According to the official announcement, the additional features are available for a flat custody fee of £10 per month without additional commissions. CMC Invest clients are able to take money from their accounts and place it again in the same tax year, without affecting their ISA allowances.
The new offering is aimed at customers who want to invest up to £20,000 a year and protect their investment returns from tax. These features allow customers to not pay dividend allowance and the capital gains tax with annual exemption cut from £12,300 for this tax year to £6,000 in 2023/2024 and £3,000 in 2024/2025.
The Plus plan also offers USD currency wallets in addition to its main GBP wallet. This allows customers to avoid FX charges.
CMC Markets released its interim results from the fiscal half-year 2023. It reported a 21% rise in net operating revenue.
LeapRate’s first article, CMC Invest Expands Offering with Flexible Stocks and Shares ISAs appeared on LeapRate.