IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Single Company ISA
Closed Thread
Views: 6,425
Thread Tools Search this Thread Display Modes
# 1
Pizza Man
Old 16-12-2007, 5:16 PM
MoneySaving Newbie
 
Join Date: Apr 2006
Posts: 6
Default Single Company ISA

Sorry if I missed an existing thread, but I was looking for some "best buy" info when planning to set up a single company Isa. I plan to buy shares in a single company quoted on the NYSE (I have already selected the large multinational to gamble on) and simply want the most efficient ISA (lowest charges etc). I plan to buy 4000 pounds this year and possibly next, each time in one-off transactions so I would make very few transactions in a year.
I have struggled to compare and contrast financial institutions regarding this sort of single company Isa, especially when investing in a non-UK-quoted company.

Can anyone suggest which providers might suit?

Thanks!
Pizza Man is offline
Report Post
# 2
Aegis
Old 16-12-2007, 8:57 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jun 2007
Location: London
Posts: 4,580
Default

Selftrade certainly have the facility to do this, but are you sure you want to tie up your entire tax-free investment in a single company? The risks associated with such a strategy are pretty high even if this is a large seemingly stable institution...
I am an Independent Financial Adviser
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
Aegis is online now
Report Post
The Following User Says Thank You to Aegis For This Useful Post: Show me >>
# 3
Mr Mumble
Old 16-12-2007, 11:39 PM
Serious MoneySaving Fan
 
Join Date: Oct 2005
Posts: 1,728
Default

http://www.tdwaterhouse.co.uk/ offer a fee free ISA wrapper (if value of assets is >3,600) and online trading for NYSE and 15 other major international exchanges.
Mr Mumble is offline
Report Post
The Following User Says Thank You to Mr Mumble For This Useful Post: Show me >>
# 4
Pizza Man
Old 17-12-2007, 7:22 PM
MoneySaving Newbie
 
Join Date: Apr 2006
Posts: 6
Default Thanks for the suggestions

Both Selftrade and TD Waterhouse look viable. TD Waterhouse has an "inactive account" fee which could mount up if I only make one transaction in a year.

Aegis - thanks for the reminder about having all eggs in one basket, you are right of course. The specifics of this case make it simpler as I already own shares in the company but want to progressively shelter them using the ISA wrapper. By moving the shares into an ISA I can trade into other shares without thinking about CGT, at the moment I have made more gain than one year's allowance so have to make this phased transition to minimise tax.

Thanks to the MoneySavingExpert community for the kind help.
Pizza Man is offline
Report Post
# 5
gt94sss2
Old 18-12-2007, 12:21 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jun 2003
Posts: 3,579
Default

If you are thinking of joining Selftrade, they have a referral scheme where you can get upto 80 for joining them - my own details are on post 282 if you are interested.

Otherwise, I would have suggested you look at HSBC InvestDirect who have no annual fees but they only do Maxi ISA's not mini share ones.

Regards
Sunil
gt94sss2 is offline
Report Post
# 6
spartan117
Old 01-06-2008, 11:25 PM
MoneySaving Newbie
 
Join Date: Jun 2008
Posts: 3
Default

Just following on from what has been said, I'm planning on trading on the NYSE and have set-up an account with OptionsXpress, my question is is it possible to use an ISA to trade on the NYSE and use it as a tax free wrapper, I understand it's possible to this on the LSE.

If it is, what would be the best brokerage house to use, selftrade springs to mind, I'm assuming it has features like stop losses and margins as standard.
spartan117 is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 9:28 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 19 November 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.