Jump to content
  • 0

New ISA Year


Cosmic

Question

8 answers to this question

Recommended Posts

  • 0
On 06/04/2021 at 16:31, StephenOR said:

I am wondering when I can deposit money for 2021 ISA. It does not seem to be possible with my 2021/21 ISA. Sorry for the lack of knowledge but I thought it was relevant to this question

Once the date turns to 6th April 2021 any money deposited into your ISA will be for your 2021/2022 allowance. They're all kept in the same account but we're aware of how much you've put in for each financial year. 

I hope this helps. 

Link to comment
  • 0

So basically even though you opened the account in the 2020-2021 financial year you can use the same account, the only thing that changes is that the allowance resets on the 6th of April 2021.

Whatever you carried (let's say you deposited 5000 on 5th of April) it'll be carried automatically for the tax year 2021-2022 but it won't affect the allowance for 2021-2022? (e.g. allowance for 2021-2022 will remain 20000 but in addition to that you'll  already have 5000 in your account from the previous deposit made in the 2020-2021 tax year)

Am I right?

Thank you,
/S

Link to comment
  • 0

Can someone confirm this for me...

I opened a 2020/21 Stocks and Shares ISA but didn’t get round to depositing anything in it - is that £20k allowance for 20/21 now gone? 

if I add £20k now for 21/22 will this be my full limit or can I also add the £20k from 20/21 totalling £40k? 

thanks

Link to comment
  • 0
29 minutes ago, Ukeno said:

Can someone confirm this for me...

I opened a 2020/21 Stocks and Shares ISA but didn’t get round to depositing anything in it - is that £20k allowance for 20/21 now gone? 

if I add £20k now for 21/22 will this be my full limit or can I also add the £20k from 20/21 totalling £40k? 

thanks

2020/21 allowance is now gone. all you can deposit this year is just 20000 max. (e.g. you can deposit from your card into that account only 20000 max. also this is considering you don't have any other types of isa accounts which can eat into your allowance)

  • Thanks 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      19,989
    • Total Posts
      87,951
    • Total Members
      69,141
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    unlimitednbv
    Joined 25/09/22 18:52
  • Posts

    • Hey @pravid17 I hope you're well.  In the leveraged trading industry there are brokers who don't hedge client's exposure and brokers (like ourselves) who do hedge client's exposure.  In a perfect world the exposure of short clients would net off the trades of long clients however this is not always the case. Our hedging model allows us to take an exposure in the underlying market for the remaining exposure which doesn't offset - This way we don't need to hedge every trade, worry about profits of our clients and results in lower costs for hedging in the underlying market (commissions, interest etc.). So say 60% of IG customer exposure in the ASX was long and 40% of exposure on the ASX was short. The 40% would net each other off but there's a remaining 20% of customers who need to be hedged to cover their positions. We go into the market and hedge this.  We make our money primarily through our spreads and overnight funding  with other fees making up a small proportion of our revenue. I would like to remind also that IG is regulated by several bodies globally, including top-tier regulators like the UK's FCA, Germany's BaFIN, Australia's ASIC - This should be quite reassuring from a dealing execution and transparency perspective.  I hope this helps, let me know if you have any other question 
    • A survey from Reviews.org, which featured 1000 Americans, found that as many as 1 in 4 US subscribers may quit the service in the next year.    Jeremy Naylor | Writer, London | Publication date: Friday 23 September 2022  There was an interesting breakdown, but the main reason was affordability. Only 18% said they would move to a cheaper competitor. IGTV’s Jeremy Naylor looks at the numbers. Netflix subscription woes Netflix Inc (All Sessions) could be in for a rough time ahead over the next 12 months if a new survey is anything to go by, which was conducted in the US. Out of the 1,000 adults that took part in this survey undertaken by Reviews.org, around 25% of those that were covered said that they would be cancelling their Netflix subscription within the next 12 months. Now, it says with that 25% of US subscribers to Netflix considering leaving, not to join a competitor, but mostly because of pressures on household bills. This is how it is split: rising cost of subscriptions - 40% inflation - 20% a lack of content - 22% spending more time on the services of others - 18% So you can see, a minority said they were going to other services, such as those provided by Disney Plus or Amazon Prime. The cost of Netflix has risen dramatically this year as its basic plan increased by 11% in January and its other plans by 20% to 25%. Now these were the first price increases for three years, so that itself is relatively new for a lot of subscribers. Netflix share price Let's take a look at the Netflix share price. You can see on the far left hand side of this chart the COVID lows at $290.39. We saw a whacking great increase there of 141% to the top and the record high in Netflix shares back in November 2021. And that was when subscriptions were rising, people were paying more for their services, and it was all humming beautifully. And then all of a sudden people started questioning the numbers of streaming services they were undertaking with some deciding to withdraw from Netflix. All of a sudden the big drops started coming through with profit warnings and sales warnings. We've recently hit a new low of $162.50. Since then there has been a little bit of an increase. We're currently trading at $232.75, but we are down by a margin of 1.75% in today's session, which reflects this news that we could well see a relatively large drop in subscribers for Netflix in the US within the next 12 months.
    • Market data to trade the week of 26 September: Nasdaq; NXT From the economic calendar next week IG technical analyst, Axel Rudolph, picks up on a short trade on the Nasdaq around US inflation data. Meanwhile, despite another light week of corporate data, Axel picks out the chart of Next plc (NXT) as an interesting trade to think about.          
×
×
  • Create New...