self select shares ISA

kph100

Considering opening a self select shares ISA.

Are these worthwhile over a normal share deal account, as I can see it taking a while to pay in enough money at £3600 to get over the £9k gains tax limit ?
(still plan to put £3600 into cash ISA each year)

If so anyone have any dealings with Halifax self select ISA or Selftrade ISA.
(i have a halifax sharebuilder)

Your opinions please.

cheerfulcat

Hi there,

Well, my opinion is that £25 a year ( Selftrade ) is well worth paying to avoid complicated CGT calculations.

Yes, it might take a few years to make more than your GCT allowance but it mightn't take all that long. Certainly after 10 years of investing you could easily fall into the tax net, especially since G Brown abolished first indexation relief and then his replacement for it, taper relief.

I have a Selftrade self-select ISA and am reasonably happy with their service.

JM_2

cheerfulcat wrote: »

Hi there,

Well, my opinion is that £25 a year ( Selftrade ) is well worth paying to avoid complicated CGT calculations.

Yes, it might take a few years to make more than your GCT allowance but it mightn't take all that long. Certainly after 10 years of investing you could easily fall into the tax net, especially since G Brown abolished first indexation relief and then his replacement for it, taper relief.

I have a Selftrade self-select ISA and am reasonably happy with their service.

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Please remember that if you hold cash while awaiting to invest, then these vultures do not pay much interest.


JM2