What is a Stocks and Shares ISA? Explained in 3 Minutes!

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A stocks and shares ISA, this video explains everything you need to know about the tax-free wrapper open to UK residents.

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[CHH.]

WOW, I did not know all this. Thank you!

[rmc]

I have some company shares which I've bought via a share save scheme can i transfer them into a s&s Isa? all the videos I've watched don't mention anything about this. thanks.

[samsungdiscx]

1. Have opened one ISA account in HSBC ( LOY_ISA_Adv) ( In OCT 2023) and deposited 20000.00 GBP and withdraw 5000.00 GBP in March 2024 ?

2. I opened one more Cash ISA in NatWest in March 2023 and deposited 20000.00 GBP

3. Have opened one more ISA account and deposited 20000.00 GBP and withdraw all amount in one day in Halifax .

Here my question is can i have any tax issues or penalties from HMRC as i have two ISA accounts with 20000.00 GBP amount in each account ?

Requesting for your kind advice

[lcic]

Hi Toby, I've been researching investing for a few weeks and your channel is by far the best uk channel i have found! thank you! This is all very new to me; for my first year say if I had £20K to invest, would you max out on your stocks and shares ISA first because its tax free or would you spread the £20K across other investments to broaden your portfolio? i.g £10K in isa, £5K bonds £5K something else?

[Bestie-c]

I had no idea we can only contribute to one provider per year.

I had my ISA with Hargreaves Lansdown and then withdrew it.does that mean I now can't put some in with Vanguard?

[VanGrig]

Very informative, thank you!

Any idea if I opened a stocks and shares ISA before April this year and I contributed to it after April until now. Could I still open stocks and shares ISA account this year or do I need to wait until next year?

[WaldronsSousas]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[benjaminanderson]

Everyone is recommending trading 212, are they the company that will charge you the lowest fees?

[DreamhouseprojectHKW]

Hi Toby, hope you are keeping well? Enjoying your videos, very informative!

I currently hold an ISA with SJP and have contributed <£20k so far this tax year. Is it possible to open a new ISA with a separate broker and contribute the remaining limit ? I.e. £10k to each pot ?

[clive-ps]

Hi Toby, You say you could, make a gain using your £20000, and maybe double it, could you then use the money you gained, to buy more shares in that same tax year ? Regards Clive

[Vanosphere]

This doesn't explain anything. Where does the money go, if you invest in stocks you're buying the stocks. Where does the £20k come into it?