Flexible Stocks and Shares ISA is now available, allowing customers to build an investment portfolio that suits them
London, UK - Monday 5th December 2022 - With the aim of supporting customers throughout their entire investment journey, UK investment platform - CMC Invest - has launched our new Plus plan, offering flexible stocks and shares ISAs, a USD currency wallet, and a wider investment choice all for a flat custody fee of £10 per month.
CMC Invest continues to put our customers first, providing a frictionless and transparent investing experience. By offering these additional features – users are able to choose from more options and continue to build their own personal investment strategy. With a flexible stocks & shares ISA, customers can make their savings and investments work harder.
“We want our customers to feel empowered to make choices that suit their own investment journey. That is why we are excited to be offering these additional features. A flexible stocks & shares ISA isn’t typically offered on other investment platforms - we are fortunate with our technology to be able to offer this to clients giving them more flexibility to invest how and when they want,” said Albert Soleiman, Head of CMC Invest UK.
The flexible stocks and shares ISA offered as part of the Plus plan is perfect for customers wanting to invest up to £20,000 each tax year and shield their investment returns from tax. A flexible ISA - something only a limited amount of investment providers offer - means customers can take money out of their ISA and place the money back again within the same tax year without impacting their ISA allowance. This offers users peace of mind that they can access their money at any time if their circumstances change, without it affecting their remaining annual ISA allowance.
What's more with an ISA, customers won't pay capital gains or dividends tax on their investments. Given the changes to allowances announced in the recent Autumn budget announcement - stating that the dividend allowance and the capital gains tax annual exemption will be slashed from £12,300 in the current tax year to £6,000 in 2023/24 and £3,000 in 2024/25 - flexible ISAs offer customers even more value. To help customers further, CMC Invest continues to keep costs low, fees flat and commission at 0%.
In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.
CMC Invest will continue to offer a £50 welcome bonus for new customers and three months free on the Plus plan. Investors that already have an existing general investment account and/or stocks and shares ISA are able to transfer their portfolio at no cost. However, it’s worth noting that the customer's existing provider may charge for exiting.
To access the current available benefits, the CMC Invest app is free to download and use, with no minimum spend required. Customers can already invest in over 1,500 UK and US shares, ETFs and Investment Trusts. Investments are commission-free. Money is personal and how it is invested should be too. That is why choosing the right investment provider matters.
About CMC Invest Flexible Stocks and Shares ISA
The investment ISA allows customers to access their money whenever they need it without affecting their remaining annual ISA allowance. So, customers could utilise their years of built-up ISA allowance as a stepping stone to achieve their financial goal.
For example, if they want to move house but they need £60,000 for a deposit. If they have this in their stocks & shares ISA, customers could use the cash as a cushion until the sale of their old home has been completed. And, as long as they put the money back in the same tax year as the withdrawal, the customers allowance is still protected and any money they've earned from their UK investments is exempt from both income and capital gains tax and doesn’t impact their allowance.
There are no hidden fees at CMC Invest. There are no joining fees, no exit fees, and no hidden fees when customers buy, sell and hold shares with us. See our costs and fees for more information.
About CMC Invest
With the launch of its investor platform in the UK, CMC Invest brings its global experience, trusted heritage, and disruptive culture to its customers – so that they can benefit from lower costs and greater long-term value in their investments.
The CMC Group was founded in 1989 in London, UK with over three decades of financial markets experience. CMC services clients from around the world with offices in 16 countries. The company is listed on the London Stock Exchange FTSE250 and is the second biggest stockbroker in Australia where they have won the prestigious Canstar award for Best Online Broker for 12 years in a row.
When investing, your capital is at risk. Other charges apply. T&Cs apply to the welcome bonus and three months free Plus plan subscription.
CMC Invest is a trading name of CMC Markets Investments Ltd, which is authorised and regulated by the Financial Conduct Authority, registration number: 948126. Registered in England and Wales. Company number: 12816952.
For more information please visit - https://www.cmcinvest.com/en-gb/
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When you invest, your capital is at risk.