Tax and Contribution based ESA

Tomba26434

I want to invest in Cryptocurrency and after some research I have found out that any gains are subject to Capital Gains Tax and any passive income is subject to 'miscellaneous' income tax. Does anyone know whether such investments would impact my ESA?

calcotti

Investments do not have any impact on ESA that is entirely contributions based.

Tomba26434

Brilliant news, thanks

Ross_Alumni

I'm glad the above information has been helpful for you @Tomba26434 and best of luck with the crypto currency investment.

Tomba26434

Thanks for the warning @woodbine. I appreciate the dangers and have done a lot of research. I will definitely ensure that I only invest what I am willing to lose.