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Moving outside the UK rules (ISA,shares etc)


hkominos

Question

Greetings.

I would like to know what is the official position  of IG regarding ISAs for customers moving outside the UK.
As a non-UK taxpayer I assume that account becomes "locked" in the sense that no new positions can be opened but what about the current position and the amounts already in the account? Do they remain ?
What about normal shares accounts?

Regards

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On 19/03/2022 at 22:51, hkominos said:

Greetings.

I would like to know what is the official position  of IG regarding ISAs for customers moving outside the UK.
As a non-UK taxpayer I assume that account becomes "locked" in the sense that no new positions can be opened but what about the current position and the amounts already in the account? Do they remain ?
What about normal shares accounts?

Regards

Hi @hkominos,

Effectively UK ISA and accounts are available for UK tax payer. I do know that if you move out of UK you will need to create a new account in the relevant region you are in as the customer agreements and products will differ accordingly to the local regulations.
Reach out to helpdesk.uk@ig.com or use our live chat feature to confirm if you can keep your ISA account open.

All the best - Arvin

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On 09/04/2022 at 20:18, RonaldFelison said:

If you have paid taxes to an ISA in the UK then you have the right and access to your pension account or savings account. You can transfer the amount to an IRA in the US after you move and open an account there. If you don't have one, you can apply to the IRS to have your funds transferred. They are already yours.

And what if I didn't pay taxes, I could be fined or put in jail? Sorry for the strange question, I just haven't paid taxes for a long time.

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