p2pmark
Member of DD Central
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Post by p2pmark on Apr 17, 2018 10:05:58 GMT
Currently the registration requires you to agree to the declaration:
"I apply to subscribe for an Innovative Finance ISA for the tax year 6th April 2018 to 5th April 2019."
I wish to make a transfer instead. Can I still register or should I wait? If I can register now, could you please remove or alter that sentence. Thanks
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IFISA
Apr 17, 2018 10:10:07 GMT
via mobile
Post by funkymonkey on Apr 17, 2018 10:10:07 GMT
Currently the registration requires you to agree to the declaration: "I apply to subscribe for an Innovative Finance ISA for the tax year 6th April 2018 to 5th April 2019." I wish to make a transfer instead. Can I still register or should I wait? If I can register now, could you please remove or alter that sentence. Thanks Why can't you subscribe, then transfer in your existing funds? That's what the options offer
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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IFISA
Apr 17, 2018 10:19:29 GMT
Post by p2pmark on Apr 17, 2018 10:19:29 GMT
Currently the registration requires you to agree to the declaration: "I apply to subscribe for an Innovative Finance ISA for the tax year 6th April 2018 to 5th April 2019." I wish to make a transfer instead. Can I still register or should I wait? If I can register now, could you please remove or alter that sentence. Thanks Why can't you subscribe, then transfer in your existing funds? That's what the options offer Because you can only subscribe to one IFISA per year and I don't want to use up that opportunity
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johni
Member of DD Central
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Post by johni on Apr 17, 2018 10:25:36 GMT
Provided you do not put new cash in only previous years, then you can open and subscribe where you want. This is how several platforms work. It is depositing cash that matters.
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toast
Member of DD Central
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Post by toast on Apr 17, 2018 10:26:58 GMT
Why can't you subscribe, then transfer in your existing funds? That's what the options offer Because you can only subscribe to one IFISA per year and I don't want to use up that opportunity You are allowed to " apply to subscribe" to multiple ISAs. The restriction is that you cannot actually subscribe (pay new money) into multiple ISAs (or to be more precise, all the current years subscription for each type of ISA must reside in a single account at any one time).
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Post by polonius on Apr 17, 2018 11:19:06 GMT
Some progress on the IFISA front. Those who pre-registered are now invited to apply. Is the invitation to apply being limited only to those who have agreed the new T&Cs?
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johni
Member of DD Central
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Post by johni on Apr 17, 2018 11:21:23 GMT
The new terms were for the platform so yes. If you have not accepted them I presume it will not let you apply.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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IFISA
Apr 17, 2018 12:58:47 GMT
via mobile
Post by ilmoro on Apr 17, 2018 12:58:47 GMT
The declaration is worded as per HMRC guidance.
Applications are being sent to those who pre-registered last year in batches.
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Post by funkymonkey on Apr 17, 2018 14:12:57 GMT
Because you can only subscribe to one IFISA per year and I don't want to use up that opportunity You are allowed to " apply to subscribe" to multiple ISAs. The restriction is that you cannot actually subscribe (pay new money) into multiple ISAs (or to be more precise, all the current years subscription for each type of ISA must reside in a single account at any one time). Exactly how I understand it too. Looks like people are trying to find faults with everything recently!
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IFISAcava
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IFISA
Apr 24, 2018 10:30:45 GMT
Post by IFISAcava on Apr 24, 2018 10:30:45 GMT
Can I ask where do you see this? I pre-registered yonks ago, but don't have any communication of this. Thanks. We have begun to work systematically through the pre-registered list, but if you have any questions please email me. Have now opened an account & will be transferring some money across, but oddly the transfer form only specifies cash ISAs or Stocks and Shares ISAs - no option for transferring an IFISA!
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toast
Member of DD Central
Posts: 158
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IFISA
Apr 24, 2018 11:16:27 GMT
Post by toast on Apr 24, 2018 11:16:27 GMT
IFISAcava can I ask when you pre-registered for the MT IFISA? I preregistered on Jan 18th and got an acknowledgement of pre-registration same day, but am still waiting to be invited to open an IFISA. Just trying to gauge how much longer I might have to wait now that MT have "begun to work systematically through the pre-registered list."
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oldtimer
Member of DD Central
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Post by oldtimer on Apr 24, 2018 11:29:36 GMT
I pre registered on 18th Jan and was able to open mine on 17th April. In case you missed the email it is worth checking your account. You will find that once you have logged on, you can go to “account” and under there you will find an option to “Register ISA account”. Once registered, your “switch” to get into your IFISA account is to the top right-hand of the screen under your name.
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IFISAcava
Member of DD Central
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IFISA
Apr 24, 2018 11:32:20 GMT
via mobile
toast likes this
Post by IFISAcava on Apr 24, 2018 11:32:20 GMT
IFISAcava can I ask when you pre-registered for the MT IFISA? I preregistered on Jan 18th and got an acknowledgement of pre-registration same day, but am still waiting to be invited to open an IFISA. Just trying to gauge how much longer I might have to wait now that MT have "begun to work systematically through the pre-registered list." Can't recall exactly but well before Christmas, and only just got the invitation
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toast
Member of DD Central
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IFISA
Apr 24, 2018 11:34:32 GMT
Post by toast on Apr 24, 2018 11:34:32 GMT
I pre registered on 18th Jan and was able to open mine on 17th April. In case you missed the email it is worth checking your account. You will find that once you have logged on, you can go to “account” and under there you will find an option to “Register ISA account”. Once registered, your “switch” to get into your IFISA account is to the top right-hand of the screen under your name. Thanks for the info on where to look for the "register" button in my account. It's not shown up there yet, but it's good to rule out a missed email.
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Post by Deleted on Apr 24, 2018 11:36:17 GMT
toast I also pre-registered on the 18th Jan and to the best of my knowledge have had nothing from MoneyThing recently so have just been waiting for my turn in the queue now following the advice of oldtimer I see under account I can register ISA account but I had no idea of the existence of this option, hmmmmm, did I miss something or did they miss me out ?
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