Stocks And Shares ISA For Beginners 2022 (UK)

Stocks and Shares ISA For Beginners 2022 (UK). This is a complete beginners guide to stocks and shares ISAs.
A stocks and shares ISA is an amazing and easy way for you to invest free from UK Tax and all you have to be is over the age of 18 and a UK resident for tax purposes. The tax advantages make these the perfect place to invest and if you’re not using a stocks and shares ISA then you’re missing out - let’s change that.
For this Stocks and Shares ISA For Beginners 2022 (UK) video, here are your timestamps:
0:00 - Intro
0:42 - What Are They?
01:17 - Taxes
01:38 - The Annual Allowance
02:35 - How Many You Can Have & Transferring
03:46 - What Returns You Might Get and What Happens With Income You Receive?
05:20 - Costs
06:05 - Withdrawals
06:41 - How To Compare Providers
07:19 - What Makes Them Succeed or Fail
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Hi there! My name is Tom Morgan, Founder & Financial Planner of Orca Wealth Ltd, welcome to my KZread channel ‘That Finance Show’. I’m very glad to have you here because this channel gives me the opportunity to help people and share information with those who wouldn’t normally get it.
► MY INDEPENDENT REGULATED FINANCIAL PLANNING BUSINESS - Orca Wealth Ltd. If you are interested in how proper Financial Planning could help you visit my website below to learn more and enquire.
🎯www.orcawealth.co.uk
Orca Wealth Ltd (FRN: 1007211) is an appointed representative of Sense Network Ltd (FRN: 465124) , which is authorised and regulated by the Financial Conduct Authority.
► MY ONLINE STORE (for all your TFS goodies, T Shirts, Mugs etc)
🎯www.thatfinanceshow.com
► TRADING 212 (for investing in funds and individual shares)
If you want to use Trading 212, use this link and get yourself a free share worth upto £100!
🎯 www.trading212.com/invite/FMJT5xrl
Trading 212 UK Ltd. is Authorised and Regulated by the Financial Conduct Authority (FRN: 609146).
► INVESTENGINE (for investing in ETF’s only)
Get £25 when you invest at least £100 with InvestEngine (Ts&Cs apply) with this link:
🎯 investengine.pxf.io/x9d6gx
InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128).
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.
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RISK WARNINGS
When investing remember, your capital is at risk. Investments can fall and rise and you may get back less than you invested. Tax treatment depends on your individual circumstances and may be subject to change. This channel is for information and entertainment only. The information provided by Tom and That Finance Show is not intended to address your particular requirements and should not be construed as advice. Neither Tom or ‘That Finance Show’ will not be held responsible for any actions you take as a result of watching these videos.
#stocksandsharesISA #investingforbeginners

Пікірлер: 210

  • @blessingpaul5484
    @blessingpaul548410 ай бұрын

    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.

  • @philipcollen482

    @philipcollen482

    10 ай бұрын

    That’s crazy, I’m just doing everything wrong with my portfolio.

  • @SophiaBint-wj8wn

    @SophiaBint-wj8wn

    10 ай бұрын

    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.

  • @Jessicatorres_768

    @Jessicatorres_768

    10 ай бұрын

    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.

  • @KatherineAnderson-lm8bw

    @KatherineAnderson-lm8bw

    10 ай бұрын

    Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

  • @brittanynicolette9473

    @brittanynicolette9473

    10 ай бұрын

    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.)

  • @marlisamirabal
    @marlisamirabal2 ай бұрын

    Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

  • @softy-bf5eg

    @softy-bf5eg

    2 ай бұрын

    Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

  • @TitaAnderson

    @TitaAnderson

    2 ай бұрын

    The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

  • @Cammimullens

    @Cammimullens

    2 ай бұрын

    nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

  • @TitaAnderson

    @TitaAnderson

    2 ай бұрын

    ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

  • @Cammimullens

    @Cammimullens

    2 ай бұрын

    Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @osipsymon4168
    @osipsymon41688 ай бұрын

    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!

  • @helenrhettgordon696

    @helenrhettgordon696

    8 ай бұрын

    wow!!! how are you able to achieve all that given that the market has being a mess most of the year?

  • @osipsymon4168

    @osipsymon4168

    8 ай бұрын

    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.

  • @helenrhettgordon696

    @helenrhettgordon696

    8 ай бұрын

    I could really use some guidance, haven't been doing so great as of late, who is this person that guides you.

  • @osipsymon4168

    @osipsymon4168

    8 ай бұрын

    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

  • @helenrhettgordon696

    @helenrhettgordon696

    8 ай бұрын

    Alright thanks I'll look her up for inquiries

  • @dyadun
    @dyadun Жыл бұрын

    Great video - thanks 🙏

  • @TobyNewbatt
    @TobyNewbatt2 жыл бұрын

    Simple. Concise. To the point. Great Vid.

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Glad you liked it!

  • @robkyle2008
    @robkyle20082 жыл бұрын

    nice one Tom. keep up the good work.

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Thanks as always Rob.

  • @rhood101
    @rhood101 Жыл бұрын

    Thank you for the video, this answered many questions I had.

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Glad it helped

  • @followingthebabysteps4545
    @followingthebabysteps45452 күн бұрын

    Really helpful, thank you

  • @hawkgodman
    @hawkgodman Жыл бұрын

    Thanks Tom. those words contain magic "tax free"

  • @samsutton-jeffs7416
    @samsutton-jeffs74162 жыл бұрын

    Quality video

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Thank you Samuel, appreciate you saying so

  • @PrettyPennyClub
    @PrettyPennyClub2 жыл бұрын

    Lovely - nice run through and easy to digest 👍

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Thanks David

  • @AnastasiaIvan-hs3vg
    @AnastasiaIvan-hs3vg5 ай бұрын

    I’ve realized that the secret to making a million is making better investment..🙂

  • @RobertDavid212

    @RobertDavid212

    5 ай бұрын

    May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.

  • @natina1957

    @natina1957

    5 ай бұрын

    @@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.

  • @marywils8118

    @marywils8118

    5 ай бұрын

    @@natina1957*Victoria k Walter*, That's Whom I Work With_

  • @BrittanyDoris

    @BrittanyDoris

    5 ай бұрын

    @@marywils8118Wow I'm surprised you know her too, she’s amazing!

  • @JenniferLynd

    @JenniferLynd

    5 ай бұрын

    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.

  • @ahoughton
    @ahoughton6 ай бұрын

    Hi, I’m new here. Excellent video. Thanks!

  • @asawdustjourney
    @asawdustjourney2 жыл бұрын

    Victory Amps - worthy of a sub just for that. PS, great content

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Haha brilliant. Great to hear from someone who appreciates guitar gear!

  • @maureenbennett809
    @maureenbennett809 Жыл бұрын

    Great!😀

  • @SteveDuts
    @SteveDuts2 жыл бұрын

    Another fantastic video Tom and a absolute must watch for anyone starting out on their investment journey 👍🏼

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Glad you think so! Thanks Steve.

  • @kalilavalezina
    @kalilavalezina Жыл бұрын

    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?

  • @JohnGreenwoodPhotography
    @JohnGreenwoodPhotography Жыл бұрын

    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.

  • @BarnsWills
    @BarnsWills2 жыл бұрын

    Really helpful! Hope this channel grows 🙏

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Thank you Barney, I appreciate that

  • @skinbeautyproducts1998

    @skinbeautyproducts1998

    6 ай бұрын

    Yeah same here, I'm really Blessed by this ❤

  • @niharshiplu
    @niharshiplu Жыл бұрын

    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?

  • @DamienTalksMoney
    @DamienTalksMoney2 жыл бұрын

    Amazing this video for beginners mate. Defo a place to start for people. Consider setting up a playlist for your channel?

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    Thanks mate, yeah good idea.

  • @richardasimba5867
    @richardasimba5867 Жыл бұрын

    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 ?

  • @sianwozere1
    @sianwozere13 ай бұрын

    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

  • @prince170591
    @prince170591 Жыл бұрын

    Where should i save for mortgage? ISA on moneybox or on joint account on my lloyds?

  • @mitchellsmith-mx8bg
    @mitchellsmith-mx8bg6 ай бұрын

    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

  • @damme91
    @damme9110 ай бұрын

    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

  • @funkdoc2001
    @funkdoc2001 Жыл бұрын

    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?

  • @jameslister412
    @jameslister4128 ай бұрын

    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?

  • @rich3222
    @rich3222 Жыл бұрын

    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

  • @ellerellerek52
    @ellerellerek52 Жыл бұрын

    Shall I open it in my online bank or using other platform is better?

  • @hemanthakuk5318
    @hemanthakuk5318 Жыл бұрын

    😵‍💫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?

  • @rebeccaw1274
    @rebeccaw12748 ай бұрын

    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?

  • @zaidhakim
    @zaidhakim Жыл бұрын

    Thanks Tom, are there any apps you would recommend for the stocks and shares ISA ?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Hi. I can’t recommend as such, but check the links in my description.

  • @philippusparacelsus4136
    @philippusparacelsus4136 Жыл бұрын

    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

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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!

  • @kbonh22
    @kbonh22 Жыл бұрын

    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.

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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

  • @kbonh22

    @kbonh22

    Жыл бұрын

    @@ThatFinanceShow Ah right I see. Thanks for the simple explanation. Love the channel!

  • @maddysys
    @maddysys5 ай бұрын

    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

  • @geraldcoleman3596

    @geraldcoleman3596

    5 ай бұрын

    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.

  • @sheltonPston

    @sheltonPston

    5 ай бұрын

    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.

  • @chrissmurrayy

    @chrissmurrayy

    5 ай бұрын

    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?.

  • @sheltonPston

    @sheltonPston

    5 ай бұрын

    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.

  • @Patatkevin

    @Patatkevin

    5 ай бұрын

    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.

  • @edinimusic
    @edinimusic11 ай бұрын

    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.

  • @ThatFinanceShow

    @ThatFinanceShow

    11 ай бұрын

    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.

  • @drmanhattan225
    @drmanhattan225 Жыл бұрын

    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

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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.

  • @shanksy9219
    @shanksy9219 Жыл бұрын

    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

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Yes the allowance is on money entering the ISA, not what happens once the money is in there

  • @Motivation___Queen
    @Motivation___Queen4 ай бұрын

    Can international students open the account and start the investment?

  • @sdbrogs
    @sdbrogs19 күн бұрын

    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

  • @damme91
    @damme9110 ай бұрын

    Worth it for divident or a massive profit on a share

  • @damme91
    @damme9110 ай бұрын

    The markets are crap at the moment most of my stocks are under performing apart from rolls royce and iag

  • @zMikeee
    @zMikeee Жыл бұрын

    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?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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.

  • @pudgepudge1548

    @pudgepudge1548

    Жыл бұрын

    I had the exact same two questions!

  • @skinbeautyproducts1998

    @skinbeautyproducts1998

    6 ай бұрын

    ​@@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 🔥

  • @thejessbombshellx
    @thejessbombshellx2 жыл бұрын

    What’s the best stocks and shared isa that i should start investing in. ?

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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.

  • @maxelbrig1315
    @maxelbrig13152 жыл бұрын

    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)

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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.

  • @skinbeautyproducts1998

    @skinbeautyproducts1998

    6 ай бұрын

    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 🎉

  • @user-rx5we5rj9k
    @user-rx5we5rj9k8 ай бұрын

    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?

  • @ThatFinanceShow

    @ThatFinanceShow

    8 ай бұрын

    Nope the allowance is for new money you contribute, not dividends reinvested.

  • @ivorboner908
    @ivorboner908 Жыл бұрын

    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?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Don’t forget pensions!

  • @ivorboner908

    @ivorboner908

    Жыл бұрын

    @@ThatFinanceShow ah, of course. Good shout :-)

  • @skinbeautyproducts1998

    @skinbeautyproducts1998

    6 ай бұрын

    ​@@ThatFinanceShowYou're amazing 🤩

  • @safiulhasan4167
    @safiulhasan41672 жыл бұрын

    Can two GIA account be opened in the same year. Can GIA account converted into stock and share isa

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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.

  • @ksks6619
    @ksks6619 Жыл бұрын

    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.

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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 .

  • @Major_Positive
    @Major_Positive Жыл бұрын

    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?

  • @NOTORIOUS_K.B
    @NOTORIOUS_K.B Жыл бұрын

    So could I open a cash isa from two different providers or would I have to wait until April to open the second one?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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.

  • @NOTORIOUS_K.B

    @NOTORIOUS_K.B

    Жыл бұрын

    @@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?

  • @NOTORIOUS_K.B

    @NOTORIOUS_K.B

    Жыл бұрын

    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?

  • @jayel9419
    @jayel94192 жыл бұрын

    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!!

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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!

  • @DanSousa86

    @DanSousa86

    Жыл бұрын

    I was going to ask the same thing! But already found the answer! Thank you!

  • @SandraCherry-qk2cw
    @SandraCherry-qk2cw16 күн бұрын

    To obtain financial freedom, one must either be a business owner, an investor or both generating passive income particularly on a weekly or monthly basis. That's the key to living financially stable...

  • @SharonCherry-li5nv

    @SharonCherry-li5nv

    16 күн бұрын

    I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it

  • @ChristianChristian-ll3gv

    @ChristianChristian-ll3gv

    16 күн бұрын

    Imagine investing in Bitcoin earlier you could have been a multi millionaire precently

  • @WilliamsMichele

    @WilliamsMichele

    16 күн бұрын

    gYou are right Been thinking of going into gold and cryptocurrency

  • @user-fb5en3ub2w

    @user-fb5en3ub2w

    16 күн бұрын

    Assets that can make you rich *Fx *Bitcoin *stocks *Gold *Real estate

  • @ChiPrincess-qe9by

    @ChiPrincess-qe9by

    16 күн бұрын

    You're right but a lot of people remain poor due to ignorance

  • @ARW.7
    @ARW.79 ай бұрын

    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?

  • @krishanthony7371

    @krishanthony7371

    9 ай бұрын

    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.

  • @krishanthony7371

    @krishanthony7371

    9 ай бұрын

    He often interacts via telegrams.

  • @krishanthony7371

    @krishanthony7371

    9 ай бұрын

    His mostly on Telegrams..

  • @krishanthony7371

    @krishanthony7371

    9 ай бұрын

    @Ramakrishna ]👈

  • @krishanthony7371

    @krishanthony7371

    9 ай бұрын

    @Ramakrishna10

  • @kelle_li
    @kelle_li2 жыл бұрын

    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!

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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.

  • @HardeepSingh-qm6ew
    @HardeepSingh-qm6ew Жыл бұрын

    I'm tier 2 visa holder can I trade in Forex market?

  • @freespirit4350
    @freespirit43507 ай бұрын

    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

  • @skinbeautyproducts1998

    @skinbeautyproducts1998

    6 ай бұрын

    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 ❤

  • @freespirit4350

    @freespirit4350

    6 ай бұрын

    @@skinbeautyproducts1998 thanks

  • @user-xe3zf7bb2m
    @user-xe3zf7bb2m9 ай бұрын

    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.

  • @michaeljamie4874

    @michaeljamie4874

    9 ай бұрын

    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.

  • @michaeljamie4874

    @michaeljamie4874

    9 ай бұрын

    Tell him I referred you.

  • @michaeljamie4874

    @michaeljamie4874

    9 ай бұрын

    @Ramakrishna10

  • @michaeljamie4874

    @michaeljamie4874

    9 ай бұрын

    He often interacts via telegrams.

  • @michaeljamie4874

    @michaeljamie4874

    9 ай бұрын

    @Ramakrishna10 That is his user name

  • @Gidis96
    @Gidis96 Жыл бұрын

    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

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Nope, no CGT in an ISA

  • @postmanlondon
    @postmanlondon5 ай бұрын

    If your investment company charges £11.95 per trade surely it makes investing small amounts un profitable ?

  • @JeatBunkie

    @JeatBunkie

    3 ай бұрын

    Simply, yes. Investing amounts where the 12 quid fee is going to deter you, don’t bother

  • @adityavishnu3
    @adityavishnu3 Жыл бұрын

    Can i open 1 Cash ISA & 1 Stock ISA in the same tax year?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Yes you can, have to stay within the overall annual allowances across the two though.

  • @adityavishnu3

    @adityavishnu3

    Жыл бұрын

    Also would be great to hear your opinion on the current economy of the UK and future prospects.

  • @chris-jh4cx
    @chris-jh4cx2 жыл бұрын

    What should you do if you accidentally contributed to two stocks and share ISAs in the same financial year?

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    HMRC have an ISA helpline that you could talk to (at least, they always used to).

  • @Clarioner1
    @Clarioner12 жыл бұрын

    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.

  • @ThatFinanceShow

    @ThatFinanceShow

    2 жыл бұрын

    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.

  • @aneeshaanand4472

    @aneeshaanand4472

    2 жыл бұрын

    That same bit confused me too - (I’m a beginner at this) I googled around to check!

  • @giuliarighi3501
    @giuliarighi3501 Жыл бұрын

    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?

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    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'

  • @EVil-ob8in
    @EVil-ob8in Жыл бұрын

    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!!

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    What are you invested in!? These are terrible figures

  • @jj-oo3jv

    @jj-oo3jv

    2 ай бұрын

    He probably invested in failed penny stocks 😂.

  • @joshuahulme1814
    @joshuahulme1814 Жыл бұрын

    Its currently 5:30 am, watching this woke my girlfriend, well worth it thankyou for giving advice, im 19 and this will help me a lot

  • @ThatFinanceShow

    @ThatFinanceShow

    Жыл бұрын

    Glad it helped!!

  • @joshuahulme1814

    @joshuahulme1814

    Жыл бұрын

    @@ThatFinanceShow Your videos have really helped give me an eye opener and im so shocked you replied because i really hope i can be like you one day :)

  • @davidthomson3592
    @davidthomson35928 ай бұрын

    This was not helpful at all in the slightest .. how do I invest the money ?

  • @rozanfah
    @rozanfah3 ай бұрын

    As a student in the UK with student visa, can I invest in ISA for free?

  • @JeatBunkie

    @JeatBunkie

    3 ай бұрын

    No, you’re not a UK resident so you can’t open an ISA.

  • @noahalexi1973
    @noahalexi1973 Жыл бұрын

    Mrs Barbara the bitcoin trader is legit and her methods works like magic I keep on earning every single week with her new strategies

  • @diegoalcantra2604

    @diegoalcantra2604

    Жыл бұрын

    Wow I'm just shocked someone mentioned expert Barbara I thought I'm the only one trading with her

  • @tufael2965

    @tufael2965

    9 ай бұрын

    That cow scammed me

  • @user-ns5yn8ux2u
    @user-ns5yn8ux2u6 ай бұрын

    Is a SIPP a stocks and shares ISA?