Stocks & Shares ISAs

masonic

planteria wrote: »

we're straying off-topic, but with-profits plans that interest me pay bonuses on money not yet invested:dance: and are discussed here [TESPs]:

Some of them also pay you bonuses for all of the new customers you refer, allegedly, which would explain why you brought them up here

As for the products themselves, I couldn't put it better than dunstonh in #4 of the first thread you linked:

dunstonh wrote: »

Rubbish, obsolete, expensive and can be classed as mis-sold if done under advice.

So, yes, I'd give Friendly Societies a very wide berth and stick to conventional providers and S&S ISAs.

planteria

i didn't bring them up, innovate did:D just thought best to move that discussion to the other threads, rather than risk these being bogged down with lies or anything else

more than happy to discuss ISAs, the best platforms for ISAs, the best investments to hold within ISAs:)

masonic

planteria wrote: »

i didn't bring them up, innovate did:D just thought best to move that discussion to the other threads, rather than risk these being bogged down with lies or anything else

You're right, I overlooked that post and I apologise. It seems the door was opened for you...

innovate

I was talking about ISAs, so please do not use me as an excuse for advertising your non-ISA rantings, planteria.

planteria

you were 'anti-Friendly Society' ranting, and i responded:kisses3:

planteria

masonic wrote: »

You're right, I overlooked that post and I apologise. It seems the door was opened for you...

no prob. it's a door he likes to open;)

planteria

.....sticking to ISAs.
i am planning to Bed & ISA for the first time, as soon as II have my ISA transferred across from HL. have 3 holdings outside of my ISA that i want to transfer in, and then will probably waiting until later in the year to max the £15k allocation.

masonic

planteria wrote: »

i am planning to Bed & ISA for the first time, as soon as II have my ISA transferred across from HL. have 3 holdings outside of my ISA that i want to transfer in, and then will probably waiting until later in the year to max the £15k allocation.

Any reason to wait for the ISA to transfer before moving the other holdings in? Assuming you didn't subscribe to the HL ISA this tax year, there's nothing to stop you moving them in the meantime. Or are you waiting for free trading credit?

Brand

masonic wrote: »

One factor, which might be of interest to a few, is if a provider decides it is not willing to accept partial transfer out requests, which could make it difficult for those wishing to pile money into S&S with a view to later converting some of it back to cash and chasing the best cash ISA rates with it.

planteria wrote: »

that is an interesting point. i suspect that the increased flexibility allowed will prompt ISA providers to allow such moves though.. ISAs in general are becoming more significant wrappers for Cash, Funds and Shares, and enough providers are going to want to hold saver's/investor's funds.

Yes the rules allow flexibility for ISAs to be split, but in practice the providers don't. not so much because they are clinging to your money, but because it is more admin. (In the old days some providers kept yearly allocations separate within the same account, so you could transfer out particular years, but as many customers wanted to pool as those who wanted to keep it unmerged, and for the provider the pooling was simpler. That was why I think it is best to keep separate pots if you can, if it is not too expensive to do so, particularly into July.
For cash ISAs at present of course it is easy to have separate accounts with the same provider and the cost involved in keeping separate pots is the loss of interest from not having everything in the best interest rate. Though it is a slightly different debate, such costs will of course always be there, but, as I've said, will become more pertinent from July when all your ISAs can become 100% cash ISA if you want to, so the cost in holding money with a stocks and shares ISA provider will rise.

planteria

masonic wrote: »

Any reason to wait for the ISA to transfer before moving the other holdings in? Assuming you didn't subscribe to the HL ISA this tax year, there's nothing to stop you moving them in the meantime. Or are you waiting for free trading credit?

well, yes, i will get some free trading credit.
but also i am moving 12 holdings across, and each of them should generate £10 from II. the plan is efficient..i think:)