What is an ISA and when should you use one?

What is an ISA and when should you use one? Individual Savings Accounts are really important products or ‘wrappers’. Once you understand how they work and the tax advantages of using them, they can be a really useful tool for building your wealth into the future.

The offer is valid for new clients who sign up before the end of April 2023. Conditions apply.

⌚ Timestamps:

0:00 - Intro
1:21 - What is an ISA?
1:58 - What taxes can you save?
4:14 - The different types of ISAs available
5:26 - An introduction to the T212 Stocks and Shares ISA
6:23 - How much can you put in an ISA (The ISA Allowance)
8:41 - Withdrawals
9:43 - Transferring ISAs
10:39 - Trading 212's New ISA Offer!

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Our Investing 101 series covers the fundamentals of investing and tries to bring you the basics to build a solid foundation. Let us know in the comments about future topics you would like to see covered in these videos.



Tom's personal YouTube channel: @ThatFinanceShow

#ISA #Stocks #Investing #Investing101 #Trading212 #Trading #Equities

When investing, your capital is at risk. Investments can fall and rise and you may get back less than you invested. The information contained within the video was correct at the time of recording but may have since changed.

[huthmanjagun]

Thanks I am new to 212 Invest & ISA is of particular interest. Useful information here. Its now to know what exactly I can trade into an ISA account including use of PIES.

[OH-cjif]

You can also open multiple ISAs in the same tax year if it is only used for transferring and not adding anything.

[OH-cjif]

Not all providers accept transfers from different types of ISA.

[TheTrauma]

What I if open an Isa put in 20k and leave it there. Can I still use it when I am not a Uk resident anymore? No topping up obviously.

[muratdagdelen]

can we open an ISA account at Trading 212?

[kevinisawake]

I need more detail - this stuff is way way way over my head even after this great explanation. Break it down please.

[carey.]

Does a UK Stocks ISA protect me from taxes on USA based stocks?

[efootballempire]

Can I open a lifetime ISA on trading 212?

[_TheVAX_]

If I want to transfer my full pot of 100k accumulated over the years on my current Isa to a new Isa… will that keep being tax free even if I’m adding more than 20k to a new Isa in that tax year? I guess yes right? Since I’m not really adding, just transferring.

[mort]

Nice video, if I make 40k profit in my trading 212 isa account and kept reinvesting the profit but not taking it out of the isa account is it all covered by the isa tax wrapper?

[MegaScooter]

Is today the last day to make deposits for this tax year