I have 17 common mistakes, tips, tricks, and hacks that can help you get the most out of your ISAs.
All resources mentioned in the video are listed below.
The brokers I use: 📈
Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
InvestEngine
https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link
All the links from the video:
APS
https://www.barclays.co.uk/content/dam/documents/smart-investor/isa/your-isa-understanding-the-additional-permitted-subscription-allowance.pdf
The wrong types of ISAs
https://www.bluecoatwm.com/single-post/the-wrong-type-of-isa
https://www.thisismoney.co.uk/money/mortgageshome/article-13694373/Labour-raise-Lifetime-Isa-house-price-limit-time-buyers-stung-fines.html
How many ISAs
https://www.nsandi.com/isa-changes
Flexible ISAs
I use trading 212 for both flexible cash and stocks and shares ISAs
Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Here is more information on them
https://www.unbiased.co.uk/discover/personal-finance/savings-investing/what-is-a-flexible-isa-and-how-does-it-work
What if you exceed the allowance?
Telephone:
0300 200 3300
Outside UK:
+44 135 535 9022
I thought i could find an email but see this
https://www.gov.uk/government/publications/corresponding-with-hmrc-by-email-ccfs72/corresponding-with-hmrc-by-email#:~:text=We%20take%20the%20security%20of,the%20risks%20of%20doing%20so.
Share lending.
W8Ben Forms
https://www.investopedia.com/terms/w/w8form.asp
Tax inside of an ISA
https://www.gov.uk/tax-buy-shares#:~:text=When%20you%20buy%20shares%2C%20you,transaction%20is%20over%20%C2%A31%2C000
LISA 4k allowance
ISA transfers
https://www.gov.uk/individual-savings-accounts/transferring-your-isa
JISA
https://www.gov.uk/junior-individual-savings-accounts
British ISA
https://www.gov.uk/government/consultations/uk-isa-consultation
Timestamps
00:00 - Big list
00:14 - APS
01:09 - Use them
02:57 - The wrong ISA
06:32 - Government mistake
07:43 - How many can you have?
09:01 - Flexible ISA
10:14 - Exceeding the allowance
11:01 - Share lending
11:24 - W8ben forms
11:54 - ISAs are not tax free
12:58 - LISA allowance
13:23 - Transfer
13:31 - Junior ISA
15:34 - British ISA