archie
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Post by archie on Mar 5, 2019 12:13:07 GMT
Just in case anyone missed the email.
IFISA now available.
Requires registering a new account and a different email address.
Transfers in are available.
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IFISAcava
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Post by IFISAcava on Mar 5, 2019 12:27:44 GMT
Just in case anyone missed the email. IFISA now available. Requires registering a new account and a different email address. Transfers in are available. I'm all over this like a rash
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picnicman
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Post by picnicman on Mar 5, 2019 12:31:25 GMT
Just in case anyone missed the email. IFISA now available. Requires registering a new account and a different email address. Transfers in are available. Good news for some maybe ( ozboy re your recent post ), but will take an awful lot of time to use your allowance and if you do, you cannot invest in another one for your annual allowance (the downside of an IFISA in my opinion), but may be useful for part transfer ins from another provider (happy to be told otherwise!!). Will be interesting to see take up (if we can ever find out) Cheers P
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IFISAcava
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Post by IFISAcava on Mar 5, 2019 12:54:30 GMT
Just in case anyone missed the email. IFISA now available. Requires registering a new account and a different email address. Transfers in are available. Good news for some maybe ( ozboy re your recent post ), but will take an awful lot of time to use your allowance and if you do, you cannot invest in another one for your annual allowance (the downside of an IFISA in my opinion), but may be useful for part transfer ins from another provider (happy to be told otherwise!!). Will be interesting to see take up (if we can ever find out) Cheers P As they are different accounts to the main one, I would suspect you can get double loan helpings if that is your desire. But I haven't conformed that. Agree that drip feeding in will be the most sensible strategy, either via the main allowance or via transfers in from previous years' ISAs elsewhere. Am also trying to get confirmation of what the transfer out fee will be.
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IFISAcava
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Post by IFISAcava on Mar 5, 2019 12:57:56 GMT
Great news is confirmation that there is no charge for ISA transfers out.
Just planning my transfers in now...
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oldtimer
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Post by oldtimer on Mar 5, 2019 13:05:57 GMT
I have confirmed with them that it will be flexible.
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IFISAcava
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Post by IFISAcava on Mar 5, 2019 14:03:56 GMT
I have confirmed with them that it will be flexible. is also buried in the T&Cs
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mullet
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Post by mullet on Mar 5, 2019 15:58:28 GMT
Great news is confirmation that there is no charge for ISA transfers out. Just planning my transfers in now... Are you planning to drip feed? I assume transfer in requires a paper form? I have the choice between accepting a lot of cash drag or eating away most of my 1st year interest with the cost of postage stamps
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picnicman
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Post by picnicman on Mar 5, 2019 16:11:40 GMT
Good news for some maybe ( ozboy re your recent post ), but will take an awful lot of time to use your allowance and if you do, you cannot invest in another one for your annual allowance (the downside of an IFISA in my opinion), but may be useful for part transfer ins from another provider (happy to be told otherwise!!). Will be interesting to see take up (if we can ever find out) Cheers P As they are different accounts to the main one, I would suspect you can get double loan helpings if that is your desire. But I haven't conformed that. Agree that drip feeding in will be the most sensible strategy, either via the main allowance or via transfers in from previous years' ISAs elsewhere. Am also trying to get confirmation of what the transfer out fee will be. IFISAcava - I checked - yes you can have two accounts and they will be unique. I assume most investors will operate the ISA account as they do now for their ordinary account and use the ordinary account to double up on protected loans (subject to autolend setting and cash availability). What do you think? Also will be interesting to see the impact (if you can tell) on the future loan share on protected loans - can only go down surely? Cheers P
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oldtimer
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Post by oldtimer on Mar 5, 2019 16:24:12 GMT
Great news is confirmation that there is no charge for ISA transfers out. Just planning my transfers in now... Are you planning to drip feed? I assume transfer in requires a paper form? I have the choice between accepting a lot of cash drag or eating away most of my 1st year interest with the cost of postage stamps As the ISA is flexible you could transfer in what you ultimately want to invest from a previous year, then withdraw most and drip feed the rest back in as needed.
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Post by df on Mar 5, 2019 16:35:46 GMT
Good news for some maybe ( ozboy re your recent post ), but will take an awful lot of time to use your allowance and if you do, you cannot invest in another one for your annual allowance (the downside of an IFISA in my opinion), but may be useful for part transfer ins from another provider (happy to be told otherwise!!). Will be interesting to see take up (if we can ever find out) Cheers P As they are different accounts to the main one, I would suspect you can get double loan helpings if that is your desire. But I haven't conformed that. Agree that drip feeding in will be the most sensible strategy, either via the main allowance or via transfers in from previous years' ISAs elsewhere. Am also trying to get confirmation of what the transfer out fee will be. This crossed my mind as soon as received e-mail. I'd happily double the helpings. I have very limited knowledge of IFISA, so apologies if the question sounds daft. I have IFISA with FS for two tax years now, I don't really need it to be there... Can I just open another one with UB in April or do I have to sell all FS IFISA loans first (which will mean I'm stuck with FS IFISA forever)?
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oldtimer
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Post by oldtimer on Mar 5, 2019 17:27:39 GMT
You could open a new ISA with UB in April. Alternatively if you can sell some of your FS loans you can part transfer the cash balance to UB with no charge after April if you have contributed cash to the FS ISA this year. If your FS ISA was from previous years ie no cash input this year then you can part transfer now.
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picnicman
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Post by picnicman on Mar 5, 2019 17:48:14 GMT
As they are different accounts to the main one, I would suspect you can get double loan helpings if that is your desire. But I haven't conformed that. Agree that drip feeding in will be the most sensible strategy, either via the main allowance or via transfers in from previous years' ISAs elsewhere. Am also trying to get confirmation of what the transfer out fee will be. This crossed my mind as soon as received e-mail. I'd happily double the helpings. I have very limited knowledge of IFISA, so apologies if the question sounds daft. I have IFISA with FS for two tax years now, I don't really need it to be there... Can I just open another one with UB in April or do I have to sell all FS IFISA loans first (which will mean I'm stuck with FS IFISA forever)? df - suggest you read the guidance on the revenue and customs website. My understanding (NOT ADVICE) is that you can open as many IFISA's as you wish, but you can only invest in one of them in any tax year using your allowance for that year, (inherent weakness in my opinion) and then you can transfer any funds from other ISA's into any of the others you set up if you can/wish. I already have an IFISA this year which I have paid into, so whilst I can set one up with UB, I can only fund it if I transfer in from another ISA, which given the time lag it takes, will be too late for this year. What I will do is set one up with UB and use my next years allowance from 6 April to start funding it. I will also set one up with MT, but will fund that from an ISA transfer. It depends which platform suits you best. AGAIN, THIS IS HOW i UNDERSTAND IT BUT IT IS NOT ADVICE AND YOU SHOULD CHECK FOR YOURSELF. Hope this is of some help? Cheers P
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mullet
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Post by mullet on Mar 5, 2019 18:59:44 GMT
Great news is confirmation that there is no charge for ISA transfers out. Please could you post a link to where it states this. I can't find a mention of it anywhere
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IFISAcava
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Post by IFISAcava on Mar 5, 2019 19:40:53 GMT
Great news is confirmation that there is no charge for ISA transfers out. Please could you post a link to where it states this. I can't find a mention of it anywhere It was a personal message from UB. T&Cs state there is a fee as publicised on the website. Nothing on the website hence my query to UB direct.
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