A Stocks and Shares ISA allows you to invest up to £20,000 each year without having to pay capital gains or UK dividends tax.

When using a GIA, you will start paying capital gains tax after earning £12,300 in capital gains and you will start paying dividend tax after earning £2,000 in dividends.

We’re unable to provide advice on tax, but you can read more about this on the government website here.

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