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I know that I cannot pay into my ISA anymore, but can I invest this money into my UK GIA even if I don't live there anymore?

10 February 2022

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Question by Hannah

I have an ISA and GIA account in the UK. I now live in Canada and will start investing here soon but I still have some UK rental income coming into a UK bank account. I know that I cannot pay into my ISA anymore, but can I invest this money into my UK GIA even if I don't live there anymore?


Answered by Justin King

Hi Hannah,

You will need to speak to the provider of your GIA.

I appreciate you know you can't contribute to your ISA though I thought I would give you the link to the rules: https://www.gov.uk/individual-savings-accounts/if-you-move-abroad

Hope that helps,

Justin

Answered by

Justin King

Chartered Financial Planner

I am a Chartered Financial Planner specialising in helping people retire successfully. I set up MFP Wealth Management, our family-run retirement planning firm in Mudeford, Dorset over 10 years ago to help people who have worked hard, enjoyed financial success, and are looking to reap the rewards as they approach retirement.