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Showing posts from January, 2022

UK ISA Accounts

Isa Accounts In this post i'd like to talk about Isa accounts, Isa accounts are tax free wrappers available in the UK for both investments, savings and peer to peer lending. Any capital gains, dividends or interest generated within an Isa is tax free. What makes Isa accounts unique is the fact that unlike other tax wrapper accounts such as pensions, An Isa allows its owner to withdraw money without penalty. Limitations Isa accounts allow their owners to put up to £20,000 in every year, after reaching the £20,000 limit, no more can be placed into an isa that year until they reset in April. Once the limit has been reset you are free to either place another £20,000 into that same account or open up an Isa somewhere else. Although you can have more than one Isa of the same type if you pay into them on separate years, you can only pay into one Isa of the same type per year. for example if i opened a stocks and shares Isa with one provider, i would still be able to open up a savings acco

Freetrade Review After 4 Years Of Use

  Disclosure : I own shares in Freetrade. Freetrade is a relatively new trading app that started in the UK and has now opened up across Europe, the app essentially allows you to do as the name implies, purchase and sell shares without a commission fee. Of-course there's still a currency conversion when buying stocks in currencies other than your home currency, however compared to many other investment services, this is very cheep when taking into account the cost of buying and selling shares. The Interface Having used Feetrade for almost 4 years now I've found the interface of the app to posses a beautiful and simplified design. When opened you are presented with a clear list presenting all of your positions, the number of shares, and the amount of money those shares represent, as well as the percentage that those positions are in the green or the red. Scrolling down you are presented with a watch list that clearly shows how each ticker you'r watching has done over a month