|
Post by crabbyoldgit on Dec 1, 2017 22:08:54 GMT
As a non tax payer when the new tax free accounts occur my understanding is people wishing to open new isa accounts will have to sell present loan parts and hope to repurchase them back again, no transfer internally seamlessly will be allowed by hmrc. So i have for me , minnow sized investor a relatively large new sum to invest. Will i be better to leave it in the 30 day and then pick up older better return tip bits in the churn as isa occurs instead of picking up 7 or 8% ones now. Thinks the secondly market may be interesting in the new year
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Dec 2, 2017 10:26:47 GMT
As AC do a fair split of loan parts, you won’t have the ‘sell and rebuy at 3am’ potentially seen on other platforms. I suspect there will be a slightly increased churn on the sm though.
the fact that the mlia will be going live in isa next year whilst GBBA, Geia, PSIA, QAA and 30day this year also reduces reselling opportunities.
My plan is to basically let my none isa loans run down whilst buying only in isa. This will mean increasing my overall amount in ac and means I have unwrapped cash invested for a few years, but ac is the platform I have the most confidence in to survive for a while.
|
|