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Not that it’s relevant in this case, because there aren’t any UCITS/NURS BTC ETFs yet, but in the UK one can only pay into a single S&S ISA (a tax-wrapper, the
by denotational 3y ago
Not that it’s relevant in this case, because there aren’t any UCITS/NURS BTC ETFs yet, but in the UK one can only pay into a single S&S ISA (a tax-wrapper, the US equivalent of which I think would be a Roth IRA) in any given tax year, so it’s not always as simple as having multiple accounts.
Paying into a second account would require it to be outside the ISA scheme making the investments subject to CGT, etc.
- quickthrowman 3y agoCan you transfer your account to another custodian/broker? You can do that with a Roth IRS here.
- csdreamer7 3y agoThe US does not have that. In fact, if you were to move to another job, it is very easy to commit more than you should have to your 401k (Roth or pretax) since the providers only let you contribute a percentage of your paycheck, vs a fixed amount to it. Do not know if that is a legal requirement for the percentage of paycheck part. IRAs have the same problem where you can contribute more than you should if you use two providers and contribute to both. They will only track it at their firm.
- Kon-Peki 3y ago> providers only let you contribute a percentage of your paycheck, vs a fixed amount to it. No, you’ve just got a lazy HR/payroll provider. The govt couldn’t care less about it, just that your total for the year doesn’t exceed your limits.