In the UK, we can have a tax free Individual savings account (ISA) account. You can add up to £20K each tax year into it, and you don't pay tax on any profit it may generate. Trouble is if you already have savings in a normal trading account (which is taxed on any profit) you have to sell to get it into the ISA, they can't be transferred by the broker.
In the UK, we can have a tax free Individual savings account...
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