Whats the difference in using ''Trading 212 INVEST'' vs ''Trading 212 ISA''

Just wondering what the difference is between the two categories. Thanks

The Trading 212 ISA account is a Stocks & Shares ISA account while the Trading 212 Invest account is an investment account without the advantages of the ISA tax-efficient wrapper for investments.

The ISA is protected from tax on any money you make inside it, for the trade-off of only being allowed to deposit a fixed amount of money every year. with the Invest account you will have to calculate all your earnings each year and submit to the government forms to pay tax on the portion of earnings taxes are due.

For example, you can earn £2000 in dividends in the UK before paying tax on them. there are also limits for capital appreciation, but only when you sell a share, not while you still hold it, above which you will have to pay tax. The ISA does not have to pay any of these taxes and you don’t need to submit any numbers to the government regarding your investments in this account.

Oh okay. So the only real benefit of the Invest account is the unlimited amount of investment you can put in? As I am a working student and only investing a few hundred pounds every now and then I should probably use the ISA account instead of the trading account. Would you recommend this?

@mawilla Yes I would always use the ISA account over Invest unless you are going to reach the annual £20,000 deposit limit.

Thank you ill retrieve my shares and put them into the ISA account now.

Is the ISA only available to UK tax-payers? What about EU citizens?

@disbon You must be a UK resident to qualify for an ISA

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Thank you! :slight_smile:

Imy 60yrs and work in getting a small work pension I invest in the stocks and shares do I have to pay tax

Apologies I ment to say I can not work due to my disability I get a small work pension do I have to pay tax. I am looking at investing for the long term I was told that I can not have 2 is a. Is that right

You can have 2 ISAs but you cannot pay into more than 1 Stocks and Shares ISA in the same tax year. If you open an S&S ISA today and fund it you’ll be able to open a new one and fund it on April 6th. Investments made within an ISA are not subject to tax irrespective of your personal circumstances.

THIS IS IN PUBLIC VIEW!!!

Not sure who you’re trying to contact but your personal detail are now on display for everyone to see, DELETE DELETE DELETE

I think I have revolved. Can you confirm

please do not post private information to a public forum. It doesn’t matter if it is yours or somebody else, the harm caused is the same. I personally don’t think people should be sharing even just email addresses outside of private messages.