Intro
ISA is short for ‘Individual Savings Account’. In the United Kingdom, residents are able to participate in this type of savings program. This program is a good starting point for building up your savings, as it is tax-free - whenever you use it. This means no tax on income or capital gains; nor do you need to declare any profits made in an ISA.
There are:
-
Cash ISAs
-
Stocks and shares ISAs
-
Innovative finance ISAs
-
and Lifetime ISAs.
At most brokerages, you can find Stocks and shares ISAs. These accounts are investment savings accounts. You can invest parts, or all of your £20,000 allowance that is available under the program in stocks, bonds, funds and more.
ISA at Trading 212
You can open a stocks and shares ISA account at Trading 212.
Source: Trading 212’s Help Centre
Back to Trading 212 review for 2022
Related topics:
