Advice on stocks & shares ISAs?

schiff

Thanks for that cheerfulcat and isa smurf!

Must admit I'm surprised at the point about the re-investment ad infinitum. If you start with £7000 invested in Year 1, then another £7000 in Year 2 and so on, you can soon get your whole portfolio tax free for as long as the ISA facility exists. Why doesn't everybody do it? Or have I missed something (wouldn't be the first time!).

This raises another point. If I transfer my 'safe' Stocks & Shares ISA to an outfit that would let me trade in permitted shares (my choice again), can I then sell some of my 'safe' investments and buy and sell permitted shares - ad infinitum?

cheerfulcat

schiff wrote:

Must admit I'm surprised at the point about the re-investment ad infinitum. If you start with £7000 invested in Year 1, then another £7000 in Year 2 and so on, you can soon get your whole portfolio tax free for as long as the ISA facility exists. Why doesn't everybody do it? Or have I missed something (wouldn't be the first time!).

Hi, schiff,

Lots of people do just that, and the same with PEPs.

This raises another point. If I transfer my 'safe' Stocks & Shares ISA to an outfit that would let me trade in permitted shares (my choice again), can I then sell some of my 'safe' investments and buy and sell permitted shares - ad infinitum?

Yes; you can transfer your ISA to a provider who offers a brokerage service, or a broker who provides an ISA wrapper ( most do ) and trade away.

HTH

Cheerfulcat

schiff

Thanks cheerfulcat for all your help.
The decisions are now with me, which is, of course, how it should be!!

schiff

Since the recent exchanges, I've looked around and found that Squaregain charges a single annual fee of £25 for maintaining your S&S ISA, each trade is charged at £12.50, dividends are collected free of charge and interest is paid on funds held in your account.
This is almost identical to my current dealing account, apart from the £25, and seems excellent value.
Have I missed anything?

cheerfulcat

Hi, schiff,

I really like Squaregain and think they offer value for money.

stevem01

schiff wrote:

Since the recent exchanges, I've looked around and found that Squaregain charges a single annual fee of £25 for maintaining your S&S ISA, each trade is charged at £12.50, dividends are collected free of charge and interest is paid on funds held in your account.
This is almost identical to my current dealing account, apart from the £25, and seems excellent value.
Have I missed anything?

I don't think you have missed anything but if you want to avoid the annual £25 charge for ISA & PEP accounts that Squaregain make, you could try Selftrade. Apart from dealing charges, which are a maximum of £12.50 and reduce with frequency of trades, Selftrade make no charges at all, provided at least one transaction is made every quarter year on any one of your ISA, PEP or dealing accounts. If you don't make a transaction in any particualr quarter then they make an "inactivity" fee of £9.00 + VAT. You could be "inactive for 6 months and still pay slightly less than the annual charge made by Squaregain.

Both orgainisations are part of the samre Company - Boursorama - so they "should" both be equally reliable, but I don't think that Selftrade offer as many markets as Squaregain.