Very new to all this so forgive me for the stupid questionā¦
Is the Ā£3 pm ISA fee for 12 months or until you cash it all out?
Thanks
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Hello 
The Ā£3 p/m is just a rolling fee paid every month until you no longer want your ISA.
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Iām trying to find a stock discussion topic about LSEG shares, but LSE(G) is such a noisy keyword appearing everywhere Iām having troubles finding it.
I donāt want to open a new thread until Iām sure no one has yet discussed LSEG shares.
I had a look and seems like there is no specific thread for the LSEG share yet. (at least I coulnd`t find)
Just start a topic. If it already exists one of the admins will merge it for you
Hi, I am quite new to this whole thing, and even though I have done some reading, I am cautious and would like to make sure I am not doing anything stupid. These are my questions:
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Regarding Freetrade app, I am aware of the limitations for those not living in UK. As a foreigner living in UK, I might go back to my home country eventually. In this scenario, I would still have my UK NIN and bank account. However, my address will change. Would this be an impediment to keep using the app, applying for the ISAs, etc?
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My intention is to apply for the Investment ISA to start investing in ETFs (SP500 is the one Iāve targeted first). As far as Iāve checked, the process seems quite straight forward, as it seems the only one I can apply for. Am I right?
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Once I have set up everything, Iāll be charged Ā£3/month for the Investment ISA. Is this the only fee? Any operation fees?
I have probably missed something, so any help will be greatly appreciated. Thanks!
I think it depends which country is the one you would pay your taxes in If itās still the uk I think it wouldnāt be a problem but if not i think you would need to declare this as you wouldnāt be entitled to have an isa or allowances as a uk tax payer.
You have Ā£12300 capital gains tax allowance in the uk so if you are only investing a small amount you may not need to pay for an isa account just yet.
No other fees will be charged.
Hopefully someone else can clear up question 1 especially if the country you return to does not have freetrade available in it yet as I myself will be in a simmilar position further down the line.
Youāve chosen a particularly interesting time to start investing. Apologies in advance if youāve already done your homework - I would check the recent market movements of whatever you might be about to invest in.
Itās batshit crazy out there.
Good luck.
Not quite hereās the official guidance:
If you move abroad
If you open an Individual Savings Account (ISA) in the UK then move abroad, you cannot put money into it after the tax year that you move (unless youāre a Crown employee working overseas or their spouse or civil partner).
You must tell your ISA provider as soon as you stop being a UK resident.
However, you can keep your ISA open and youāll still get UK tax relief on money and investments held in it.
You can transfer an ISA to another provider even if you are not resident in the UK.
You can pay into your ISA again if you return and become a UK resident (subject to the annual ISA allowance).
From: Individual Savings Accounts (ISAs): If you move abroad - GOV.UK
I would stop paying taxes in UK, of course.
I wasnāt aware of the Ā£12300 capital gain tax allowance. So this allowance accounts for the change in the ETF value + dividends? If this is the case, itād be more than enough for the amount I want to invest. In case I went for this option, would there be any sort of fee?
capital gains allowance Ā£12k
dividends allowance Ā£2k
tax exemption on ISA for capital gains and dividends
Yeah, things are a bit crazy these days. Thatās whatās given me the last push to decide to start investing. Iām hoping that this allows me to start in a slightly better position than if things were going as usual.
I had in mind to start investing in a SP500 ETF. Iāve seen its value has decreased a lot, so was hoping to take a small advantage from thatā¦ Not sure if it makes sense to you though, although it does in my head from the little I know!
If I understand correctly, I could keep my ISA open for years and would still be exempt of taxes for up to Ā£20,000 right?
According to current legislation, if Iām not mistaken:
- you can keep your ISA open for years
- you will be exempt of taxes on ALL capital gains made and ALL dividends received from the amounts invested within the ISA
- you can invest Ā£20,000 in your ISA for the current tax year; you can invest in one ISA per year, although you may open as many as you like over the years so long youāre a UK resident
Bear in mind that the government may change the rules in the future for better or worse
For investments made outside a tax wrapped account like an ISA or a SIPP you have:
- a capital gains allowance of Ā£12,000, i.e. tax exemption on the first Ā£12k of capital gains
- a dividends allowance of Ā£2,000, i.e. when you receive up to Ā£2,000 in dividends you pay no tax
Again, please bear in mind that the government may change the rules in the future for better or worse
Thanks for this Raul.
Then, if I am planning to invest less than Ā£12,000 I guess itād be better to do it without the ISA?
Itād be good if someone from Freetrade confirmed what would happen if I move abroad and change my address in the app.
PS. are you Spanish by chance?
No, soy Portu. Pero puedo hablar un rato en castellano si quieres
Depends on your circumstances. If youāre staying in the UK it might not hurt waiting to open the ISA, but if the government reduces the allowances it can become harder to lock in a tax wrapped account those tax exemptions. If youāre going to Spain, or to any other country for that matter, I believe the best course of action is to find out the tax implications the Spanish, or your chosen country, government imposes on money held outside Spain in both non tax wrapped accounts and tax wrapped accounts. Many countries have bilateral agreements to avoid double taxation (they might be called convenios in Spain, but Iām not certain)
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No worries, letās stick to English. Although this topic is beyond my field of expertiseā¦
Youāve made a good point there, I havenāt thought about the tax implications in Spain (this is getting more and more complicated!). I need to find out about it.
My plan is to move back to Spain in the short term. I was planning to invest maximum Ā£10k (not at once). In this case, I wouldnāt be over the Ā£12k limit (and my dividends would surely be under the Ā£2k allowance), so maybe the ISA is not necessary?
If you live in Spain, your income is taxed in Spain. That means that it does not matter where you have your investments or in what tax vehicle they are in what country, you always owe the taxes that the Spanish governement claims on investment gains.
Probably a silly question but when buying US$ stocks is there a way to see what price I bought them for in USD and opposed to GPB?
Eg, I am just playing around and bought 4 shares in a US stock and FT tells me I got an average price of Ā£5.5875 to total Ā£22.35. Now as this is a US stock, the current price today is listed as $6.34 but I donāt actually know what $ price I bought it for. Is there a setting or something that gives me āmy investmentā in the correct currency?
I am also presuming that currency moves (pound vs the dollar) has a big influence here too?
Thanks for your help 
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Recently joined and I have a question, apologies if this has been asked before (Iāve looked around the forums but canāt find an answer)
Iām trying to understand the benefits of a basic order vs an instant trade.
I notice that instant trades have recently become free, which is great, but are there now any benefits of doing a basic order? Do you pay the price of the share at the time of the order or at the time of execution?
I understand that thereās plans to move the execution time to the start of trading times (seen on other posts) but for now is it better to just be doing instant trades?