Hi, Iām new so sorry about this but,
I have an emergency fund made, I want to invest the rest into mostly long-term investments like the S&P.
I also want to invest a little into individual stocks.
What would be best way to do this?
I know I have a GIA and a S&S ISA and thereās some benefit in terms of tax to the ISA, Iām just not sure whether thereās some good way to set this up like, invest into index funds with the GIA and then perform individual stock investments with the ISA, something like that?
The isa in essence is a wrapper for your investments that shields them from capital gains and dividend taxes.
You do have annual allowances that you can earn before things are taxed but if youāre investing over the long term, youāre best off putting as many things into the isa as possible rather than in the GIA which could attract tax.
Donāt forget tax rules can change so annual allowances as they are now, can go up or down.