No implications, you can open one whenever you want. If you do open it in November, you would be able to fill a whole years worth in one month, if you have the funds available. But there is no concern of wasting anything if you open it and don’t use it. It will stay available for you at its full extent until you decide to start.
The only thing that won’t wait for you is the stock market!
Well said Johannes. Thanks. I am looking to max out for this year.
What are the implications of opening a NISA account and not investing into it?
If i open in November 2022, does a year fall to Nov 2023 or Dec 2022?
No implications, you can open one whenever you want. If you do open it in November, you would be able to fill a whole years worth in one month, if you have the funds available. But there is no concern of wasting anything if you open it and don’t use it. It will stay available for you at its full extent until you decide to start.
The only thing that won’t wait for you is the stock market!