazing video, Stock trading has proven to be beneficial over the decades but personally you will never understand how profitable stock trading is until you start investing, I was able to make good profit in a months, Mr Ramakrishna adopt the trading strategy that will always protect your investment at every market collapse it's really awesome.
Hello Tom, Thanks for the video. I was wondering if there are any limitations to the stocks you can buy through ISA. I noticed that every provider I have found so far only allows me to buy Uk individual stocks. Is this a rule for ISA? Thanks
Hi there, nope that’s not a rule, you can buy shares from all over the place if your platform has them available. Trading 212 for example, link in my description for a free share with them!
Hi Tom, I have a cash ISA and a stocks and shares ISA (opened in different tax years), so am I correct in thinking that I can deposit into both in the same year without having any deductions from the tax man?
Tom, nicely done video, however @ 2:44 "... one stock and shares ISA per provider, per tax year" - slightly misleading. It suggests you can have multiple stocks and shares ISAs in a tax year so long as they are with different providers? - "Can contribute to one stock and shares ISA per tax year" - full stop.
Hi Trevor, yes I see what you mean with that comment in isolation. Hopefully the statement before gives it context but to be clear you are right, 1 stocks and shares ISA per tax year. Thanks for watching and taking the time to comment.
Thanks for this. If I invest say £1000 into a S&S ISA using funds, and after a few years I see it's not performing well. Does that mean I could potentially lose my entire outlay or is it protected from dropping below the value I invested? Thanks
When investing your capital is at risk so yes you can lose money. In order for your money to go to 'zero' the investment has to be worthless, i.e you put it on one stock and the business goes bust. This is where diversification and investing in lots of different assets helps to protect you.
Hi I have a question. If I have a Lifetime ISA which I’m putting the max £4k per year (to get the 25% gov match for first time property buyers)… does that limit the amount I can put into my Stocks & Shares ISA? I’ve had my LISA open for a few years and it’s with a different provider, whereas the Stocks & Shares ISA has been opened in the last week. What are the implications of having both accounts if I’m putting in £4k to my LISA annually? Thanks for your help, love your content.
Hey! The £4,000 counts towards your overall £20,000 ISA allowance. So if you do £4,000 in there each year, you have £16,000 of your allowance left to use. Hope this helps.
I opened up a cash isa in Feb 2023. Does that mean I can open a stocks and shares isa now in November 2023 as its a new tax year? Or do I wait till Feb 2024. How do I best split 20k over the different isa"s? Great video thanks
Yes you can open another one now if it's with a new Provider, or wait to April during the new tax year to use the same provider, and you can even Transfer your money from the cash ISA into the new Stocks and Shares ISA ❤
my friend into pension time pays so much fees on his pension so he is prepared to take lump sums and put them on isa. He can do 2 years of £20k as tax allowances on isa. However when he will get (if he gets) dividends from stocks, do these dividends count against the tax allowance £20k? Let's figure out that he puts straight away £20k, then maybe he will get £2k as dividend for the same tax year (that is before 5 April 2023) or even perhaps capital return such as what Aviva did this year. In these cases how can he calculate and what will happen if he does not take the money to his nominated current bank account? Does it mean that the £2k dividend he will receive from his stocks this year will be deducted from the £20k he wants to put into the S&S Isa next year? Otherwise he's got to put less money into the S&S isa but it is soooo difficult to figure out in advance how much dividend he is likely to receive ultimately? Your guidance would be useful. Many thanks in advance.
Hi there. I can't give advice here - it really sounds like your friend should speak to a financial adviser. Dividends received on investments held in an ISA don't count towards the annual allowance though I can tell you that much .
Hi , I have been paying into a stocks and shares isa this tax year , can I do a transfer to another broker in the same tax year and close the current one and then start funding the new one, or do I need to wait until April to do a transfer now. I have just tried to do a transfer with interactive brokers and got the message " you can only contribute to one stocks and shares ISA per tax year" and I can't seem to get clarification on the rules online.Thanks
Hi Tom, New to Stocks and shares ISA so a quick question hopefully you can help with. Say I deposit 20k into a stocks and shares ISA and invest in a single stock and then sell for 25k within the same tax year am I then okay to re-invest that 25k into another stock and so on and so on or once I buy/sell the full value of 20k im then done
Great video. Quick question from an investing noob who just bought my first stock. Can I have 2 separate stocks and shares ISA's with 2 different brokers (in my case, Fidelity and Freetrade?) I want to use Fidelity for my mutual fund investments and freetrade for stocks.
You can’t put money into 2 different ones in the same tax year. You could put money into one this year, leave it there and then find a different one from April next year in the new tax year
People beware of these regular investment calculators. The word COULD should be taken seriously. I’ve paid £450 per month for 16 years into a stocks and shares ISA. I’ve never taken anything out yet I have less in there today than I put in! Better off letting my money snooze in a no interest bank account!! 16 years Negative return!!
Thanks Tom. If you're lucky enough to have more than £20k a year to invest in funds, is there another tax-efficient way to do it? Or is it a case of using a non-ISA investment account, and using techniques like splitting any capital gains over different tax years etc?
Hi. Great video. Thanks. Quick Q. If you max out allowance one year (not that I can! Just hypothetical for my understanding), then open another ISA next year does your original ISA still benefit from all the same things even though you would no longer be contributing to it/have over 20k in ISAs? Is the 20k just an annual allowance? Is it only the current years ISA that benefits from the terms of the wrapper? If not, can the terms of the ISA change after the first year? Thanks!!
Yep, it still benefits. You can only put in £20k of your money into the ISA each year, how much you build over time is limitless and it all still benefits from the tax advantages. So you can have £1million in ISAs for example over time and it would all still benefit. Hope that answers the question!
Hey Tom, what do you think of free trade? I’ve got an isa with them and wanted to know your opinions? Also, do you have a telegram or anything to communicate?
If you reinvest the dividends in an ISA account does that mean they count towards the annual allowance? For example if your dividend payments are 100£ per month which are getting reinvested you should have in mind that your allowance will become 20.000-1.200=18.800?
So I can have a stocks and shares isa with vanguard and another one with InvestEngine and pay into both in the same financial year, as long as they opened in different financial years and I stay under the 20000 cap in total?
Hi Tom, another fab video, great info. Quick question. I was paying into a Trading 212 S&S ISA and also Moneybox S&S ISA at the same time. I stopped paying into Moneybox when I realised the rule. Haven't touch it at all since. Moneybox will report to HMRC my activity right? Expecting a bit of a tax bill come April. But can I take that money out to use else where? Thanks for any help!
Hi Liam, HMRC used to have (I think they still do) have an ISA helpline, they should be able to guide you. Won't be a huge problem though I wouldn't think. All that usually happens is they need to work out what tax you saved that you shouldn't have.
You can have as many GIAs as you like. They can't be 'converted' into stocks and shares ISAs but many providers will let you move money across into an ISA, it's called Bed and ISA.
Lots to choose from and I can’t give advice here. Depending on whether you want to invest in individual companies or funds, you want someone with plenty of investment choice and reasonable / low fees.
I have opened an S&S ISA account with vanguard but I haven't invested anythjng yet. I would like to start another one with InvestEngine this year. Am I allowed to do by cancelling Vanguard account? Please help.
First understanding the financial market and how it works then you need to know how to study the market charts. That's all you stand to get when you start trading with Ramakrishna. His highly recommendable and his signals that works.
@@ThatFinanceShow Thanks for the reply but I have another question. I read somewhere that I could open different types of isas such as a lifetime isa and a cash isa in the same financial year. Is this true?
Hi also if I withdraw money from a Lisa account for a house does that account close now or can I still put money into it until I’m 50 and then be able to take it out at 60?
All depends on what you invest in, the value of which will go up and down and you may have dividends and interest too depending on what you choose to put in 'the basket'
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@VioletJessica- That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@LiamOlivia-4 My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@VioletJessica- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
It's okay if they don't agree with this type of investing, many of us do agree. I have 20 positions in high growth stocks. I'm getting 15 dividend pay checks, however I'm up 125 % this year. About $650k this yr, good dividend paying portfolio, although I use an F.A so buy as much as you can and wait for the rebound. Only the brave gets rewarded in these times!
wow!!! how are you able to achieve all that given that the market has being a mess most of the year?
it is very easy to buy in on trending stocks but the problem is knowing when to sell or hold which is why a consultant is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit.
I could really use some guidance, haven't been doing so great as of late, who is this person that guides you.
Even the best investors lose money when the market is down or when they make a decision that doesn’t turn out as hoped I can't actually leave details on here, you could do that yourself her name is ’Lisa Ann Moberly’ she's quite known
Alright thanks I'll look her up for inquiries
Simple. Concise. To the point. Great Vid.
Glad you liked it!
Brilliant explanation. Thank you sir!
Victory Amps - worthy of a sub just for that. PS, great content
Haha brilliant. Great to hear from someone who appreciates guitar gear!
Amazing this video for beginners mate. Defo a place to start for people. Consider setting up a playlist for your channel?
Thanks mate, yeah good idea.
My 5m portfolio has to be diversified and invested in carefully so that it may grow significantly during this bull market. Which sectors do you think might lead the uptrend this year
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Nicole Desiree Simon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Really helpful, thank you
I’ve realized that the secret to making a million is making better investment..🙂
May I ask which investments are good?
I've been looking at a few different ones but want others' opinions as well.
@@RobertDavid212In my view, having a Financial Adviser is crucial. They provide expert guidance for entering and exiting investments seamlessly, ensuring a consistent and profitable financial journey.
@@natina1957*Victoria k Walter*, That's Whom I Work With_
@@marywils8118Wow I'm surprised you know her too, she’s amazing!
This opportunity has changed my life, My credit score increased tremendously, I became a multiple 6 figure earner, I'm able to financially, support my family. I now have the time to be with my family and also the luxurious life I've Dreamt of.
Thank you for the video, this answered many questions I had.
Glad it helped
Hi Tom. Great Video. Please advise on the following if possible, What's the process for closing down your ISA, and how do you account for any gains you may have on your chosen investments? I understand there ISA acts as a 'wrapper', but how do you account for it. Thanks
nice one Tom. keep up the good work.
Thanks as always Rob.
Great video - thanks 🙏
Hi, I’m new here. Excellent video. Thanks!
Thank you so much for this great video! I've just started learning about investing.
Do I have to declare whatever returns I make from a stocks and shares ISA on my self-assessment tax return?
If you want to sell your stocks, how do you know you'll find a buyer for them?
Hi Tom, great video and very to the point. Trying to understand the £20k limit a bit better:
1. Say i add £20k to my ISA by the end of the tax year, do I have to then take that £20k out of the iSA and into a generic savings account to then starting adding in more money to the ISA and avoid the tax? Or can you keep adding money in and it won't be taxed (i.e. be able to reach £40k in the isa by the next tax year, then £60k etc.)
2. Does the money you make from the investments count towards the £20k tax-free amount? So if i added £10000 and had a £1000 return would the overall balance be £11000 meaning i can only add £9k more in that tax year?
1. No, you can leave it in and keep adding to it when the allowance is renewed. People have hundreds of thousands in ISAs built up over many years.
2.No, the £20k allowance is capital added by you - not the return on your investments.
I had the exact same two questions!
@@ThatFinanceShowAmazing, thank you. So it's basically a maximum of £20k per year allowed in the ISA to remain tax free ❤ And all of the previous years of stacking £20k can remain there tax free 🔥
😵💫Very informative; thank you. still confused on some aspects. Would love, if you can shed some light on the following.
1. If I choose a stock and shares ISA where I manage the investments myself. Could I invest that cash in social trading platforms? and use the ISA same like a bank account to register with social trading platforms or a broker platform.
2.Could I trade from a cash ISA on social trading platforms or a broker platform; use the cash ISA exactly like a bank account?
I wish i had done mine years earlyer dident know enough about it at the time as i had a cash isa i dident use
Hiya. I'm going to get my CTF in 2 weeks and I was looking into putting it into a stocks and shares ISA. I was wondering how I would go around that and what is the best for me as a person turning 18?
Nice informative video on Stock and Shared ISA.I have some basic questions after watching this video.1. Let's say, I made an investment of 10K on a current financial year in a stock and shares ISA ,does it only give me tax benefit from the capital gains and Dividend income made from that 10k investment I made or i am entitled to get tax benefit on the 10k invested amount also? 2. Does annual allowance 12,300 means you don't need to pay any tax on your capital gain on a financial year in UK if the gain is less than £12,300 and ISA account holder will only benefit when his or her gain is over 12,300 limit in a financial year?
Hello Tom, what a really useful video, thank you. I have just started investing with a stocks and shares ISA and intend to do so for the long term. At the beginning of the next financial year, can I use the same ISA, but the allowance is reset so I end up with one large ISA, or do I have to open a new stocks and shares ISA each year so ultimately end up with 50 smaller ones. Thank you again.
Really helpful! Hope this channel grows 🙏
Thank you Barney, I appreciate that
Yeah same here, I'm really Blessed by this ❤
Another fantastic video Tom and a absolute must watch for anyone starting out on their investment journey 👍🏼
Glad you think so! Thanks Steve.
The markets are crap at the moment most of my stocks are under performing apart from rolls royce and iag
Hi, what's the best platform for if I grow my dividend portfolio into the millions overtime.
Is the money protected? Or do I put into a ISA within the platform?
Thank you
If I wanted to invest £100 a month for example, say the money was taken from my bank automatically, do I buy different stocks each month? They say to diversify, so should I then alternate 5 or 6 companies to invest in and cycle through them month on month? I’m a complete noob so apologies if this is a stupid question
Which one would you recommend I am a total beginner?
1. FTSE 100 Index Unit Trust Accumulation
2. LifeStrategy® 60% Equity Fund - Accumulation
3. FTSE All-World UCITS ETF (VWRL)
4. S&P 500 UCITS ETF (VUSA)
Hi Maxel, I can't recommend anything I'm afraid. It's all about understanding what is in those funds. For example, whether you want just UK companies (FTSE 100) or whether you want to diversify further and go global with VWRL for example. I think diversification is the key.
Yes, I love that answer, and I agree diversity is the way forward, so that one is not limited. I'd love to see a video on diversifying please 🎉
Lovely - nice run through and easy to digest 👍
Thanks David
Quality video
Thank you Samuel, appreciate you saying so
I'm new to trading, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Maria Andersen has really set the standard for others to follow, we love her here in Ontario Canada I as she has been really helpful and changed lots of life's
please educate me, l've come across this name before, Now i'm interested
Please is there any link or information about her, how can I reach her?
she's mostly on Telegrams, with the user name.
@Mariaa207👈💯
Great!😀
Very informative video. High appreciation.
If I invest 20000 pounds in ISA shares and stocks and the value grows to 30000. Will 30k pounds will be remain tax free?
sup bro great video and So if i want to have something similar to Roth IRA's when it says open account which one would you pick stocks and shares and ISA or personal pension ?
So can you make money on investments in an invest isa account and not pay tax or need to do a self assessment even of you earn full time wages? At what point would you need to declare gains?
Can international students open the account and start the investment?
Where should i save for mortgage? ISA on moneybox or on joint account on my lloyds?
This was very helpful!
So it over 4 years you had £80k sat in a stocks and shares ISA, does that mean each year you could take out the interest tax free for example? And if so is there a limit to what you can take out if you aren’t putting £20k actually in each year but you have more than that as a total?
Amazing video, Stock trading has proven to be beneficial over the decades but personally you will never understand how profitable stock trading is until you start investing, I was able to make good profit in a months, Mr Ramakrishna adopt the trading strategy that will always protect your investment at every market collapse it's really awesome.
He often interacts via telegrams.
His mostly on Telegrams..
@Ramakrishna ]👈
@Ramakrishna10
Hello Tom,
Thanks for the video. I was wondering if there are any limitations to the stocks you can buy through ISA. I noticed that every provider I have found so far only allows me to buy Uk individual stocks. Is this a rule for ISA?
Thanks
Hi there, nope that’s not a rule, you can buy shares from all over the place if your platform has them available. Trading 212 for example, link in my description for a free share with them!
Why I have heard that you have to hold your Isa for at least 1 year not to pay capital gains if u were in a profit
Nope, no CGT in an ISA
Hi Tom, I have a cash ISA and a stocks and shares ISA (opened in different tax years), so am I correct in thinking that I can deposit into both in the same year without having any deductions from the tax man?
Tom, nicely done video, however @ 2:44 "... one stock and shares ISA per provider, per tax year" - slightly misleading. It suggests you can have multiple stocks and shares ISAs in a tax year so long as they are with different providers? - "Can contribute to one stock and shares ISA per tax year" - full stop.
Hi Trevor, yes I see what you mean with that comment in isolation. Hopefully the statement before gives it context but to be clear you are right, 1 stocks and shares ISA per tax year. Thanks for watching and taking the time to comment.
That same bit confused me too - (I’m a beginner at this) I googled around to check!
Worth it for divident or a massive profit on a share
Thanks for this. If I invest say £1000 into a S&S ISA using funds, and after a few years I see it's not performing well. Does that mean I could potentially lose my entire outlay or is it protected from dropping below the value I invested? Thanks
When investing your capital is at risk so yes you can lose money. In order for your money to go to 'zero' the investment has to be worthless, i.e you put it on one stock and the business goes bust. This is where diversification and investing in lots of different assets helps to protect you.
Shall I open it in my online bank or using other platform is better?
This was not helpful at all in the slightest .. how do I invest the money ?
Hi I have a question. If I have a Lifetime ISA which I’m putting the max £4k per year (to get the 25% gov match for first time property buyers)… does that limit the amount I can put into my Stocks & Shares ISA?
I’ve had my LISA open for a few years and it’s with a different provider, whereas the Stocks & Shares ISA has been opened in the last week.
What are the implications of having both accounts if I’m putting in £4k to my LISA annually?
Thanks for your help, love your content.
Hey! The £4,000 counts towards your overall £20,000 ISA allowance. So if you do £4,000 in there each year, you have £16,000 of your allowance left to use. Hope this helps.
I opened up a cash isa in Feb 2023. Does that mean I can open a stocks and shares isa now in November 2023 as its a new tax year? Or do I wait till Feb 2024. How do I best split 20k over the different isa"s? Great video thanks
Yes you can open another one now if it's with a new Provider, or wait to April during the new tax year to use the same provider, and you can even Transfer your money from the cash ISA into the new Stocks and Shares ISA ❤
@@skinbeautyproducts1998 thanks
my friend into pension time pays so much fees on his pension so he is prepared to take lump sums and put them on isa. He can do 2 years of £20k as tax allowances on isa. However when he will get (if he gets) dividends from stocks, do these dividends count against the tax allowance £20k? Let's figure out that he puts straight away £20k, then maybe he will get £2k as dividend for the same tax year (that is before 5 April 2023) or even perhaps capital return such as what Aviva did this year. In these cases how can he calculate and what will happen if he does not take the money to his nominated current bank account? Does it mean that the £2k dividend he will receive from his stocks this year will be deducted from the £20k he wants to put into the S&S Isa next year? Otherwise he's got to put less money into the S&S isa but it is soooo difficult to figure out in advance how much dividend he is likely to receive ultimately? Your guidance would be useful. Many thanks in advance.
Hi there. I can't give advice here - it really sounds like your friend should speak to a financial adviser. Dividends received on investments held in an ISA don't count towards the annual allowance though I can tell you that much .
Thanks Tom, are there any apps you would recommend for the stocks and shares ISA ?
Hi. I can’t recommend as such, but check the links in my description.
Hi , I have been paying into a stocks and shares isa this tax year , can I do a transfer to another broker in the same tax year and close the current one and then start funding the new one, or do I need to wait until April to do a transfer now.
I have just tried to do a transfer with interactive brokers and got the message " you can only contribute to one stocks and shares ISA per tax year" and I can't seem to get clarification on the rules online.Thanks
Hi Tom,
New to Stocks and shares ISA so a quick question hopefully you can help with.
Say I deposit 20k into a stocks and shares ISA and invest in a single stock and then sell for 25k within the same tax year am I then okay to re-invest that 25k into another stock and so on and so on or once I buy/sell the full value of 20k im then done
Yes the allowance is on money entering the ISA, not what happens once the money is in there
Great video. Quick question from an investing noob who just bought my first stock. Can I have 2 separate stocks and shares ISA's with 2 different brokers (in my case, Fidelity and Freetrade?)
I want to use Fidelity for my mutual fund investments and freetrade for stocks.
You can’t put money into 2 different ones in the same tax year. You could put money into one this year, leave it there and then find a different one from April next year in the new tax year
@@ThatFinanceShow Ah right I see. Thanks for the simple explanation. Love the channel!
People beware of these regular investment calculators. The word COULD should be taken seriously. I’ve paid £450 per month for 16 years into a stocks and shares ISA. I’ve never taken anything out yet I have less in there today than I put in! Better off letting my money snooze in a no interest bank account!! 16 years Negative return!!
What are you invested in!? These are terrible figures
He probably invested in failed penny stocks 😂.
Thanks Tom. If you're lucky enough to have more than £20k a year to invest in funds, is there another tax-efficient way to do it? Or is it a case of using a non-ISA investment account, and using techniques like splitting any capital gains over different tax years etc?
Don’t forget pensions!
@@ThatFinanceShow ah, of course. Good shout :-)
@@ThatFinanceShowYou're amazing 🤩
Hi. Great video. Thanks. Quick Q. If you max out allowance one year (not that I can! Just hypothetical for my understanding), then open another ISA next year does your original ISA still benefit from all the same things even though you would no longer be contributing to it/have over 20k in ISAs? Is the 20k just an annual allowance? Is it only the current years ISA that benefits from the terms of the wrapper? If not, can the terms of the ISA change after the first year? Thanks!!
Yep, it still benefits. You can only put in £20k of your money into the ISA each year, how much you build over time is limitless and it all still benefits from the tax advantages. So you can have £1million in ISAs for example over time and it would all still benefit. Hope that answers the question!
I was going to ask the same thing! But already found the answer! Thank you!
Hey Tom, what do you think of free trade? I’ve got an isa with them and wanted to know your opinions? Also, do you have a telegram or anything to communicate?
I'm tier 2 visa holder can I trade in Forex market?
If you reinvest the dividends in an ISA account does that mean they count towards the annual allowance? For example if your dividend payments are 100£ per month which are getting reinvested you should have in mind that your allowance will become 20.000-1.200=18.800?
Nope the allowance is for new money you contribute, not dividends reinvested.
So I can have a stocks and shares isa with vanguard and another one with InvestEngine and pay into both in the same financial year, as long as they opened in different financial years and I stay under the 20000 cap in total?
No
Hi Tom, another fab video, great info. Quick question. I was paying into a Trading 212 S&S ISA and also Moneybox S&S ISA at the same time. I stopped paying into Moneybox when I realised the rule. Haven't touch it at all since. Moneybox will report to HMRC my activity right? Expecting a bit of a tax bill come April. But can I take that money out to use else where? Thanks for any help!
Hi Liam, HMRC used to have (I think they still do) have an ISA helpline, they should be able to guide you. Won't be a huge problem though I wouldn't think. All that usually happens is they need to work out what tax you saved that you shouldn't have.
If your investment company charges £11.95 per trade surely it makes investing small amounts un profitable ?
Simply, yes. Investing amounts where the 12 quid fee is going to deter you, don’t bother
Can two GIA account be opened in the same year. Can GIA account converted into stock and share isa
You can have as many GIAs as you like. They can't be 'converted' into stocks and shares ISAs but many providers will let you move money across into an ISA, it's called Bed and ISA.
What should you do if you accidentally contributed to two stocks and share ISAs in the same financial year?
HMRC have an ISA helpline that you could talk to (at least, they always used to).
What’s the best stocks and shared isa that i should start investing in. ?
Lots to choose from and I can’t give advice here. Depending on whether you want to invest in individual companies or funds, you want someone with plenty of investment choice and reasonable / low fees.
I have opened an S&S ISA account with vanguard but I haven't invested anythjng yet. I would like to start another one with InvestEngine this year. Am I allowed to do by cancelling Vanguard account? Please help.
First understanding the financial market and how it works then you need to know how to study the market charts. That's all you stand to get when you start trading with Ramakrishna. His highly recommendable and his signals that works.
Tell him I referred you.
@Ramakrishna10
He often interacts via telegrams.
@Ramakrishna10 That is his user name
So could I open a cash isa from two different providers or would I have to wait until April to open the second one?
If you’ve contributed to a cash ISA this year, you’d have to wait until next tax year to contribute to one with a different provider.
@@ThatFinanceShow Thanks for the reply but I have another question. I read somewhere that I could open different types of isas such as a lifetime isa and a cash isa in the same financial year. Is this true?
Hi also if I withdraw money from a Lisa account for a house does that account close now or can I still put money into it until I’m 50 and then be able to take it out at 60?
Hi what if I use my limit 20 k ? Can I add 20 k in next tax year ?
Yes, you can
Can i open 1 Cash ISA & 1 Stock ISA in the same tax year?
Yes you can, have to stay within the overall annual allowances across the two though.
Also would be great to hear your opinion on the current economy of the UK and future prospects.
Hello, I have a quick question. If I add money monthly (20k by the end of the tax year) - how will I earn my interests?
All depends on what you invest in, the value of which will go up and down and you may have dividends and interest too depending on what you choose to put in 'the basket'
As a student in the UK with student visa, can I invest in ISA for free?
No, you’re not a UK resident so you can’t open an ISA.
Mrs Barbara the bitcoin trader is legit and her methods works like magic I keep on earning every single week with her new strategies
Wow I'm just shocked someone mentioned expert Barbara I thought I'm the only one trading with her
That cow scammed me
Is a SIPP a stocks and shares ISA?