p2pmark
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Post by p2pmark on Nov 24, 2017 21:03:57 GMT
Thanks. So, this is a bit of a loophole regarding the one IFISA subscription per year rule?
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ilmoro
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'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 Nov 24, 2017 21:35:28 GMT
Thanks. So, this is a bit of a loophole regarding the one IFISA subscription per year rule? No, you can transfer a current year S&S ISA in full to IFISA but you cant subscribe to a different IFISA with current year money as well. You could subscribe to an IFISA & transfer a S&S to the same one.
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p2pmark
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Post by p2pmark on Nov 24, 2017 21:41:45 GMT
Ah, I see. Thanks a lot for your help.
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elliotn
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Post by elliotn on Nov 27, 2017 13:53:59 GMT
RS by end March.
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IFISAcava
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Post by IFISAcava on Nov 27, 2017 14:41:37 GMT
Thanks. So, this is a bit of a loophole regarding the one IFISA subscription per year rule? No, you can transfer a current year S&S ISA in full or part to IFISA but you cant subscribe to a different IFISA with current year money as well. You could subscribe to an IFISA & transfer a S&S to the same one. I think you have to transfer current year in full, previous years in full or part
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ilmoro
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Post by ilmoro on Nov 27, 2017 16:32:51 GMT
No, you can transfer a current year S&S ISA in full or part to IFISA but you cant subscribe to a different IFISA with current year money as well. You could subscribe to an IFISA & transfer a S&S to the same one. I think you have to transfer current year in full, previous years in full or part Not if you are transferring to a different type of ISA as you wont breach the one ISA of each typed rule.
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IFISAcava
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Post by IFISAcava on Nov 27, 2017 20:12:57 GMT
I think you have to transfer current year in full, previous years in full or part Not if you are transferring to a different type of ISA as you wont breach the one ISA of each typed rule. Are you sure? HMRC guidance says: "You can transfer your Individual Savings Account (ISA) from one provider to another at any time. You can transfer your savings to a different type of ISA or to the same type of ISA. If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. For money you invested in previous years, you can choose to transfer all or part of your savings." Have you been successful in transferring part of a current year ISA?
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ilmoro
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Post by ilmoro on Nov 27, 2017 23:32:20 GMT
Not if you are transferring to a different type of ISA as you wont breach the one ISA of each typed rule. Are you sure? HMRC guidance says: "You can transfer your Individual Savings Account (ISA) from one provider to another at any time. You can transfer your savings to a different type of ISA or to the same type of ISA. If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. For money you invested in previous years, you can choose to transfer all or part of your savings." Have you been successful in transferring part of a current year ISA? No, your'e right. I was thinking of flexible ISA where you can withdraw funds and pay them into an different type of ISA as current year subscriptions if withdrawn. They dont have to been returned to the original ISA but can be invested in a different type ISA as a current year subscription. (excludes earnings/interest which have to transferred as normal)
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tarq
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Post by tarq on Dec 4, 2017 17:59:18 GMT
If I've already opened an IFISA with the full allowance, which I'm happy to leave in place.
Can I open another one with a different provider and transfer my previous years cash, from a S&S ISA, or do I need to start it with some new money? (Which I can't do as I've used up this years allowance)
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IFISAcava
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Post by IFISAcava on Dec 4, 2017 18:13:41 GMT
If I've already opened an IFISA with the full allowance, which I'm happy to leave in place. Can I open another one with a different provider and transfer my previous years cash, from a S&S ISA, or do I need to start it with some new money? (Which I can't do as I've used up this years allowance) Yes - you can transfer previous years' cash no problem. If there's not enough cash in the S&S ISA you'll need to sell the shares first though (or authorise them to be sold for the transfer)
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toast
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Post by toast on Dec 19, 2017 11:55:31 GMT
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IFISAcava
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Post by IFISAcava on Dec 19, 2017 14:25:42 GMT
Has anyone seen details of any charge for transferring out of the Assetz Capital ISA? Couldn't see it.
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Post by chris on Dec 19, 2017 14:55:37 GMT
Has anyone seen details of any charge for transferring out of the Assetz Capital ISA? Couldn't see it. I don't believe there's a transfer charge although AIUI the intention was to leave that open within the T&Cs as we better understand real world usage. Best check with the customer service team though for a definitive answer.
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IFISAcava
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Post by IFISAcava on Dec 29, 2017 13:01:47 GMT
HNW Lending now has an autoinvest option withing the ISA.
"Auto_Invest will invest in a minimum of 15 loans on the HNW Lending platform and have a maximum exposure of 10% of its value in any one loan. When one loan repays, Auto_Invest will purchase another loan so that it remains fully invested."
Pays 7%
May be an option for those who don't have enough to diversify otherwise (as £5000 per loan is the minimum).
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ilmoro
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Post by ilmoro on Dec 30, 2017 12:46:11 GMT
HNW Lending now has an autoinvest option withing the ISA. "Auto_Invest will invest in a minimum of 15 loans on the HNW Lending platform and have a maximum exposure of 10% of its value in any one loan. When one loan repays, Auto_Invest will purchase another loan so that it remains fully invested." Pays 7% May be an option for those who don't have enough to diversify otherwise (as £5000 per loan is the minimum). Do you have a link to the details of this. Cant find it on the site (do you need to be logged in)
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