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17 ISA Mistakes You Need to Avoid

Damien Talks Money 159,374 5 months ago
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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

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