Not so nISA if you move abroad!

Nobby29

Innovate,
While your comment of 'feels they are too important' is apparently not deemed libellous at least according to the forum lawyers, I have yet to check with mine, it unquestionably sails very, very, very close. What it clearly is, is disappointingly ill-informed. There are very valid reasons why I am not disclosing my location, feeling too important is not one of them. Read carefully through my other posts, you might find a clue. Clearly, as with many on this forum you seem to be judgemental rather than constructively helpful. It's a shame the forum attracts such views, but there it is, clearly many have more time than they know what to do with. Your other comments of so insignificant is also insulting, but I shall rise above it (feeling so important and all), as for ethical or legal reasons only they can comment and if you read each comment fully rather than employ shotgunned responses you would see the money laundering issue has already been dealt with.

Who are these plenty of people by the way? Where are they? They have had plenty of opps to post on this forum. Of course I do realise that some of 'these people' exist on planet earth outside of it. Are 'these people' like 'they always say x or y'.

I feel that your comment is incredibly rude, ill-informed and judgemental. But as the forum advisers tell me, it's just an opinion. Have a happy life!

Reaper

Nobby29 wrote: »

Innovate,
While your comment of 'feels they are too important' is apparently not deemed libellous at least according to the forum lawyers, I have yet to check with mine, it unquestionably sails very, very, very close.

:rotfl:No is doesn't, and if you want to consult your lawyer over such a minor slight the Internet is not the place for you! Particularly as you are not publishing your real identity so there is nobody to libel.

Back on the original topic have you considered ignoring the notice? By the sounds of it they will leave your ISA invested and you will continue to benefit from any growth and you can contact them at any point in the future to arrange closure. Only dividends would be a problem as you would be unable to withdraw the money or re-invest it, but depending on your investment choices that may or may not be much of a problem in the short/medium term.

Nobby29

Thanks for the opinion Reaper. Mine clearly differs. The internet is not a place for you. Again judgemental. I think you'll find the real identity thing won't quite wash, but maybe check with your lawyer! Us people that don't like to be offended, god we are terrible folk. Maybe we should be shipped out of the country as Luddites, oops too late not in the country!

Much love, Ned Ludd

As for simply ignoring them, an interesting thought. Think they would sell the shares and ship the funds to my account, but it's an approach.

Reaper

Nobby29 wrote: »

As for simply ignoring them, an interesting thought. Think they would sell the shares and ship the funds to my account, but it's an approach.

According to your original post they said:
"this will prevent you from trading, making cash movements and withdrawing/transferring stock"
The fact they mention stock as well as cash indicates to me it will remain untouched and unsold in your in your ISA, but do confirm it with them.

gt94sss2

Nobby29 wrote: »

There are very valid reasons why I am not disclosing my location, feeling too important is not one of them. Read carefully through my other posts, you might find a clue.

I've read your posts and frankly (imv) you haven't given a good reason for not disclosing your location.

Your broker has determined that you live in a '[FONT=&quot]high risk jurisdiction' and doesn't want to do business with you.

If you stated where you lived, perhaps someone here would be able to help you by pointing out a broker who accepts clients from that location.

Regards
Sunil
[/FONT]

gt94sss2

brasso wrote: »

Regardless of where the OP is residing, why would an existing ISA with existing holdings matter to the manager/platform?

Well - one example would be... many UK brokers are now refusing to do business with people who live in the USA.

Why? Because the US authorities are insisting that any financial institution which deals with people in the USA register themselves with them and follow (some US rules).

For a business with no other connection to the USA and doesn't want to have to follow these rules - its much easier just to refuse to serve people living in the USA as customers.

Regards
Sunil

opinions4u

Nobby29 wrote: »

While your comment of 'feels they are too important' is apparently not deemed libellous at least according to the forum lawyers, I have yet to check with mine, it unquestionably sails very, very, very close.

For crying out loud behave!

ColdIron

Offense can never be given, only taken

Mikeyorks

Nobby29 wrote: »

Tried to complain to HMRC, but no response. If you move abroad be prepared to have your ISAs stopped guys.

It would be a waste of time - the HMRC position on 'abroad' cases is crystal clear. You can continue to hold ISA(s), you just can't contribute further. It is the ISA managers where the problem lies. And there again the HMRC position is very clear - they issue guidance to ISA Managers - they do not force compliance where options exist.

The only ISA manager I've come across where there appears to be some largesse in this area is Hargreaves Lansdown. I don't know how much this leaves the door open - but it certainly appears to at least be ajar?

http://www.hl.co.uk/investment-services/vantage-service/moving-overseas

I would ring them initially?

atush

Nobby, you must be joking. Going after lawyers on that mild comment, you must love paying fees.


Anyway, I tried to help even though you are secretive and unhelpful to those actually trying to help. I'm out.