ISA's

[Moscow Mule]

Whilst we're here, can anybody recommend a self-trade ISA (if such a thing exists)?

I'd like to stick £5k in an ISA wrapper, but buy and sell shares myself within that wrapper "tax-free". It that possible?

 

[Cheshire Cat]

I don't have much experience with ISAs (as you can probably tell) but there are "self select" ISAs out there. You can start here:
http://www.fool.co.uk/isas/self-select-isas.aspx

 

[ChimpMaster]

Whilst we're here, can anybody recommend a self-trade ISA (if such a thing exists)?

I'd like to stick £5k in an ISA wrapper, but buy and sell shares myself within that wrapper "tax-free". It that possible?

I have this with Barclays Stockbrokers. Very easy to trade online.

I bought HBOS and RBS a couple of years ago in my ISA: now worth 90% less

I wonder if I can offset these ISA losses against future gains made outside of an ISA?

 

[Cheshire Cat]

I have this with Barclays Stockbrokers. Very easy to trade online.

I bought HBOS and RBS a couple of years ago in my ISA: now worth 90% less

I wonder if I can offset these ISA losses against future gains made outside of an ISA?

Maybe now is the time to buy HBOS and RBS stocks then?
If they recover to last years prices at some point in the next 5 years, you'll make 1000% return.
It's a big "if".

 

[Doggy Styles]

OK, I should have said that money in an ISa is free of all tax as long as you keep it in the ISA, and at the thime when you take it out of the ISA.

So: put in £7000, it becomes £21000, still no tax due. Take £21000 out of ISA, still no tax due, because the gain that is now being cashed in happened inside an ISA.

Put £21000 in Building Society, get 1% interest = £210. Normal income tax due on £210, because the gain did not happen inside an ISA.

It's not clear from this thread, but actually Hector does grab some tax from your ISA - everyone pays basic-rate tax on dividends accrued within it.

 

[bobhope]

Some more for for you expat:

* Can I use mark to model valuation on my ISA?

* If I stress test it using a 40% haircut and it fails, do I get a bailout?

 

[expat]

Some more for for you expat:

* Can I use mark to model valuation on my ISA?

* If I stress test it using a 40% haircut and it fails, do I get a bailout?

On the first, I'll have to get back to you.
or not, more likely
On the second, no way. Unless you know something I don't?
and I don't think so

 

[Bagpuss]

ISA's? Who is ISA?

 

[expat]

ISA's? Who is ISA?

a 10m-year-old mammal.