Does an ETF count against your annual ISA allowance and if you have an ISA can you have an ETF with a different provider?
22 April 2022
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Question by Richard
Does an ETF count against your annual ISA allowance and if you have an ISA can you have an ETF with a different provider?
Answered by Joshua Gerstler
Hi Richard,
In simple terms, an ETF (Exchange Traded Fund) is a type of tracker fund.
You can hold an ETF in most investment wrappers including an ISA and Pension.
If you hold an ETF in a General Investment Account then it does not count towards your ISA allowance.
If you purchase it in your ISA then yes it counts towards your £20,000 ISA allowance.
You can hold an ETF with any provider that allows it and this can be a different provider from your ISA provider.
I hope that helps!
Josh
