Hi I’m not sure if this has been covered before but I can’t seem to find the answer anywhere on here, I’ve been a member since May of this year. I’m thinking of opening a ISA on here next year my question is if I was to add the £20000 straight away in to the ISA would I still be able to add my dividend payments when they land in my account? Thanks Mark
Yes. The £20k limit is what you can add to it. Whatever happens within the ISA is then shielded from any limits. The dividends show up as cash payments inside the ISA account, and you can do as you please with them.
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The only “taxes” are those imposed by other jurisdictions, e.g. 15% withholding tax on US stocks dividends.
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That’s good to hear as I just want to keep reinvesting the dividend payments.