Shares Purchase

jcumpsty

I want to put £1000 on a specific UK PLC company whose share price is really good at the moment.

What is the best/cheapest way to do it?

I have NOT used any isa allowance this year.

Harvey's_Dad

Hi,

you could do it through selftrade.

Self trade are currently doing an offer where both the referer and referree (sp?) get £50. The £50 could go towards the self select ISA account charge (of £25 per year) and transaction charges (£12.50 per purchase plus 0.5% stamp duty).

The details are:

The referree (i.e. you) opens an account and then:
makes one trade worth at least £500
by no later than 1st June 2007.

If you're interested, just PM me your name and email and I'll do the necessary.

gt94sss2

There is actually a Selftrade referral thread in the referral forum which you should use..

However, if you are only talking about a £1,000 investment, opening an ISA is a bit pointless unless you expect the share price to increase a minimum of 10x+ before you sell it..

As such, you may as well save the money you would have spent on ISA fees.

Regards
Sunil

wayne42

Hoodless brennan provide free trading for the first month..After that its £7.00 per trade.;)

http://www.hoodlessbrennan.com/products-services/online-trading/

First month commission-free dealing on general trading accounts
*

A flat rate commission of just £7 per trade – the lowest charge for online share dealing in the UK1
*

Free access to research and company data
*

No inactivity/quarterly/per annum account charges
*

Limit trading at no extra cost - Buy, Sell, Stop Loss and Rising Buy Orders
*

Easy to use interface with your portfolio and statements available online 24 x 7
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Clear account summaries plus instant payment to your account with Worldpay
*

Trade over 300 of the top USA and European shares at our amazing flat rate fee of just £7!
*

Great customer service.

jcumpsty

Am I better of buying the shares directly through a company such as Hoodless brennan?

Or starting a shares ISA with someone?

Is it possible to roll shares into an ISA account later on?

wayne42

http://www.hoodlessbrennan.com/products-services/isas-peps/

However there is a £50.00 annual fee.

Harvey's_Dad

jcumpsty wrote: »

Am I better of buying the shares directly through a company such as Hoodless brennan?

Or starting a shares ISA with someone?

Is it possible to roll shares into an ISA account later on?

Hello again jcumpsty,

regarding whether you should buy shares in an ISA, I would say it depends ultimately on your tax position and your intentions regarding those share purchases.

For most people, capital gains tax is not an issue; you have to make a realised gain of over £8,000 or so in a tax year for it to become an issue. I suspect that this is not going to be an issue for this purchase.

Regarding your intentions for this share purchase - are you just looking for a short / medium term capital gain, and then sell it? Or are you interested in a long term holding of this share? Are you a higher rate tax payer - are you expecting to receive significant dividends from this share?

If you are in it for the short / medium term and your tax affairs are not complicated, I'd say you don't need a Stocks & Shares ISA - I suspect that this is the case with you.

Regarding Hoodless Brennan vs. Selftrade - for me that's more clear cut. Taking into account the £50 referral deal (to both parties), Selftrade is the winner provided you're not planning to do 10 or more trades; if you are, other factors may become more important.

Additionally, if you decide on an S&S ISA account, HB charges £50 pa versus SelfTrade at £25 pa.

Regarding your question 'Is it possible to roll shares into an ISA account later on?'. Well, you could sell them and buy them back in an ISA account; obviously that incurs transaction fees (including stamp duty).