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Post by dualinvestor on Dec 13, 2016 18:23:42 GMT
Notwithstanding if it is illegal or not to introduce a restriction allowing someone to buy from oneself it is prohibited to put already owned assets into a ISA so such a transaction will be ineffective.
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Post by GSV3MIaC on Dec 13, 2016 21:17:24 GMT
/mod hat off
I think you'll find if you sell and re-buy (as opposed to cancelling the sale) you wind up with a new loan part with a different part number, so you have no more 'put in the already owned asset' than you have if you 'Bed and ISA' your shares. The transfer has to be at open market rates, (and maybe has to actually be on an open market?) but you can certainly sell/buy to yourself.
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izigor
Member of DD Central
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Post by izigor on Jan 23, 2017 17:54:10 GMT
Hi,
Does anyone have an idea on whether Saving Stream are on course to offer IFISA this year?
Thanks.
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Liz
Member of DD Central
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Post by Liz on Jan 23, 2017 18:11:14 GMT
Hi, Does anyone have an idea on whether Saving Stream are on course to offer IFISA this year? Thanks. I don't think anyone knows when or IF Savingstream will launch its IFISA. They and many other sites, of course need "Full" FCA authorisation first.
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Post by Deleted on Jan 23, 2017 18:16:59 GMT
Hi, Does anyone have an idea on whether Saving Stream are on course to offer IFISA this year? Thanks. I can't see it somehow .... Frankly I'm hoping virtually anyone launches this tax year, current options from mainstream p2p options are very limited Abundance and ummmmm, and they aren't exactly one of the big players!
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ganymede
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Post by ganymede on Jan 23, 2017 18:55:43 GMT
Being tied to a single Provider is not the type of IF ISA I want. Could have multiple IF ISA's, and shift funds around, but it's not going to be simple, expect a lot of paper work to do so.
I want a single point of call for S&S ISA and IF ISA to allow P2P loans from multiple providers.
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nick
Member of DD Central
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Post by nick on Jan 24, 2017 10:21:06 GMT
Being tied to a single Provider is not the type of IF ISA I want. Could have multiple IF ISA's, and shift funds around, but it's not going to be simple, expect a lot of paper work to do so. I want a single point of call for S&S ISA and IF ISA to allow P2P loans from multiple providers. I imagine in time, ISA administrators/providers will crop up with a IFISA wrapper that can be used to invest across IFISA compliant platforms much in the same way as SIPPs. However, I can see this happening any time soon until the more established p2p platforms become authorised and launch. There will be a cost, but I don't think will be particularly high once the dust settles. In the meantime, I have been preserving my full ISA allowances by opening flexible cash ISAs that can fund with your full allowance and immediately withdraw and invest in P2P providing the cash is put back in over the end of the tax year. A bit a PITA but the only way I can think off of perserving my ISA allowances whilst whilst in the meantime using my funds to invest in higher yielding P2P debt before the established platforms launch their IFISAs......
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mikeh
Member of DD Central
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Post by mikeh on Jan 24, 2017 20:08:47 GMT
News of one IFISA aggregator here |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 24, 2017 21:14:20 GMT
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markdirac
Member of DD Central
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Post by markdirac on Jan 25, 2017 11:54:27 GMT
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markdirac
Member of DD Central
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Post by markdirac on Jan 25, 2017 12:10:37 GMT
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Jeepers
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Post by Jeepers on Oct 5, 2017 22:05:59 GMT
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fp
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Post by fp on Oct 5, 2017 22:20:38 GMT
Just a case of clambering over that little hurdle which goes by the name of FCA approval first
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 6, 2017 2:43:00 GMT
Just a case of clambering over that little hurdle which goes by the name of FCA approval first A mere detail!
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lofty
Posts: 101
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Post by lofty on Oct 6, 2017 5:43:00 GMT
I wonder how much money is leaving the platform because of Lendy's lack of IFISA? I've been patient waiting for Lendy, but have now had to jump and go with another provider because I can't afford to wait and hope.
I'd love to know how some relatively young platforms have managed to get this running much sooner than more established ones. Rather than spending on Cowes week maybe they should have been stuffing some brown envelopes with cash and sending them to the FCA? :-)
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