Am I right in thinking there are few tangible reasons to invest in a stocks-and-shares-ISA unless you expect to use up your CGT exempt allowance in other gains?
But I guess the above changes in the case of stocks paying large dividends. How favourably are ISAs for dividends against any tax on dividends paid for shares held directly.
Cheers
Brian
Bitstring , from the wonderful person Brian W said
Or unless you are a 40% tax payer, or unless you plan to invest it in something which pays interest rather than dividends (gilt fund, corporate bonds, whatever), where you can still get the (20%) tax back.
No reclaim of ordinary dividends any more, however in an ISA a high rate Tax payer would not be liable to pay the extra tax they'd have to pay outside an ISA.
UTs held in an ISA generally cost no more - if you hold shares in an ISA, most places will make an annual charge.
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