The British ISA - What Do We Know So Far?

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Timestamps:
0:00 - What is the British ISA
1:55 - How much can you Invest?
2:30 - When is the British ISA available?
3:20 - What can you invest in?
6:30 - More British ISA Rules - How many can you have?
8:45 - My thoughts - what about yours?

Опубликовано:

26 июн 2024

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Комментарии : 262

@george6977 3 месяца назад

If he was serious about encouraging investment in UK shares he would remove the 0.5% Stamp Duty tax on purchases, rather than discourage purchasing UK shares.

@beancount811 3 месяца назад

Should have just increased the regular ISA allowance to £25K and removed the stamp duty on UK shares where it still applies.

@UndisturbedMonk 3 месяца назад

THIS.

@user-du3br9bj5x 3 месяца назад

Exactly

@major2419 3 месяца назад

Excellent suggestion

@1292liam 3 месяца назад

spot on

@RandomUser-100 3 месяца назад

Aye-aye!!! And restore capital gains allowance back to £12k.... maybe even £15k!

@MikeyGee2012 3 месяца назад

As someone who is not in a position to max out my ISA limit., I would need an extra incentive from the government, such as a top-up bonus similar to the LISA, which gives a bonus. A possible case for such a bonus could be: * Make the British ISA more appealing and competitive, especially for younger and lower-income savers who may not have much spare cash to invest. * Increase the amount of capital available for UK businesses, which could help them grow, innovate, and create jobs. * Align the British ISA with the government’s levelling-up agenda, as it would encourage more investment in regions and sectors that are underrepresented in the stock market. * Reward savers for supporting the UK economy and its recovery from the pandemic, as well as reducing their reliance on foreign investments.

@TobyNewbatt 3 месяца назад

I like these ideas if they want to make it work 👍

@porschecarreras992cabriole8 3 месяца назад

Let’s be patriots and buy British!

@mrjelfs3705 3 месяца назад

They're not targeting broke people who can't max out their ISA.

@anthonybrown4874 3 месяца назад

Toby with you on the not being able to max out on the ISA as it is do it might as well be called a "Wealthy Brit ISA". Personally I think they would do a better job making it an ISA within the current limit open to all savers but with some bonus element like a Lisa or they could introduce a fund within the auto enrolment sector with an additional bonus. The main thing is big institutional investors like pension funds have been reducing their UK exposure even the Parliamentary pension scheme has done this so reducing demand for UK shares.

@apoch2001 3 месяца назад

Putting £5000 into UK investments are as good as negative carry. UK Plc won't improve just by buying stocks. The underlying fundamentals of the UK are the root cause. You need to fix that first.

@jamiewalkerdine3705 3 месяца назад

exactly. they think by cutting tax you can improve the low ROIC that is caused by a fundamentally poor economy lol

@BittermanAndy 3 месяца назад

Yeah. People aren't investing in British companies because the whole damn country is a basketcase. If that doesn't change, there will still never be a reason to invest in British companies.

@Chiefinho 3 месяца назад

Remove stamp duty on UK stocks inside the UK ISA might encourage people to invest in it

@Sam-ue4rv 3 месяца назад

its only 0.5% rather have Capital Gains 20k before you get taxed or 5k Dividend allowance.

@Chiefinho 3 месяца назад

@@Sam-ue4rv I was just trying to think of ways to make it even the slightest bit attractive to someone not currently maxing out their ISA, as obviously if you don’t max out your ISA each year then there’s no reason to restrict yourself

@joshuat1535 3 месяца назад

Glad you released this so quickly. Kinda expected you would!

@TobyNewbatt 3 месяца назад

Budget day is like the Olympics for a finance RU-vidr 😂

@adm58 3 месяца назад

All I would do with this is put my existing UK investments into it then increase my global investments in my S&S ISA. So, another £5k tax free is good but I'm not convinced it will increase the proportion of funds invested in the UK.

@FreaksSpeaks 3 месяца назад

Is it possible? I would think for new money only?

@adm58 3 месяца назад

@@FreaksSpeaks I can't see how it could be prevented. UK funds (I have ETFs) in a S&S ISA can be exchanged anytime for non-UK funds within the same ISA. Identical funds could then be bought within the new ISA. No transfer between ISAs would be necessary.

@FreaksSpeaks 3 месяца назад

@@adm58 may be a new kind of an ISA like lifetime ISA? Completely separate? I do not.know exactly.

@igiannakas 3 месяца назад

This!!

@ChunkaMonka 3 месяца назад

There are those in the UK who have used their full S&S allowance on US investments (or other non-UK investments) so for them the extra 5k into British ISA would result in an increase in UK investment.

@shimsteriom4191 3 месяца назад

Even though I can't use ISA's your video was very good, thanks. 👍

@keanuchampion 3 месяца назад

just take that £5k and add it to our regular isa allowance!

@TobyNewbatt 3 месяца назад

Now that would be too simple wouldn’t it 😝😎

@user-mw2oe6xc7u 3 месяца назад

Thanks toby great content ,

@TobyNewbatt 3 месяца назад

Very welcome

@valerienewbatt9678 3 месяца назад

Very good points you have made on ISA Toby

@TobyNewbatt 3 месяца назад

Weee Val!

@joshuat1535 3 месяца назад

If you are smart and want to retain the balance, you can move your current portfolio to a "world ex-uk" or "developed world ex-uk" and have a FTSE all share in the British ISA. You'd need about 80k already to get the balance right globally when you add that 25k but can be done. Even if you can't get the balance spot on, the ex-uk will still take some of the edge off that UK concentration.

@EZ1111 3 месяца назад

My current workplace pension is under world ex-uk lol but I've got 20K in it

@kevinu.k.7042 3 месяца назад

Thanks for getting to this so quickly. I've just been looking through some UK Index ETFs... Not so very inspiring with one, perhaps two, exceptions. This is tinkering at the edges. I agree with you, the government needs to do more about stimulating British businesses. Capital investment is atrocious in the UK. Thanks for your thoughts. They are good.

@user-uo9is9bh7j 3 месяца назад

Thank you for the quick update and your opinion. I am on the same lines as you, if you can afford the extra 5k, then you could invest. An example of this based on your portfolio, would be to rebalance the % but remove VUKG in existing ISA, then buy VUKG in UK ISA. As long as you keep the % correct. If you have more than 5k in VUKG today you will have your wait a few years, to get it rebalanced. One minus issue I can see as you did highlight, you can not transfer so stuck with UKISA only potentially for 20 or 30 years.

@mattsennett 3 месяца назад

A great video Toby and thank you. As many have said already it won't really help as the main £20k will still go to global compaines / ETF's. I would look at taking one though just to be more tax efficient but if I was to bet on it I would say it won't actually happen due to a change in government later this year.

@DomJC14 3 месяца назад

Great video Toby.

@TobyNewbatt 3 месяца назад

Thanks 👍

@Optimised7 3 месяца назад

glasses off, oh a new video from martin lewis. Glasses on, Oh wait that doesn't look like papa Martin?! its brotha toby! It's a compliment. great video Toby :)

@TobyNewbatt 3 месяца назад

😂😂😂😂😂

@chrisgraham6031 3 месяца назад

Having UK treasury bonds included would be good, although maybe that goes against the cash like part.

@wilderbeest773 3 месяца назад

Hi, Thank you for the video. If the other ISA's are not reduced in how much one can invest in and across them each year, the British ISA will be an extra option rather than a limitation....I think.

@jacc88888 3 месяца назад

I quite like this idea. Although the U.K. economy hasn’t been great the past few years that doesn’t mean investing some money in U.K. companies as part of a larger diversified portfolio will necessarily prove to be a bad idea for future growth. My thoughts are: A) U.K. stocks are quite good value at the moment b) Smaller, innovative U.K. companies contribute a significant amount to the U.K. economy. c) as a U.K. citizen I like the idea of supporting my own country’s businesses (within reason of course)

@Mike_Ripper 3 месяца назад

Which, of course, you can now by choosing UK funds/stocks in your £20,000 annual allowance to a larger or lesser degree. The problem, as I understand it, is that UK citizens are not choosing to invest in the UK stock market. In fact funds are being withdrawn from UK listings at record rates and you only have to look at the returns over the last 1Y, 5Y, 10Y to know why. A dedicated £5K won't do much to address that.

@mooremoneymakin 3 месяца назад

Nice summary. Yeah, I'm not convinced on it either at this point. Will largely depend on what ends up counting as a UK investment. I certainly wouldn't wanna be that overweight in the UK. I'll await the details with interest but I imagine it'll be a while before we har anything concrete.

@Arghans 3 месяца назад

If they want investment they should ditch stamp duty. Amongst young investors they really will go for lowest fees and volatility and London does not win on either. It does seem they’ve created an extra layer of complexity than just upping the standard ISA limit.

@karllewis9893 3 месяца назад

For me, this is in effect increasing the ISA Allowance by £5,000. After watching Toby's videos, I am gradually selling my UK investments and replacing them with a world tracker. So, this will allow me to ISABed and ISA. I can sell £5000 of UK investments in my existing ISA, buy a world tracker and then rebuy the UK investments in the UK ISA. In effect £5,000 more to put in a world tracker. The Treasury obviously hasn't thought of that one!

@marcolai9735 3 месяца назад

I agree with your assesment.. First of all, the number of people that would benefit from an extra 5k of allowance is quite limited overall Secondly, this is better news than the horrible proposal of forcing 5% of pensions behind forced to be allocated to UK startups and companies as it was hinted at a few months back. I am in no position to leverage this option and still prefer looking at the standard stock and share ISA and pension before allocating funds to a UK fund which is vastly underperforming the global markets (FTSE 250 in particular)

@Duncan94 3 месяца назад

I was waiting for the incentives 😂 UK stocks are unpopular for a reason, so without giving us something like a guaranteed return similar to the LISA, why would anyone bother?

@user-si7fj5rh5u 3 месяца назад

I want to know if the rumoured ability to have multiple ISAs of the same type in the same year is coming, that would be really useful.

@tyeng1295 3 месяца назад

Gotta try something. The UK market has been so terrible for so long they’ve got to try and drive some momentum in UK Equities. The ARM IPO choosing the US was a damning inditement of how stagnant the UK market is.

@TobyNewbatt 3 месяца назад

Agreed we need to do something but there’s so much more we can do to incentivise business investment in the UK 👍

@tyeng1295 3 месяца назад

@@TobyNewbatt Yeah they could scrap stamp duty for Uk investing. Would make FX fees for foreign shares less attractive if you could buy Uk companies for free There’s so much innovation in our universities that we don’t use to actually drive weatlth. We should have Zuckerbergs and Musks coming out of Oxbridge every year

@stu4181 3 месяца назад

I can’t believe enough people are in a position that they need to use this extra 5k allowance, for it to make any difference as a policy

@BittermanAndy 3 месяца назад

It'll make a difference for rich Tory politicians and their rich mates.

@stu4181 3 месяца назад

@@BittermanAndy it’s hard to look at it any other way, as you are making some coin if you are putting away 20k already and wondering what else to do with your money tax free especially with the amount you can put into a SIPP tax free. If they really wanted to stimulate business they’d have done one of those government help to buy isa schemes where they top up a certain amount, but it must be in U.K. companies then anyone could do it. To be honest I still think a U.K. biased portfolio would underperform the rest of the world anyway even with a government top up 😂

@mrjelfs3705 3 месяца назад

I call this fishbowl theory: when you think everyone is as broke as you and the people around you. You don't understand how much money a lot of people have.

@stu4181 3 месяца назад

@@mrjelfs3705 you got me, completely skint 😂 Or maybe I’m coming at as someone who specifically invests in none U.K. funds due to their poorer performance compared to other markets and this 5k wouldn’t tempt me in the slightest, we will never know 🤷‍♂️

@Dan99 3 месяца назад

If there are no additional incentives beyond just have an additional £5k to invest tax free, then most people would have no reason to use the British ISA, since very few are even in the position to max out their S&S ISA. There needs to be an additional incentive for incentive, to give most people a reason to consider the British ISA over an S&S ISA.

@thomaschilds8781 3 месяца назад

I prefer this sort of nudge to the recent forcing of people to invest 5% of their pension in high risk uk stocks (Mansion house compact)

@DogScreenTV 3 месяца назад

Would’ve preferred they just raise the Lisa limit to 9k, considering inflation has gone up so much how has it remained the same. Also hardly anybody will be able to fill the 20k never mind this additional 5k

@andrewcrook6444 3 месяца назад

Might be useful to get access to AIM etc where some of these low cost ISA apps don’t offer them.

@riddlergorshin 3 месяца назад

Why don’t they simply get rid of stamp duty on shares (currently 0.5pc) to encourage more uk investment?!

@TomsPersonalFinance 3 месяца назад

That was what I was hoping for Paul. Missed opportunity I think 😅

@TobyNewbatt 3 месяца назад

Agreed this is a better step and a quick win

@UndisturbedMonk 3 месяца назад

Because greed. will never touch a uk stock

@dondarkblade1460 3 месяца назад

i already have UK stocks in my S&S isa another £5k on top of the limit would have made it easier instead of more red tape, more admin costs, more rules and more products to choose from.

@bufordmaddogtannen 3 месяца назад

Doesn't UK listed stocks and shares also include any regulated ETF tracking the US market and quoted in GBP?

@davidhogg657 3 месяца назад

I max my isa each year with non uk investing. The only thing i would be interested in using the extra 5k into is gilt s

@igiannakas 3 месяца назад

In a round about way it is indeed increasing the overall isa limit. Shift the primary isa to rest of world fund ( developed markets and emerging markets) and get a uk only fund for the British isa. With around 4% allocation you can use the 5k to top up a bit more in a 100k isa portfolio.

@TobyNewbatt 3 месяца назад

true - thats a very savvy way of doing things if you have the capital!

@larsenb4803 3 месяца назад

Most smart UK investors don't hold any UK equities currently, so won't have anything to shift unfortunately

@jabberwockytdi8901 3 месяца назад

As it's just an extra ISA allowance and most people can't max out the current 20k it's an irrelevance , won't move the dial. Even if you were to get significant extra investment into the UK stockmarket it would just cause a bubble in the valuation of the best companies similar to big tech in the US but not help UK small and midcap as a whole. Those companies that would likely benefit most are globally active and the chance of this driving extra investment within the UK are practically nil.

@danielsharp6272 3 месяца назад

Agree with your assumption mate! 🏃🏻‍♂️

@UKGeezer 3 месяца назад

Hmmm, not really doing it for me at the moment I'm afraid, plus you would still have to pay stamp duty. I do like the idea though but not much return for your pound presently. Would rather invest anything over 20k in a SIPP or workplace pension.

@paulbarker6743 3 месяца назад

So that's 5k across UK equities and make sure the other 20k every year is invested elsewhere. Can see them gradually increasing the 5k to cover more of the total allowance until the tax free ISA is purely for UK investment only.

@squibys2262 3 месяца назад

What they want is the average uk retail investor to prop up the home markets while they invest in better things. They will be the company owners using us as exit liquidity.

@SpeakHearSeeNoEvil 3 месяца назад

Yep

@TomsPersonalFinance 3 месяца назад

Not sure they have solved anything here. This will benefit so few people and lead to not much money at all going into the UK stock market, but i guess it is nice for those who are lucky enough to max out their main 20k allowance. A much better choice would have been to remove the 0.5% stamp duty on UK stock purchases. Pr at least reduce it...

@adm58 3 месяца назад

Am I wrong to think that if the UK stock purchases you refer to were bought within an ISA there would be no stamp duty (as I understood ISA investments are free of all tax)?

@TomsPersonalFinance 3 месяца назад

@adm58 unfortunately the government are cheeky and even an ISA doesn't protect you from stamp duty. You still have to pay stamp duty on UK stocks bought within an ISA

@adm58 3 месяца назад

@@TomsPersonalFinance thanks, that's worth knowing.

@UKGeezer 3 месяца назад

Absolutely, scrapping stamp duty would definitely give more of an incentive to invest in the UK.

@UndisturbedMonk 3 месяца назад

Yep, there's literally no incentive here to put your money into UK shares. Would benefit the already wealthy the most... *cough* Jeremy *cough

@anjux3673 3 месяца назад

It will depend what kind of providers offer this…most brokers charge a holding fee and then there’s charges and stamp duty…£5000 is a small amount if you want to make anything back on it in the first year at least. As others have said here it’ll be mostly higher income folks who will go for it…to lower their tax burden as much as for its meagre investing potential. Sticking £5000 in a GIA with a growth etf is likely to do much better…

@davidcraggs4680 3 месяца назад

isn't having a large dividend the UK companies giving incentives for you to buy them?

@CycleXplorer 3 месяца назад

Maybe good if you've got more to put away than the current limit. But I'm not sure the 2p NI saving is going to go far in filling it up 🤣

@rafaelvalerofernande 3 месяца назад

Government could just simplify things for companies and make those more competitive, so their value would increase in the market. A lot of papers and people refers to UK companies as "unloved" or "undervalued" referring to the idea that they are worth as much as their fellow American, kind of ignoring the idea of the small market size in the UK and the economic difficulties the country is under currently (inflation, Brexit aftermath ...). This is similar to the government incentives to buy houses in the UK. I suspect the idea behind if something like if the houses and the stock market goes up we are doing our job (as politicians).

@ronnietaylor9377 3 месяца назад

Bad enough trying to fill ISA with 20k never mind trying to get another 5k for a British ISA

@VegasMilgauss 3 месяца назад

With the lifetime limits on ISAs Rachel Reeves has hinted at could be a place to park extra cash?

@user-qm8tj3rg3f 3 месяца назад

Are they still going to allow multiple ISA of the same kind to be opened from April 5th? ie you can open a S & S ISA with IV and T212

@Kenzag454 3 месяца назад

Agreed! Make people work harder and more efficiently in companies. Don't get off work at 4pm

@jabberwockytdi8901 3 месяца назад

Efficiency comes from investment , UK companies aren't good at investing for productivity and with Brexit didn't have the luxury of any longterm perspective to make business cases for investment. As to the old work-shy meme , seriously?? what hours do you work ??

@chrisatkinson1250 3 месяца назад

Personally I'd see it as an additional £5k ISA, utilised through moving existing investments in shares in UK companies in my nominal account and putting into the UK ISA. Probably not the outcome the government is looking for as the investment is already in UK listed companies, but not under an ISA wrapper, and I'm already moving £20k to the existing ISA pa.

@janeduncan1524 3 месяца назад

Would global but UK listed investment trusts like Scottish Mortgage qualify?

@jakkuwolfinsomnia8058 3 месяца назад

What doesn’t make sense to me is you can already do this with your S&S ISA. What’s the attraction? Is it investing in small businesses or is it for the £5k extra allowance which is pretty great tbh considering that’s a £25k allowance which is pretty generous. I wouldn’t mind investing in it just for the extra £5k allowance but what comprises the BISA?

@HBS444 3 месяца назад

wonder if you can invest in VWRP it is listed on the LSE.

@TobyNewbatt 3 месяца назад

Hah, I wish but there's no way a global fund would fall into this bag...if it does I'll be making a video about it ;P

@csul8087 3 месяца назад

I like the idea of a British ISA but would find it hard to beat other markets with just the choice from the uUK.

@raymccrae 3 месяца назад

There would be no point transferring a Cash ISA in to a UK ISA, since the Cash ISA can be transfer to a regular S&S ISA without using up any additional contribution limits.

@d3vski 3 месяца назад

I’ll take this. I already max out the £20k for the last 4 years so IF this is a £5k “bolt on” for UK/British stocks, j would simply dump the £5k in a FTSE100/250 tracker and if they don’t allow that, dump it into some individual stocks - BATS, IMB, DGE, ULVR, AV, LHEN, etc

@mike12346 3 месяца назад

I'm already not able to max out my annual ISA allowance, what good is another £5k of ISA allowance unless it is subsidised like the lifetime ISA?

@roberthuntley1090 3 месяца назад

To me, its only worth considering if you max out the current £20k allowance on other ISAs. Otherwise, its better to spread your risk over global markets. I'm currently moving £20k a year of inherited money into an ISA wrapper, so an extra £5k of allowance might be of interest to me.

@lawrencer8673 3 месяца назад

The government could have a list of UK companies that they would like UK citizens to buy, fund mangers could then make funds out of the list, instead of S & P 500 list it could be UK list, people could also buy shares in the individual UK companies. Each UK company would need to meet certain requirements, UK innovation, Uk companies that generate UK jobs, cutting edge technology UK expansion companies.

@jabberwockytdi8901 3 месяца назад

Why should the government get to decided which companies are worthy? Those owned by their mates probably......

@philipashton1443 3 месяца назад

Better to leave the dividend allowance at £1000 . An stop the reduction in capital gains.

@wingtsun1 3 месяца назад

I wonder if stamp duty would be removed if investing in uk shares inside the uk isa ? Assuming not.

@TobyNewbatt 3 месяца назад

Assume not as well but this would have been a good move!

@ramaiya9L 3 месяца назад

I am not in a position to max out my ISA but at the moment there is no incentive to invest in the British ISA when I can invest in the S & P 500 and now that I am going to get a return. Perhaps offer a bonus.

@aikighost 3 месяца назад

For 90% of us it makes far more sense to have nothing but S&P500 EFT in our Shares ISA.

@philjupe4485 3 месяца назад

Think having the option to shelter another 5k in uk companies for long term investors is a good thing. Lots of good uk dividend paying companies that can make a portion of a well diversified portfolio. Has to be a positive. Thats tax free dividends and potential growth, not many other countries allowing you to shelter 25k a year!

@jabberwockytdi8901 3 месяца назад

Will just casue a bubble in the companies worth buying then the dividend % will drop.

@user-ig8vp9oo2o 3 месяца назад

Given the current uk performance, I think you'd be better off putting £5,000 in a general investment account and choosing a global index fund and paying the tax, particularly as next year you'd still have £3,000 capital gains allowance (i think?). I can't imagine you'd get more gains putting the £5,000 in a tax-free british only ISA. Interested in others' views though

@glenwale3294 3 месяца назад

You forgot the Junior ISA

@TheLsduk1 3 месяца назад

Great video. Who would invest without knowing - or having confidence in - a plan for Global Britain? The wealthy may throw £5k at this out of patriotic duty, but it does not feel like a sound investment initiative.

@karllewis9893 3 месяца назад

I am underwhelmed by the proposal. Having spent 10 months trying to transfer a S&S ISA from one platform to another and failing (twice), I would rather see ISAs simplified and better regulated. ie Quicker transfers. That would increase competition, hopefully lowering the fees and improving the service. (eg all platforms allowing payment of ISA fees by direct debit, being able to specify dividend re-investment for individual stocks rather than specifying for all or none).

@johnmunro4952 3 месяца назад

Just raise the allowance FFS!

@stevem9754 3 месяца назад

Sorry to ask a "dumb" question but, assuming a UK ISA scheme is launched after this consultation and successfully attracts investors, how does this extra investment money get to these smaller British companies and help them grow? If these companies actually issue new shares ready to sell to these new UK ISA investors then I can see how this will give them new real cash to develop their business but if the number of existing shares is fixed then presumably demand from the new UK ISA investors 'merely' drives up the share price which increases the value of the company ON PAPER but doesn't actually give it any more real cash to invest in equipment and people to grow their business. Maybe a higher share price allows a small company to BORROW more money for investment, but that also increases their debt which does not always necessarily benefit the business. Am I missing something?

@JoeLisle 3 месяца назад

I wouldn’t invest anything in the uk at the moment

@danielcox194 3 месяца назад

Given how dismal UK equity performance continues to be, you'd be better off putting the £5,000 in US equities in a general investment account and paying tax on the gains. (if you've maxed out your £20k main allowance)

@ChrisShawUK 3 месяца назад

It makes no sense, except as a way for the already wealthy to accumulate even more at the expense of the tax payer. You can buy £5000 of UK companies today in an ISA. Or £10,000. Or £20,000. It offers nothing new, but comes with a load of restrictions (like freedom in transferring out). If you have maxed your £20k (me plus a few others) then yeah, you can fill your boots with another £5k. The only thing it sets up for the future is to do something like increase the British ISA to £20k and reduce the normal ISA to £5k.

@BittermanAndy 3 месяца назад

Your last sentence sent chills down my spine. Don't give them ideas.

@ChrisShawUK 3 месяца назад

@@BittermanAndy it's just the Tories salting the earth for when they are in opposition. So they can call for increases in the limit of the great British ISA. The fact that they have already excluded Northern Ireland from the name sets it up perfectly to commence culture wars.

@danesesse 3 месяца назад

With the latest news of shein applying to be on you london stock exchange, I am looking forward to betting them tax free.

@cardanomm3194 3 месяца назад

Most companies that are deemed British have shell companies in the Cayman Islands, Sainsbury’s for instance. I would prefer if the UK government allowed a UK Spot ETF, then I would gladly put £5k into that. Why are we the only G20 country not allowing our citizens to invest in a Spot Bitcoin ETF?

@Gemok1980 3 месяца назад

Hmmm which providers are going to sign up for this given the limited number of people who have £25k a year to invest. Look at the limited number of S&S LISAs available this is going to be even more niche.

@VegasMilgauss 3 месяца назад

True.. woof woof , a complete dog of an offer lol

@Dr.JubairsFinance 3 месяца назад

New angle

@TobyNewbatt 3 месяца назад

I swiveled the mini tripod on my desk, call me Spielberg :P

@msarros1 3 месяца назад

I think if you have the luxury of fully investing 20k in stock an shares isa in Global index fund and you have extra 5k with British isa you can create a dividend isa with UK dividend companies or Investment trusts. I think its alright only if you have that luxury.

@iangreenstreet1407 3 месяца назад

Will the £5k remain partitioned? So cannot be moved to other funds in future years?

@TobyNewbatt 3 месяца назад

It will be a separate account, so probbaly wont be able to be moved to normal ISA anytime and you'll only be able to move it between other BRISAs - I cant see this even getting the light of day anyway

@james83777 3 месяца назад

I just read 48% of ISA investors max out their allowance. So I’d guess with another £5k it’ll get used more then we’re might assume.

@BittermanAndy 3 месяца назад

I have no evidence either way, but that sounds incredibly high! Do you have a source for where you read it?

@james83777 3 месяца назад

@@BittermanAndy just reread it and the wording was slightly different to how I’d interpreted it. It says of those with an investable amount of at least £50000. 48% had maxed out their ISA. And from the nationwide it said back in 2015/2016 21% of ISA savers had maxed out their allowance.

@BittermanAndy 3 месяца назад

@@james83777that makes a little more sense. Thank you.

@neilhughes8440 3 месяца назад

Not sure this concept works best, but Refreshing to see the government encouraging investment in the U.K. if U.K. gets more investment it could act as a catalyst for a positive impact

@jabberwockytdi8901 3 месяца назад

Not with this blunt an instrument, the wrong companies will benefit .

@lucho1844 3 месяца назад

You can potentially park an extra 5k on the ftse100 (if that's your thing) - assuming ftse100 would be available Now... worth it? Who knows.... they'd need to provide a HUGE incentive for this

@nikij124 3 месяца назад

this is the new war bond.

@Abdul_Rahman86 3 месяца назад

I just invest in a global all cap at the end of the day. I’m not sure if the returns of the British ISA can beat the global all cap. I already have UK exposure anyway. There’s no incentive personally for me. Maybe give a tax free allowance when you pay into it and when you pay out

@larsenb4803 3 месяца назад

I guess the question is will a taxed global fund still beat a UK tax free fund. Most people I think would opt for a tax free fund without knowing the answer.

@philipgreenwood3251 3 месяца назад

UK ISA? Muh, typical smoke n mirrors from the Tory party realising that the FTSE isn't moving at all. If this is an additional £5k allowance, it's slightly interesting as some of us burn that allowance ASAP. Will an ETF traded on the LSE but holds North American equities be eligible? Nope, I doubt it. I agree that increasing the standard stocks and shares ISA is more useful. I avoid FTSE companies like the Plague as the economy is toast, the growth is minimal, and the Tories have selected the worst options consistently. We lag everyone for GDP growth, economic recovery, inflation control, etc. So UK ISA? I'd rather chuck the cash in the toilet and flush, as I'd get a better return. (I am a UK citizen and like here but I'm not going to stick my hard-earned cash into a sinking ship, whatever bells and whistles are sprinkled on top).

@pmyumjr 3 месяца назад

Yeah really missed a trick should have come with in built tax relief like the LISA.

@someguy3270 3 месяца назад

Only advantagev is it will let me streamline my isa / lisa to global and s&p stocks and have this spare for ftse 100

@TobyNewbatt 3 месяца назад

If you've got the money to max it out and oyu like UK stocks youre in for a treat!

@markwilliams4312 3 месяца назад

Given past performance of UK stocks I would rather invest elsewhere and pay the tax as I would still be making more money.

@yuiwong779 3 месяца назад

Just as Admiral Ackber said.

@russellpetrie119 3 месяца назад

its abit like saying heres your wages but you can only spend it here

@TobyNewbatt 3 месяца назад

What a great choice 😉

@noelynoelnh 3 месяца назад

Can anyone name a uk etf or uk stocks that match or beat the s&p 500? I will wait. If not, I won't be using this part of the new isa.

@runningman5871 3 месяца назад

I really struggle to think of what I would buy that is purely UK based.

@UndisturbedMonk 3 месяца назад

How about a wonderful FTSE 100 that loses to inflation every year 😂

@timothyhewitt6736 3 месяца назад

Here's a question- if like me, you hold a quantity of UK stocks (Vodafone, which I want rid of), you put them in the uk isa, then sell them, what happens then?

@TobyNewbatt 3 месяца назад

Like any ISA you can’t magically move investments from a non-ISA to an ISA without creating a capital gain first so you’d have to sell them and rebuy if you really wanted them. No way to get around that I’m afraid.

@timothyhewitt6736 3 месяца назад

@@TobyNewbatt exactly. What I intend on doing is come April, transfer my holding into T212. Wait till they hit £1/share. Sell them, then put that money into my 3 funds in my Isa and watch it grow. I have 5000 shares in Vodafobe. Such a shame successive overpaid CEO's have ruined that company.

@chris021able 3 месяца назад

I can barely fill up to the £20k. I think the majority of people who go over would be in the higher tax brackets and they are better off putting cash in a pension where at least the funds can be diversified. Or just sticking in a general investment account where the gains on a global fund / non British stocks could be greater than the tax they would pay on the £5k..Not that I want them to but for uptake I think they would have been better off reducing the existing allowance to £15k with the £5k British ISA on top.

@user-si7fj5rh5u 3 месяца назад

The pension has a limit also, for those earners they'll have some UK exposure, balance it around and add another 5, easy enough.

@sw793 3 месяца назад

How would reducing the allowance benefit anyone? Personally I would have preferred to up the allowance to £25k as it would be less work for anyone to administer. However if if does happen I will use it. I will sell my dividend shares like NG in my regular ISA and buy them back in the UK ISA and that will give me effectively £25k to use in my S&S ISA (£20k new money + £5k from sales). A bit of a faf but if I can start getting £25k into an ISA a year that is an improvement.

@alanmorris3854 3 месяца назад

Not that im in a position to max my isa but it needs clarification. Eg. Can i say have 20,000 in the s&p could i now add say 5,000 in the ftse or would that need to be in a seperate isa Or say i had 15,000 in the s&p and 5,000 in the ftse would i need to open a new isa and invest more in uk stocks or could i transfer my 5,000 ftse into a uk isa and the add another 5,000 to the s&p ( the ftse and s&p are used as examples only)

@TobyNewbatt 3 месяца назад

The British ISA would be a different account - not in the same pot. So you could max out a stocks and shares ISA with £20k then you could also max out a British ISA with £5k. But yes, it will be limited to what you can invest in by UK only stocks/ funds

@alanmorris3854 3 месяца назад

@TobyNewbatt be interesting to see if I would need to sell out of any UK stocks I have or if I could transfer. I have some in the ftse and some individual. I'd rather not sell out and start again so if I couldn't transfer and had to invest another 5,000 in the uk I'd be far to over weighted in the uk so I doubt I'd bother.