A YouTube speaker (Ndubuisi 'Andy' Egwim) explains how UK Stock & Shares ISAs shelter investment growth from capital gains tax, contrasts ISAs with taxable investing in other countries, and outlines annual contribution limits and Junior ISA rules. The talk encourages using ISAs rather than cash ISAs which many UK savers prefer, and frames ISAs as a tax-efficient vehicle for individuals and families.
That means if you invested 20,000, even if in five years you get a hundred thousand back, normally you're supposed to pay a percentage of that in taxes because you've incurred what we call a capital gains. Capital gains starting 20 to 24% you have to pay. You can have a look at the exact figure on the increase of your investment. That's a rule. That's normal thing. I paid capital gains tax in different countries. In Nigeria and China, if you invest in so. But in the uk we are blessed with something called stock and shares isa, which means that you can invest your money, it grows. You don't have to pay any tax on that growth as long as it was invested through an isa. Obviously the government is not going to allow you to invest a million pounds. The maximum you can do in an ISA is 20k per year. And that's where some people would take invest 20k for yourself, maybe invest 20k for your spouse. If you've got the extra money, obviously invest 9,000 for your kids, because kids can have 9,000 in Junior Isa. Now that is how to use your. Your stock and shares ISA for investing. You don't pay any interest on the capital gains. This is an opportunity to say that obviously ISA. Most people think that ISA is just a cash ISA. I think it's 78 of Brits that leave their money in the cash ISA because either they don't know about stock and shares I saw. They don't know about investing, or they're worried and all that. And.
