|
|
IFISA
May 2, 2018 22:28:55 GMT
cb25 likes this
Post by bobthebuilder on May 2, 2018 22:28:55 GMT
|
|
|
|
IFISA
May 3, 2018 6:05:28 GMT
Post by GSV3MIaC on May 3, 2018 6:05:28 GMT
Nor ISAs, either! I expect we'll see a wealth tax at some point, not a wealth tax break.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
IFISA
May 3, 2018 6:24:53 GMT
Post by littleoldlady on May 3, 2018 6:24:53 GMT
Nor ISAs, either! I expect we'll see a wealth tax at some point, not a wealth tax break. A racing certainty if JC prevails.
|
|
m2btj
Member of DD Central
Posts: 631 
Likes: 772
|
IFISA
May 3, 2018 8:15:25 GMT
Post by m2btj on May 3, 2018 8:15:25 GMT
It makes for a great headline grabbing piece but the reality is much different. I have a fairly well diversified IFISA mix of P2P investments & expect a tax free return of around 5% factoring in bad debts. My investments are fairly conservative & I'll be waiting 40 years for my million!
|
|
|
|
Post by GSV3MIaC on May 3, 2018 14:27:10 GMT
By which time £1m will just about buy you a small carport in Cardiff? Actually IIRC several folks have already cracked the £1m ISA barrier, although they have been lucky, and may have had a head start from PEPs ..
|
|
cb25
Posts: 3,528
Likes: 2,668
|
IFISA
May 3, 2018 14:32:49 GMT
Post by cb25 on May 3, 2018 14:32:49 GMT
Actually IIRC several folks have already cracked the £1m ISA barrier, although they have been lucky, and may have had a head start from PEPs .. "There were just three ISA millionaires in 2012 on the Hargreaves Lansdown’s site in 2012. Today, there are 168 investors with £1m or more in their ISAs, the group revealed." www.yourmoney.com/investing/isa-millionaire-secrets-revealed/ (article 28/2/2018) and that's just HL
|
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
IFISA
May 3, 2018 20:39:48 GMT
Post by happy on May 3, 2018 20:39:48 GMT
By which time £1m will just about buy you a small carport in Cardiff? Actually IIRC several folks have already cracked the £1m ISA barrier, although they have been lucky, and may have had a head start from PEPs .. Or even TESSAs, remember them, think you could transfer TESSA funds to PEPs and ISAs.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
IFISA
May 3, 2018 22:49:04 GMT
Post by IFISAcava on May 3, 2018 22:49:04 GMT
By which time £1m will just about buy you a small carport in Cardiff? Actually IIRC several folks have already cracked the £1m ISA barrier, although they have been lucky, and may have had a head start from PEPs .. Or even TESSAs, remember them, think you could transfer TESSA funds to PEPs and ISAs. or indeed the TESSA-only ISA
|
|
niceguy37
Member of DD Central
Posts: 504
Likes: 254
|
IFISA
Nov 7, 2018 12:07:42 GMT
Post by niceguy37 on Nov 7, 2018 12:07:42 GMT
Or even TESSAs, remember them, think you could transfer TESSA funds to PEPs and ISAs. or indeed the TESSA-only ISA Does anyone know if you can have a Junior IFISA? Or are Junior Isa's only Cash or Stocks and Shares?
|
|
dandy
Posts: 427
Likes: 341
|
Post by dandy on Nov 7, 2018 12:24:42 GMT
or indeed the TESSA-only ISA Does anyone know if you can have a Junior IFISA? Or are Junior Isa's only Cash or Stocks and Shares? HMRC does not allow Junior IFISAs yet - maybe in future
|
|
niceguy37
Member of DD Central
Posts: 504
Likes: 254
|
IFISA
Nov 7, 2018 15:21:09 GMT
Post by niceguy37 on Nov 7, 2018 15:21:09 GMT
Does anyone know if you can have a Junior IFISA? Or are Junior Isa's only Cash or Stocks and Shares? HMRC does not allow Junior IFISAs yet - maybe in future Thanks. I guessed as much. I was going to put something away for my son's uni fees, but I guess it'll have to be Stock 'n Shares (after Brexit, though).
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 7, 2018 15:39:20 GMT
HMRC does not allow Junior IFISAs yet - maybe in future Thanks. I guessed as much. I was going to put something away for my son's uni fees, but I guess it'll have to be Stock 'n Shares (after Brexit, though). Unless your son is unusually wealthy for his age, or has a very lucrative paper round, there’d be no tax advantage to sheltering loans in an IFISA anyway. Very few under-18s earn enough to pay income tax. However, as soon as they turn 18, there’s much to be gained by feeding £4000 a year into a Lifetime ISA, getting the 25% Govt bonus each year, to start them towards a house deposit. Under the current structure for university funding, there is no point whatsoever paying university fees upfront. Much wiser to have them take out the maximum available Student Loan (which they only start repaying once theyre earning over £25k, IIRC) and keep investing into their LISA (and then ISA if you’re giving them more than £4k per year) Prior to them turning 18, I’d suggest either a S&S JISA or, if you really want to use P2P loans, create them a notional account with “Bank of Dad”, lend their money in your own name and credit them with whatever interest you feel fair. Incidentally, Interactive Investor charge no extra fees for running one or more JISAs alongside an existing account. I imagine other fund supermarkets may be the same.
|
|
|
|
IFISA
May 29, 2019 11:59:51 GMT
via mobile
Post by Duane Dibley on May 29, 2019 11:59:51 GMT
Does anyone know whether the AC ISA is a flexible ISA or not, so I can withdraw funds from the ISA and then redeposit to take advantage of the next bonus offer?
I can't see anything in the t&c's, mainly because I can't see any t&c's, only the rather enigmatic question, 'How do flexible ISAs work?', all interesting stuff like but doesn't actually say whether the ISA is flexible or not.
Anyone with any experience of flexibilitating?
|
|
KoR_Wraith
Member of DD Central
Posts: 293
Likes: 297
|
Post by KoR_Wraith on May 29, 2019 12:23:06 GMT
Does anyone know whether the AC ISA is a flexible ISA or not, so I can withdraw funds from the ISA and then redeposit to take advantage of the next bonus offer? I can't see anything in the t&c's, mainly because I can't see any t&c's, only the rather enigmatic question, 'How do flexible ISAs work?', all interesting stuff like but doesn't actually say whether the ISA is flexible or not. Anyone with any experience of flexibilitating? Definitely flexible.
|
|
trium
Member of DD Central
Posts: 384
Likes: 304
|
IFISA
May 31, 2019 14:10:13 GMT
Post by trium on May 31, 2019 14:10:13 GMT
I withdrew £500 from my Assetz IFSA and my current year remaining subscription limit is displayed as £20,500, meaning I can replace the £500 before starting on this year's 20k allowance.
|
|
