If you're moving abroad and you opened an ISA (Individual Savings Account) in the UK, you won't be able to put money into it after the tax year in which you have moved. Only Crown employees working overseas will be able to deposit money to their ISA while abroad.
It is important to notify your ISA provider promptly when you cease to be a resident of the UK. You can still maintain your ISA account and receive tax relief on the money and investments held within it. However, it is possible that the tax-exempt status of your ISA may not be recognized in your new country of residence. We strongly advise contacting the local tax authorities for specific details.
In the event that you return and become a UK resident again, you will regain the ability to contribute money to your ISAs within the annual ISA allowance. 👌
Will I be able to use Trading 212's CFD and Invest account?
You'll still have access to the CFD, and Invest accounts as long as there aren't any local restrictions.
If you move to a country which in our view poses a regulatory risk we may still place restrictions on or terminate your accounts. In such cases you can
- open a new ISA account with Trading 212 when you move back to the UK.
- open new CFD and/or Invest accounts with Trading 212 when you move to a supported country in which we offer these services.