RE: Tomorrow29 Sep 2020 19:51
Mtel you can put £20k in a year and any gains are totally tax free. You could get to £1,000,000 and it will be tax free. There are actually around 300 investors who have actually done that in the UK as far as I know. Remember you can only deposit £20k per year though. Outside an ISA you’re allowed to make profits of up to £12,300 without paying tax as far as I know, anything over that you’ll need to declare it which is why holding and not making too much profit from selling might (and I’m definitely not an expert so dont follow my advice, I’m actually a noob) *might* be the best course of action. You maybalso be inclined to take some profits though as you’re up around £80k at the moment aren’t you? Maybe someone else can chime in with a more experienced opinion?