Stocks and shares ISA - Moving abroad

🤝 Help
1

Hi guys, For T212 Team - Would you be able to explain what happens to my stocks and shares ISA in T212 if I were to move abroad in europe, let’s say France or Portugal? Can I keep my stocks and shares ISA in the UK due to the tax benefits of an ISA account? I am aware that banks let you keep your ISAs even if you move abroad as long as you don’t transfer any new money but unsure what T212 approach is.

Thanks all in advance

2

Our approach is the same - if you move abroad after opening a Trading 212 ISA and are no longer a UK tax resident, you can keep the ISA and continue to benefit from UK tax relief on any interest or gains already within it. However, you will not be able to add new funds unless you are a Crown employee working overseas, or your spouse or civil partner.

3

While we’re on the topic, may I ask a couple of follow up questions, please?

  1. Would I still be able to make contributions for the rest of that financial year?
  2. If I take out any money from my ISA, would I be able to deposit it back within the same year (similar to generally how a flexible ISA works)?
4

What will happen to my isa account if I move to China? Do I have to close all my positions and transfer all money out then close the account?

5

@khazza93 Depending on the country you move to, you may be able to keep your ISA and continue benefiting from tax-free returns. However, once your address is updated, you won’t be able to make any further contributions to the ISA.

As for the second question, the 212 ISAs are flexible, meaning you can withdraw and replace funds without affecting your annual allowance. Current-year funds can be repaid into the same or another ISA, while previous-year funds must be returned to the same ISA they were withdrawn from.

@AnthonyJjj Our services are not available in China, so if you move there, your account would need to be closed. Feel free to contact our support team in advance to ensure the process is handled as smoothly as possible.