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Freetrade has just been approved to be an ISA Manager
A quick update that Freetrade has just been approved to be an ISA Manager by the Board of HM Revenue and Customs. ✅
What does it mean?
You, as our customer, will be able open a Stocks & Shares ISA as soon as you get your coveted Freetrade account during our roll-out in early 2018!
What is an ISA?
ISAs (Individual Savings Accounts) are a tax-free way to save and invest. It’s a type of account where you don’t pay tax on your gains, e.g. interest on cash or capital gains from investments in an ISA.
Read more about how ISAs work here.
Being approved to provide ISAs is great news, and a result of our direct authorisation by the FCA. We are building a full-stack brokerage that puts its customers first, and another important building block is in place. 🙌
Important Information
This should not be read as personal investment advice and individual investors should make their own decisions or seek independent advice.
When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance is not a reliable indicator of future results.
Eligibility to invest into an ISA and the value of tax savings depends on personal circumstances and all tax rules may change.
Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).