Share dealing accounts - ISA or standard

[southgate]

Been looking at some of the most recommended share dealing accounts on here, namely X-O and iii.

I currently don't have an ISA, so should I automatically go for one of these style accounts?

Are there any drawbacks, ie limits to what type of shares can be traded?

[moles]

Think it is only for FTSE 100 companies.

[moles]

Think it is only for FTSE 100 companies.

[ringram]

Piffle.

An ISA wrapper can be used with any share. It depends on the provider though some are better than others.
H&L have a good rep. You can hold ETF's which are one of the lowest cost tracking asset classes or the shares themselves, or a fund etc, etc.

Definitely go for an ISA and max it out each year. All gains and income are tax free.

Im sure some of the more experienced bods will add some more comments soon.

[Dr_Gonzo]

ringram said:

Piffle.

An ISA wrapper can be used with any share. It depends on the provider though some are better than others.
H&L have a good rep. You can hold ETF's which are one of the lowest cost tracking asset classes or the shares themselves, or a fund etc, etc.

Definitely go for an ISA and max it out each year. All gains and income are tax free.

Im sure some of the more experienced bods will add some more comments soon.

My understanding that an ISA can be used for any share on the traded on the LSE but not the AIM.

[twinturboz]

One point to remember though. Whilst all gains are tax free you can't offset your losses if they are within an ISA.

[anonymous-user]

http://www.hmrc.gov.uk/isa/faqs.htm#24

There is a confusion re AIM listed shares, some qualify for inclusion in an ISA, some don't... essentially, AIM is not a registered exchange, but some AIM shares are also listed on another recognised exchange (abroad) and can be included

http://www.hmrc.gov.uk/isa/bullletin30.htm#6

fool did an article recommeding some this year

http://www.fool.co.uk/news/investing/investing-str...