I have just open account with free trade. There are many options to invest in shares. Will any of these Investments affect my ISA with moneybox. For instance index funds/ETFs
You can only contribute to one stocks and shares ISA per year. Your Freetrade and Moneybox accounts are separate so they wouldn’t effect each other.
So index funds and ETFs don’t class as a ISS
The ISA is the account you but it in…not what you buy.
You don’t automatically get an ISA. You have to sign up for it.
I have seen in settings free trade offering a ISA
Thank you for the support I am very new to this
If you have already contributed money to your Moneybox ISA during this tax year (6 Apr 2021 - 5 Apr 2022), you should not contribute to a Freetrade ISA, or not until next tax year anyway. You can buy stock or ETFs in your Freetrade General Investment Account.
If you have not contributed money to your Moneybox ISA during this tax year, you could open a Freetrade ISA. You can buy stock or ETFs in your Freetrade General Investment Account or the Freetrade ISA.
Thank you. I have contributed to my moneybox this year so I will stick to my general account.