ISA mini stocks and shares wrappers - are they worth it for basic rate tax payers?

So you may as well go in now.

The only benefit would be in CGT when you come to sell it. The fund would need to more than double before it isn't covered by your annual exemption and you can deal with this by selling parts of it over several years, or by selling and moving into another, possibly similar fund.

In message , John writes

The benefit is twofold :

CGT avoidance (when added to other things) but you cant use any losses and

Later, if you wish to transfer to Fixed Interest (say when in retirement) the interest is still tax free.

BUT dont let thois stop you making an investment. If you want to invest, then invest, looking at any available tax wrappers comes next .

Surely there is a benefit if you're actually drawing income from the fund as you won't have to pay any income tax on it, assuming that you have enough income to have already used up your allowance?

In message , snipped-for-privacy@gmail.com writes

But iof the 'income' you take is the dividends received by the fund then they still have tax deducted before the fund gets them and it cant be claimed back anymore by the ISA provider. 'Interest' though, including that form fixed interest stocks, are paid Gross.

Tax credits won't be affected by ISA income.

Age related tax allowances won't be affected by ISA income (for over 65's).

In message , Jonathan Bryce writes

Just make sure you dont sell your 'buy to let' in the same year!

In message , Andy Pandy writes

Fair comment.

Fivefold if you become a higher rate tax payer in future.

Thom