eToro ISA Guide

In a market where DIY investment platforms can struggle to differentiate themselves, eToro ISA Guide has done well to stand out by bringing social and copy-trading to the mix. Its website is reminiscent of Facebook, with a rolling news feed at the top allowing customers to share advice and ideas. This, coupled with the ability to talk to other users and mirror their portfolios, sets it apart from rivals Hargreaves Lansdown and AJ Bell. Other selling points include a slick app and low fees, including 0% commission on stocks and ETFs.

eToro ISA Guide: How to Invest Tax-Free in the UK

Its major drawback is that it doesn’t offer its own ISA wrapper (although a partnered Stocks and Shares ISA with Moneyfarm is available). This means that profits on shares bought via eToro are subject to capital gains tax (CGT) at the same rate as any other general investment account. This isn’t exclusive to eToro and many other competitors do offer an ISA or Sipp but it could deter those who prefer to invest using funds and bonds.

eToro’s Stocks and Shares ISA with Moneyfarm gives UK investors the chance to put their ISA allowance (that’s PS20,000 each tax year) into professionally managed investments and save on income tax, CGT, and IHT. While it does come with a slightly higher management fee than some of its rivals, the user-friendly platform and professionally managed portfolios make it a compelling option. Read our full eToro ISA review for more details on the fees and features.

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