ISA is a tax free wrapper where any gains in your ISA account are free UK 'Income Tax' and UK 'Capital Gains Tax'.
Before opening any account may I suggest you spend some quality time conducting research as this information is available online. Also reading and research is a must for any successful investor. It will help you build up a good level of knowledge.
All you had to do is 'Google' it. You would have found out the answer. The fact that you did not and then spent the time asking this on IG Community is slightly worrying. Always try and find out the answer yourself using the 'Internet'. If you cannot then I am sure someone here on IG Community will be able to assist.
Please do not take my post the wrong way. I am trying to get you into the right mindset for becoming a self sufficient investor who relies less on other people and can obtain basic and simple information themselves.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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