British ISA

I can afford it this year … next year not unless my lottery numbers come up :rofl:

I wonder if they will include AIM :thinking:

2 Likes

I reckon it provides at least on paper a “Brexit Benefit”. I can’t imagine they’d get away with this whilst in the EU.


As an aside stats on ISA subscriptions are available on Tax on savings and investments - GOV.UK

2.6 Collective investment vehicles are widely used investment vehicles and can enable investors to spread their risks. To help ensure that the UK ISA appeals to a range of investors and to increase the choices available to them, the government proposes that collective investment vehicles could be included in the UK ISA.

2.4 The UK recognised stock exchanges are Aquis Stock Exchange, Cboe Europe Limited, and the London Stock Exchange, including the Alternative Investment Market (AIM).

2.5 This approach would enable the UK ISA to support a range of UK companies, from small companies trading on AIM, to medium or large UK companies that are listed on the London Stock Exchange. It could
also support UK companies across a range of sectors such as construction, healthcare and technology. This approach also means that it would be easy for investors and ISA managers to identify eligible companies. However, it would not take into account the proportion of the listed group’s commercial activities conducted in the UK, as defined for example by source of revenue or location of assets.

4 Likes

Im going to shamelessly plug my short here. I quickly summarised what i have found out so far, let me know if there’s anything that needs adding :pray:

1 Like

I think it’s a good idea but sadly, I never max my £20k so can’t take advantage of this extra £5k.

My ISA is filled with mostly UK stocks anyway, so it would just be more of the same for me (if only…)

4 Likes

Get that YouTube money buddy :dollar: :euro: :pound: :yen:

2 Likes

If the above is correct then great. Encouraging UK listed investment trusts and hopefully renewable energy players such as UKW is always a great move even if not everyone can take advantage of it.

4 Likes

:laughing::laughing::laughing::laughing: anything to try max out my ISA deposit :pray::pray::pray::pray:

2 Likes

personally good I can use my £5k for uk investments and use the other £20k for cash and US investments so a good thing although won’t take long for all my saving to be in an ISA though

2 Likes

I’m the one who watched it from Singapore (VPN) - don’t ask :grin:

Some volunteered advice - change the cover image for the video, it looks way too serious. Use one of the more colourful images from the video as the cover image.

1 Like

Wouldn’t it undemine the point of the new allowance if I can just put the extra £5k in JAM or AIE, which focus on the US and India respectively? :thinking:

2 Likes

Possibly but I suppose at least it would encourage trusts to list on the LSE which looks good for the UK and I assume this means they have to pay some sort of ongoing fees?

1 Like

That’s what I was thinking I might use it for UK Dividends just to keep them separate.

2 Likes

Also allowing it to be used for AIM listed instruments is cool.

1 Like

Appreciate the advice but unfortunately thumbnails for shorts are assigned by YT, i cant alter it! :smiling_face_with_tear:

1 Like

Do we have to open a separate isa for this. How will people keep track of where money has gone

1 Like

Probably will require updates to the app etc. I’m guessing there will be two allowances with the 5K one used up first for UK trades.

Either way I doubt this is coming any time soon. At least a yr.

1 Like

Good shout if you can put 5k in a cash ISA to shelter from tax. Basic rate tax payer with an ISA paying 5% that would save 50 quid in interest. Wonder if UK money market funds count too.

1 Like

The interesting thing will be if people like FT offer it for free or in a paid service. Would be quite good to offer free for a stepping stone to full ISA.

1 Like

Well im hoping that Freetrade IPO on the LSE and I can use the 5K allowance.

6 Likes