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Post by qbadger on May 12, 2023 20:35:58 GMT
What does this button actually do? Is it meant to stop the investment from being rolling over at the end of the term? i.redd.it/31ikmco5pgza1.png |
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firedog
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Post by firedog on May 12, 2023 20:46:51 GMT
Yes - I used that command a few weeks ago to repay a couple of auto-invest ISAs that ended a few days apart. (I combined them into one ISA for this year.)
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Post by qbadger on May 12, 2023 21:07:05 GMT
Thanks!
My AI is not due to end for another few months. So if I clicked on this button now, I am effectively requesting Kuflink to repay the principal and any outstanding interest at the end of the term?
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Post by birdie on May 13, 2023 8:03:16 GMT
Thanks! My AI is not due to end for another few months. So if I clicked on this button now, I am effectively requesting Kuflink to repay the principal and any outstanding interest at the end of the term? If you click on the button now and change your mind you can un click it at a later date, up to the maturity date, I changed my mind and eventually re-invested.
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SteveK
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Post by SteveK on May 13, 2023 10:20:43 GMT
I seem to recall if you don't choose an option, it does nothing, i.e. you have to ask it to 'Repay'.
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firedog
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Post by firedog on May 13, 2023 17:11:04 GMT
I seem to recall if you don't choose an option, it does nothing, i.e. you have to ask it to 'Repay'. I think I got an email saying it would automatically reterm unless I chose for it to repay. And yes, it doesn't repay automatically, just transfers the cash to your wallet (ISA or general) on the maturity date.
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SteveK
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Post by SteveK on May 14, 2023 17:02:05 GMT
I seem to recall if you don't choose an option, it does nothing, i.e. you have to ask it to 'Repay'. I think I got an email saying it would automatically reterm unless I chose for it to repay. And yes, it doesn't repay automatically, just transfers the cash to your wallet (ISA or general) on the maturity date. Yes, you've reminded me I got that email:
"Your Kuflink IF-ISA investment ends tomorrow!
Should we not hear from you before tomorrow night, your IF-ISA capital and interest will auto-renew onto a 12-month term - to ensure your funds keep earning you interest!"
So it doesn't do nothing, as I thought, it will re-term!
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rscal
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Post by rscal on Feb 26, 2024 11:55:44 GMT
I have clicked "repay" this morning, for a loan due on the 10th March, 'cos I am getting the over-frequent "re-term now!" emails and hope this action might kill the messages (it won't)
But a few weeks ago I didn't receive funds on the due date (over a Saturday I think) and not until I clicked the 'repay' button (i.e. showing even AFTER the maturity date) did they appear in my wallet.
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Post by birdie on Mar 6, 2024 9:48:07 GMT
When the money has been repaid into your ISA wallet is it easy enough to transfer out of Kuflink into another ISA. There doesn't seem to be a one year re-term available, just 2, 3, and 5 year.
Anyone know where I would find the ( Unique Transfer Ref ) needed to transfer out to another provider.
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qwakuk
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Post by qwakuk on Mar 6, 2024 11:03:08 GMT
When the money has been repaid into your ISA wallet is it easy enough to transfer out of Kuflink into another ISA. There doesn't seem to be a one year re-term available, just 2, 3, and 5 year. Anyone know where I would find the ( Unique Transfer Ref ) needed to transfer out to another provider. Did it at the end of January when the previous 5 year Auto ISA matured, bonus was cash returned in full and the £35 ISA transfer fee has been dropped. Regarding ref, it is the number on your statement.
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rscal
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Post by rscal on Mar 7, 2024 8:56:03 GMT
When the money has been repaid into your ISA wallet is it easy enough to transfer out of Kuflink into another ISA. There doesn't seem to be a one year re-term available, just 2, 3, and 5 year. Anyone know where I would find the ( Unique Transfer Ref ) needed to transfer out to another provider. Did it at the end of January when the previous 5 year Auto ISA matured, bonus was cash returned in full and the £35 ISA transfer fee has been dropped. Regarding ref, it is the number on your statement. There IS a one year re-term according to Lisa's emails (for the 'take no action' button they have yet to install) I assume if true you go on 7%.
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Post by birdie on Mar 14, 2024 9:11:11 GMT
As my Auto IFISA with Kuflink is maturing very soon has anyone any idea as to which companies accept IFISA's to transfer in, I am with Shawbrook and they won't accept an IFISA only cash or stocks and shares. I have an ISA with Aldermore also so I'll give them a try.
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Post by uksoul on Mar 14, 2024 9:45:05 GMT
As my Auto IFISA with Kuflink is maturing very soon has anyone any idea as to which companies accept IFISA's to transfer in, I am with Shawbrook and they won't accept an IFISA only cash or stocks and shares. I have an ISA with Aldermore also so I'll give them a try. Proplend.
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Post by mikec on Mar 14, 2024 9:52:09 GMT
If your Kuflink IFISA is maturing, can you just chose to opt out of the auto reinvestment, and then do an ISA transfer on the (non reinvested) cash component. Previously, I have had no problems transferring legacy cash ISAs into & between P2P IFISA investments (Kuflink, CrowdProperty, Loanpad), so I don't see it why it should not operate same in reverse; i.e, complete an ISA cash transfer with your new provider and they collect the ISA cash from Kuflink while it remains within the tax free wrapper.
NB. Kuflink will charge you for any ISA transfer
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Post by birdie on Mar 14, 2024 10:02:42 GMT
If your Kuflink IFISA is maturing, can you just chose to opt out of the auto reinvestment, and then do an ISA transfer on the (non reinvested) cash component. Previously, I have had no problems transferring legacy cash ISAs into & between P2P IFISA investments (Kuflink, CrowdProperty, Loanpad), so I don't see it why it should not operate same in reverse; i.e, complete an ISA cash transfer with your new provider and they collect the ISA cash from Kuflink while it remains within the tax free wrapper. NB. Kuflink will charge you for any ISA transfer I have filled in a cash ISA transfer from my Kuflink to Aldermore account to be opened at maturity, as I thought when my Kuflink Auto invest IFISA matures ( I have clicked the re-pay button) it should be sat in my account as cash still in my ISA wrapper. Hopefully it won't get rejected.
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