Stocks & Shares ISAs

dekkard

Thanks for your replies.

One more question: for Cavendish the Fund dealing fee is £10 for ETFs. How do you identify which funds are ETFs?

Herbalus

It usually says etf in the title. Have you looked at a list of their investments? It should be clear from the names.

johnD17

How have been done over the last couple of years? Nervous currently but debating using my allowance (even if it is in a p1ss poor fixed c. 1% for a year in the mean time).




main worry is value eroding due to inflation

bargainbasement

Hello I'm confused! Left until last minute to open an ISA stocks and shares account it's all set up now with money in but do I have to buy the shares before the end of this tax year - tomorrow, or is it a case that as long as the money is in the account I can buy shares with this money during 2018/2019 tax year??

ValiantSon

bargainbasement wrote: »

Hello I'm confused! Left until last minute to open an ISA stocks and shares account it's all set up now with money in but do I have to buy the shares before the end of this tax year - tomorrow, or is it a case that as long as the money is in the account I can buy shares with this money during 2018/2019 tax year??

You can invest the money whenever you want. Getting the money in before 6th April means that you have used your 2017/18 allowance and come 6th April you will have a new £20,000 allowance to use. It doesn't matter when you invest the money, just when you get into the ISA wrapper.

bargainbasement

Just reading on this site though it reads as though I have to invest the money in shares........ Quote below

Use your allowance by 5 April 2018 or lose it

"You must save or invest in your stocks & shares ISA by 5 April, the end of the tax year, for it to count for that year. Crucially, any unused allowance doesn't roll over - so if you don't use it, you lose it forever."

??

System

bargainbasement wrote: »

Just reading on this site though it reads as though I have to invest the money in shares........ Quote below

Use your allowance by 5 April 2018 or lose it

"You must save or invest in your stocks & shares ISA by 5 April, the end of the tax year, for it to count for that year. Crucially, any unused allowance doesn't roll over - so if you don't use it, you lose it forever."

??

No, just putting the cash in your ISA will use your allowance. You can hold cash in an ISA and invest when you want!

bowlhead99

bargainbasement wrote: »

Just reading on this site though it reads as though I have to invest the money in shares........ Quote below

Use your allowance by 5 April 2018 or lose it

"You must save or invest in your stocks & shares ISA by 5 April, the end of the tax year, for it to count for that year. Crucially, any unused allowance doesn't roll over - so if you don't use it, you lose it forever."

??

Once you have subscribed the money into your ISA you can save the money (leave it in cash) and do something later with it, or you can select investments and place orders to invest into those investments.

Some S&S ISAs don't offer the option of just leaving it sitting idle in cash at all, or at least not for anything other than a very short temporary period, and they make you select an initial investment when funding your account. So parking the cash unused isn't always an option. But with many self-select investment platforms or stockbrokers, it is.

The important thing is to subscribe your cash into the ISA manager's ISA product by tax year end, then you will have used it (the 2017/18 ISA allowance), rather than losed it.

MrNick

Many thanks for replying to this shortly after I posted the question. I know it is another year down the line but I did take in the advice at the time, thanks

chutney51

Hi,
I'm after some advice as to which platforms people are using for a shares ISA. I currently use iii which is reasonably priced and has a decent app.

My other half started with IG which again was reasonably priced and had an app. Unfortunately we then found out that they didn't offer dividend re-investment. We were very disappointed to only find this out after setting the account up. On their forum they said DRIP would be offered in 12 months. That was April 2017 and it's still not available.

She is tempted to switch to iii but we also wouldn't mind looking at others.
Any advice for a low-cost platform, with an app, DRIP, US (and other foreign) stock markets?
I found one platform that offered US access but only during UK trading hours. ie it stopped US trading at 4:30. Again this was in the small print (and I cannot remember which platform it was!)

Thanks in advance.