Genuine alternative to HL?

le_loup

colalba wrote: »

Personally it would really suit me if you are right but have doubts. Does anybody have a definitive answer please.

The answer is in H-Ls fee change booklet. Did you get a copy?

jimjames

colalba wrote: »

Is this true if as is likely in the current scenario where you are selling a dirty version of the fund and buying back a clean version ? I have a feeling that this counts as a different fund for CGT purposes.


Personally it would really suit me if you are right but have doubts. Does anybody have a definitive answer please.

If it is within an ISA or SIPP then no CGT will be applicable. Otherwise the reply/link above should cover it.

Blackdog

colalba wrote: »

this article has tables showing costs for holdings of different sizes for a number of different platforms.


http://langcatfinancial.co.uk/2014/01/big-bristol-beasts-bring-beat-back-hl-unveils-pricing/

Really useful tables, thanks for posting the link.

koru

colalba wrote: »

Is this true if as is likely in the current scenario where you are selling a dirty version of the fund and buying back a clean version ? I have a feeling that this counts as a different fund for CGT purposes.


Personally it would really suit me if you are right but have doubts. Does anybody have a definitive answer please.

It would appear that buying a different class means you have not bought the same thing as you sold for CGT purposes, though I have never seen a definitive statement of this.

koru

jimjames wrote: »

It is only taxable outside an ISA

Yes, I agree.

bigadaj

koru wrote: »

If you sell a fund then buy back the same fund within 30 days, the gain on the sale is the sale proceeds minus what you paid to buy back the same fund (even though you bought after selling). So, you only have a gain if the price falls between selling and repurchasing.

On that part of the transaction but the original sale would potentially trigger a gain from the original purchase a couple of years ago surely?

noh

bigadaj wrote: »

On that part of the transaction but the original sale would potentially trigger a gain from the original purchase a couple of years ago surely?

No.
Because of the 30 day rule the sale is matched with the purchase that takes place within 30 days.
See http://www.hmrc.gov.uk/helpsheets/hs284.pdf
http://www.hmrc.gov.uk/cgt/shares/find-cost.htm

planteria

discussed on Money Box now:

http://www.bbc.co.uk/radio4/on-air

kidmugsy

planteria wrote: »

thank you, but you say "also" but give a different message for ISA as opposed to SIPP. do you think that my SIPP is likely to be best left with HL and that my ISA is likely be best moved from HL:question:

YES, THAT'S WHAT I WAS SAYING

outside those wrappers i have holdings in 3 companies. plan, at the right time, to sell them and just invest within SIPP and ISA.

My reading of various websites and commentators implies to me that
(i) For SIPPs less than about £40k, HL are a good provider, as long as you choose investments compatible with their new charges. We shall consequently leave our SIPPs with them.

(ii) It's pretty clear that they are not a good place to hold ISAs (except possibly if you want to make monthly purchases of funds). We have no ISAs with them at the moment, and we shan't transfer any of our existing ISAs to them.

I'm not looking for the cheapest provider to the nearest penny: I rate HL's service highly. But there are limits on what I'll pay for it.

colalba

colalba wrote: »

this article has tables showing costs for holdings of different sizes for a number of different platforms.


http://langcatfinancial.co.uk/2014/01/big-bristol-beasts-bring-beat-back-hl-unveils-pricing/

An article and updated tables reflecting Fidelity's announcements.
http://langcatfinancial.co.uk/2014/01/next-please-fidelity-joins-new-world/