How an ISA millionaire chooses stocks
Money Clinic with Claer Barrett
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The Tax Advantages of an ICER
An ICER is a tax-free pot of money that can be reinvested to grow. If an ICER hadn't existed, I think I would have probably built up a share portfolio. But I don't think I'd have been quite as disciplined as I've been by having the overall wrapper and reinvesting within on a compounding basis. The other tax advantage of ICER's is that if you wanted to go out tomorrow, withdraw 100,000 pounds from your ICER and spend it on whatever you wanted to, it wouldn't count as income for tax purposes.
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