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)?