ISA's Changes Are Coming (Rumoured) | ISA Explained
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ISA's Changes Are Coming (Rumour) | ISA Explained
Following rumours that ISAs are due to get a major shake-up in the upcoming Autumn Statement, I thought now would be a good time to revisit the classic Individual Savings Account to understand how they work, and if it's worth it and what are the expected changes to come this year.
We recap:
Cash ISAs
Stocks & Shares ISAs (Investment ISAs)
Lifetime ISAs (LISA)
Innovative Finance ISA
Tax Charges:
Personal Savings Allowance
Capital Gains Tax Allowance
Tax Changes (RUMOURED)
Taxes on Fractional Shares
Tax on ISAs
Increased ISA Allowance
Simplifying Cash and Stocks & Shares ISAs
Relaxing Lifetime ISA Rules and Penalties
Chapter Information (ISA's Changes Are Coming (Rumour) | ISA Explained):
0:00 Introduction
0:30 What Is An ISA?
0:58 ISA's & Tax Charges
2:55 Sponsorship: Plum
4:24 Are ISA's Worth It?
6:27 ISA Rules
7:39 ISA Rule Changes (Rumoured)
10:56 How to Apply?
🔹 Gov.uk - Personal Savings Allowance
https://www.gov.uk/apply-tax-free-int...
🔹TaxScouts - Capital Gains Tax Rates
https://taxscouts.com/the-tax-basics/...
🔹AJBell InvestCentre - Increase in Savings Tax
https://www.investcentre.co.uk/articl...
🔹Skipton - Personal Savings Allowance Calculator
https://www.skipton.co.uk/savings/per...
🔹ISAs Rumoured Changes 2023
https://www.fidelity.co.uk/markets-in...
DISCLAIMER: Any advice or statements perceived to be advice given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice.
You are fully responsible for your financial decisions. If you are in need of any Financial Advice, please seek out a professional advisor. If you are unsure of how to do this, please feel free to reach out to me and I am more than happy to guide you.
#isa #capitalgainstax ax #stocksandshares