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Stocks & Shares ISA's
Comments
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Sorry, dh, but that's not correct. Vlad can transfer the cash and leave it in the HL ISA for as long as he (?) likes while he chooses funds, and it doesn't even all have to be invested in one go.dunstonh wrote:Not really. It means you have to pick your replacement funds when you apply. The cash value is sent to HL and they immediately purchase the required percentages into the funds you selected at point of application.0 -
Ok, thats an HL thing then. Its normal to pick the funds in advance with other major fund supermarkets.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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dunstonh wrote:Why 4 funds? Why not 6 or 8? 4 funds isnt much of a diversification and there is no requirement for the monthly contributions to be the same as the transferred funds.
I was thinking 4 as I had £200 pm to invest. I thought that most funds had a minimum of £50 pm
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4 is fine for the regular but the transfer from CIS doesnt have to go into those four. You can spread it further with that bit.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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HL is a broker and its ISA account is like any other broker's account.dunstonh wrote:Ok, thats an HL thing then. Its normal to pick the funds in advance with other major fund supermarkets.0 -
It's the same arrangement as a SIPP - money goes into the cash account and then you choose how much is to be invested in each fund or share.
I believe HL also has an automatic arrangement for regular contributionss into designated funds as well, is that right CC?
Kind of like a conventional pension? (Otherwise the regular conts would attract dealing charges, I imagine).Trying to keep it simple...
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Sorry last question I promise :j
Can I definately still fund the new ISA this tax year even though i have been paying £100pm into the CIS ISA?0 -
You have to wait until the transfer has been completed fully before the regular starts. Once transferred though, yes you can.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks for all your help guys :T0
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