I have started sticking some money each month into shares on the stocks ISA.
However in a couple of years I plan on moving to Australia.
From what I understand, the ISA wrapper is only recognised in the UK, and if I kept this account I would be taxed on it anyway without being able to actually add into it.
My question is whether I will be able to transfer this ISA account out into a standard investing account, either with T212 or another provider? This would be ideal over selling my positions as I’m hoping they will provide good growth over the years.
Transferring shares between your Trading 212 S&S ISA to your Trading 212 Invest account or vice versa is not supported.
When you open an ISA in the UK and later move abroad, you’re typically not allowed to add more funds unless you’re a Crown employee working overseas or their spouse/civil partner.
After you relocate, you can keep your ISA and continue to benefit from tax relief on existing funds, but further contributions are not allowed. If you return to the UK and become a resident, you can start contributing to your ISA again.
Is it possible to transfer my shares from the T212 ISA account into another companies ISA account (i.e. a non-ISA investment account from a company who isn’t T212)?
I am hoping to find a way to transfer my current positions whilst still being able to add to them to make the most of compounding.
regardless of company. this is not a T212 limitation. ISA is not simply just another account type, it is legislative tax wrapper.
this is also wrong, you will not be taxed on your existing ISA. When you loose your tax residency in UK, you only loose the right to contribute more into it.
I have a feeling you misunderstand what compounding is, “gains you made, making more gains” has nothing to do with where your holding are, or where you are buying more of them.
Moving your existing investments out of your ISA has nothing but negative effects and have zero benefits to it.
Yes 22 now support inspecie transfers in and out from another providers ISA wrapper in/out of 212. What happens all depends if the assets are available on either side.
This is not possible. You can’t transfer assets from an ISA to a GIA or GIA to ISA.
Hello.Is anyone are familiar with the current question.Is it possible to transfer isa account from UK to invest account inBulgaria and continue to used as normal invest account.
Hello.If you leave the UK permanently and never come back,the isa account is not gonna be tax anyway in the country where you move to. Because in almost every country you have to pay tax on assets and gains and dividends by the country laws.Is that not correct?If you leave the UK and never come back why is not possible to transfer isa to invest account and start paying taxes in the country where you move to and you don’t have any association with the HMRC in UK anymore.
When you contributed to your ISA, you were a U.K. resident. If you leave the U.K., then you can no longer add new contributions, BUT should still be able to keep the assets in the ISA wrapper to continue to benefit from the tax relief.
If you’re registered in our UK entity and move to Bulgaria, you can continue using & contributing to your Invest account. You’ll only have to update your address.
