ashtondav
Member of DD Central
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Post by ashtondav on Feb 8, 2018 17:34:08 GMT
I can't see anywhere the cost of transferring out of the RS ISA to another provider if not happy with future returns.
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Post by drphil on Feb 14, 2018 13:34:51 GMT
Just been told by Customer Services that there is no transfer out fee.
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rambler
Member of DD Central
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Post by rambler on Feb 15, 2018 15:54:00 GMT
Just been told by Customer Services that there is no transfer out fee. But you will of course have to pay the standard fee to sell any loans on the 5 year or 1 year markets
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cb25
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Post by cb25 on May 2, 2018 15:34:31 GMT
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
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Post by sussexlender on May 3, 2018 7:32:06 GMT
And having drawn in a lot of new money, Ratesetters have decided to suddenly change the rules on the Rolling Market so it becomes "whatever is the lowest current going rate - we decide not you - setters".
Some FISA holders may have a justified since of grievance with this sudden and unilateral change of investment policy but have committed funds to this years FISA with Ratesetters only to find the system that they were promised / expected & wanted to be able to use - their own cash set at their own minimum level of interest - is to be removed from June.
Astonishing development.
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cb25
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Post by cb25 on May 3, 2018 7:46:21 GMT
Might not do any good to switch to the 5-year, latest matches are Rolling 2.7%, 5-year 2.6% !!
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ceejay
Posts: 971
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Post by ceejay on May 3, 2018 8:19:23 GMT
And having drawn in a lot of new money, Ratesetters have decided to suddenly change the rules on the Rolling Market so it becomes "whatever is the lowest current going rate - we decide not you - setters".
Some FISA holders may have a justified since of grievance with this sudden and unilateral change of investment policy but have committed funds to this years FISA with Ratesetters only to find the system that they were promised / expected & wanted to be able to use - their own cash set at their own minimum level of interest - is to be removed from June.
Astonishing development.
True. But you do have the option to transfer this year's ISA to another provider - as long as you move all of this year's subscriptions plus any return all at once to the same destination.
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Post by befuddled on May 3, 2018 8:33:51 GMT
And having drawn in a lot of new money, Ratesetters have decided to suddenly change the rules on the Rolling Market so it becomes "whatever is the lowest current going rate - we decide not you - setters".
Some FISA holders may have a justified since of grievance with this sudden and unilateral change of investment policy but have committed funds to this years FISA with Ratesetters only to find the system that they were promised / expected & wanted to be able to use - their own cash set at their own minimum level of interest - is to be removed from June.
Astonishing development.
I find myself in this exact situation. Have set accounts to re-invest to holding whilst I consider. Not sure I fully trust Ratesetter any more, and have serious doubts about committing to them for 5 years - so may simply have to sacrifice one years ISA allowance. (If transferring out to another ISA is "difficult")
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Post by bracknellboy on May 3, 2018 9:27:39 GMT
Some FISA holders may have a justified since of grievance with this sudden and unilateral change of investment policy but have committed funds to this years FISA with Ratesetters only to find the system that they were promised / expected & wanted to be able to use - their own cash set at their own minimum level of interest - is to be removed from June.
Astonishing development.
In case there was any doubt/misunderstanding. They do not need to be locked in just because it is this years ISA subscription. You can transfer to another ISA provider, it just needs to be the ENTIRE currently funded: It cannot be partial as it can be with prior subscription years. And if you are not yet fully funded, I am pretty sure that once the transfer is done you can then continue to fund. I would check the latter out before actioning. I don't know whether RS has put any restrictions on that 'lock you in' (clearly if you are using a mix of rolling and 1 or 5 year then different problems).
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Post by GSV3MIaC on May 3, 2018 14:39:39 GMT
You can fund £20k this tax year ... if you have already funded £10k to RS (for instance) and you transfer that to ANO1 (plus any income) I (too) believe you can top the total up to the £20k limit later. If not, you can for sure put the rest of the £20k into a cash, or S&S ISA, just as if you had split your ISA investment in the first place.
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cb25
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Post by cb25 on Apr 4, 2019 16:05:16 GMT
"The peer-to-peer lender launched its tax wrapper in February 2018 and says investors have put away £11,000 on average and earned 4.5 per cent a year."
4.5%  Bit low imo inside/outside an IFISA
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rambler
Member of DD Central
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Post by rambler on Apr 6, 2019 11:28:11 GMT
I cannot find out how to transfer money from my RS everyday holding account to my ISA account.
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jcb208
Member of DD Central
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Post by jcb208 on Apr 6, 2019 11:32:58 GMT
Log in to your ISA and On the deposit tab If you have money in the holding account there is the option to move money to ISA from every day account
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Post by erniec on Apr 6, 2019 11:55:48 GMT
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qwakuk
Member of DD Central
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Post by qwakuk on Apr 6, 2019 12:48:27 GMT
I have a different issue, tfrd money in to the isa last year from a cash isa and now cannot look at the balance etc as it wants me to complete a declaration for 2019/20. I may not put any money into RS isa in 19/20. Anyone found the same ?
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Bit low imo inside/outside an IFISA
