Whats happens to my IG ISA account if I decide to move outside UK?
Joined 17/05/23 10:51
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By deepandcomplex · PostedHi all. I have a chunk of cash sitting around and don't really want to allocate it to equities or anything too risky so I was hoping to pick up some regular coupons from something like non-junk bond. I've tried to find bonds on my ISA or Share Dealing account but they don't really seem to exist. I can't find bonds nor ETFs of bonds... Also can someone help me to understand - like I don't want to bet on the value of bonds or rates going up. I only care about dumping cash in bonds and receiving regular coupons. I understand that the prices of bonds go up and down and therefore you may make a gain/loss on your principal if you sell before maturity, but I kinda want a low-risk bond and want to hold it to maturity. Or at least something that has that kind of risk-reward profile.
As per regulation a person can only contribute to ISA account as long as he is a resident of UK.
But can continue to hold shares / funds in ISA account even after he moves of of UK.
My questions are:
1) Can I operate my IG ISA account from outside UK with existing funds? Does IG app and website access would be available?
2) If needed can i transfer funds from IG account to bank outside UK?
Has anyone in this forum has personal experience.
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