Can I buy an ISA?
 

Are there any restrictions on me buying an ISA in the UK while living here:confused:

Re: Can I buy an ISA?
 

Yes. Non-residents may not invest in ISAs (whether cash or equity). Existing plans may be maintained.

Re: Can I buy an ISA?
 

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?

Re: Can I buy an ISA?
 

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???

Re: Can I buy an ISA?
 

The question is why would you want one while living and working here? You can get very attractive offshore bonds and investments, some with capital protection and all tax free while you're here :)

N.

Re: Can I buy an ISA?
 

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?
 

What does HMRC class you as for tax purposes though?