Can I buy an ISA?
Are there any restrictions on me buying an ISA in the UK while living here:confused:
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Re: Can I buy an ISA?
Yes. Non-residents may not invest in ISAs (whether cash or equity). Existing plans may be maintained.
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Re: Can I buy an ISA?
Originally Posted by Meow
(Post 6145873)
Yes. Non-residents may not invest in ISAs (whether cash or equity). Existing plans may be maintained.
As I have only arrived here in the past 3 months - with the significant majority of my 2007-08 tax year spent in the UK is there one last chance to take advantage or is this still a no-no? |
Re: Can I buy an ISA?
Originally Posted by Meow
(Post 6145873)
Yes. Non-residents may not invest in ISAs (whether cash or equity). Existing plans may be maintained.
Although I have worked outside the UK for the last 7 years, I have always ben paid out of our UK payroll dept. Consequently, I have always just paid my Income Tax and then self-assessed every year and claimed under the sub-90 day rule.... Am I correct in saying that I am technically classified as resident and therefore able to take advantage of all that means with regards ISA's etc??? |
Re: Can I buy an ISA?
Originally Posted by ssuh
(Post 6145780)
Are there any restrictions on me buying an ISA in the UK while living here:confused:
N. |
Re: Can I buy an ISA?
Originally Posted by ssuh
(Post 6145999)
Thanks Meow - very clear.
As I have only arrived here in the past 3 months - with the significant majority of my 2007-08 tax year spent in the UK is there one last chance to take advantage or is this still a no-no? In that case you can still get one, but you'd have to be quick. Are you talking a cash ISA? If so, I wouldn't bother personally as you can get gross interest on deposit accounts as a non-resident. Norm - there is an advantage of unit trusts over bond structures though. Lower charges & more flexibility, especially if bought through a platform. |
Re: Can I buy an ISA?
Originally Posted by ScotsExpat
(Post 6146006)
Meow, I have a quick (hopefully) question for you re: Non-Residency...
Although I have worked outside the UK for the last 7 years, I have always ben paid out of our UK payroll dept. Consequently, I have always just paid my Income Tax and then self-assessed every year and claimed under the sub-90 day rule.... Am I correct in saying that I am technically classified as resident and therefore able to take advantage of all that means with regards ISA's etc??? |
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