Author Topic: keep ISAs when moving abroad  (Read 1409 times)

kaspermn

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keep ISAs when moving abroad
« on: May 03, 2021, 11:23:50 AM »
I recently moved to the UK and opened 2 stocks and shares ISAs with Vanguard and Freetrade. I am planning on staying in the UK for another 2 years and then move to a capital gains friendly EU country. Does anyone have good or bad experiences with keeping their ISAs after moving abroad?

Playing with Fire UK

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Re: keep ISAs when moving abroad
« Reply #1 on: May 14, 2021, 12:23:52 AM »
From a UK tax perspective you can only contribute to an ISA while tax resident in the UK, but you get the whole annual allowance for a partial year of tax residency. You can keep the ISA while outside of the UK and enjoy tax protection from UK tax. The issue is that not every other country will recognise the ISA as tax-free, and it can be difficult to extract the tax records you need to declare the growth or income. Also, some providers won't allow you to keep the ISA open if you change the address to outside the UK.

Getting INC funds rather than ACC funds will make record keeping easier.

 

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