oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:34:32 GMT
Yes attractive; except that my "snapshot " figure is significantly higher than my investment total 
I've queried it but they can't explain it at the moment. Perhaps ask them to give you the difference in cash ? Mmmm! My so called "snapshot" figure for the purposes of this promotion is £471.36 higher than my "total investment". Any ideas? chris (And I have not withdrawn anything since 11:59 last night).
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Post by chris on Mar 12, 2018 13:36:27 GMT
Your ISA account and personal account are being counted as one total to prevent one possible route for gaming the system, so your snapshot figure reports the total of both. I'll see if that can be made more clear, but does that explain the discrepancy?
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:43:05 GMT
Your ISA account and personal account are being counted as one total to prevent one possible route for gaming the system, so your snapshot figure reports the total of both. I'll see if that can be made more clear, but does that explain the discrepancy? No because I haven't got an IFISA account yet. edit: ... and I haven't got any money in cash account; it's all invested.
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ding
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Post by ding on Mar 12, 2018 13:43:22 GMT
So if I add 10K now, over the 101 days from 11/03 to 20/06 I should get another £27.67.
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:45:28 GMT
So if I add 10K now, over the 101 days from 11/03 to 20/06 I should get another £27.67. I do love "perspective". At my rate of pay I've already lost that much already for the time spent examining the offer. 
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Post by chris on Mar 12, 2018 13:50:28 GMT
Your ISA account and personal account are being counted as one total to prevent one possible route for gaming the system, so your snapshot figure reports the total of both. I'll see if that can be made more clear, but does that explain the discrepancy? No because I haven't got an IFISA account yet. edit: ... and I haven't got any money in cash account; it's all invested. Okay we're investigating
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angrysaveruk
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Say No To T.D.S
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Post by angrysaveruk on Mar 12, 2018 14:08:49 GMT
So if I add 10K now, over the 101 days from 11/03 to 20/06 I should get another £27.67. I do love "perspective". At my rate of pay I've already lost that much already for the time spent examining the offer. These offers are not about being "rational", they are designed to appeal to penny pinchers which probably covers most people who invest in P2P.
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sl75
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Post by sl75 on Mar 12, 2018 14:14:11 GMT
Perhaps ask them to give you the difference in cash ? Mmmm! My so called "snapshot" figure for the purposes of this promotion is £471.36 higher than my "total investment". Any ideas? chris (And I have not withdrawn anything since 11:59 last night). Me too (£128.58 higher in my case). I've also not withdrawn anything since 11:59 last night - most recent withdrawal was "10th Mar 2018 at 11:24", and was for an amount a bit higher than that difference. Did you make a withdrawal during the weekend but before the deadline too?
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Post by Jack Barlow on Mar 12, 2018 14:14:30 GMT
chris , I have the same issue as oldgrumpy - my snapshot is about £430 higher than my dashboard-displayed total across all accounts yesterday/today. No recent payments in or withdrawals.
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jlend
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Post by jlend on Mar 12, 2018 14:29:38 GMT
i guess for those of us on max in the ISA ,its supposed to encourage us to transfer cash in now outside the ISA, and switch it on 6 April. Interesting tactic. I think IFISAs are good generally for platforms. The money is going to be a lot more "sticky" than non ISA cash which can get moved between platforms and other investments quickly and easily. I doubt many people will try moving an IFISA more than once a year.
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Post by chris on Mar 12, 2018 14:33:43 GMT
Problem has been tracked down - old loan with a balance that shouldn't have been non-zero - so everything will be recalculated for the affected lenders. The system we use can back calculate to any arbitrary point in time so once the problem's properly corrected we'll recalculate your snapshot figures.
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sl75
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Post by sl75 on Mar 12, 2018 14:34:46 GMT
The T&Cs seem to contradict themselves.
Points 1 and 2 of the top section explicitly exclude the cash account from the promotion, but point 5 of the "Eligibility" section states that funds swept from other accounts into the QAA are eligible.
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morris
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Post by morris on Mar 12, 2018 14:41:20 GMT
So if I add 10K now, over the 101 days from 11/03 to 20/06 I should get another £27.67. And if outside an ISA less tax at 20% or 40%
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puddleduck
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Post by puddleduck on Mar 12, 2018 14:48:10 GMT
The T&Cs seem to contradict themselves. Points 1 and 2 of the top section explicitly exclude the cash account from the promotion, but point 5 of the "Eligibility" section states that funds swept from other accounts into the QAA are eligible. The cash account is the account where funds are held if not in any of the named accounts. I don't think the QAA is the same as the cash account so I don't see a contradiction of anything to imply QAA isn't eligible.
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Post by chris on Mar 12, 2018 14:48:26 GMT
The T&Cs seem to contradict themselves. Points 1 and 2 of the top section explicitly exclude the cash account from the promotion, but point 5 of the "Eligibility" section states that funds swept from other accounts into the QAA are eligible. Funds swept into the QAA are considered invested, including the cash component of that account. What the terms are trying to exclude is people depositing cash on the platform and leaving them uninvested and therefore earning a return for zero risk and zero benefit. If your funds in your cash account are swept then they do not fall within that description, they are lent and taking a risk and therefore earning a return.
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