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Activating and using a Shares ISA 2016/17 Allowance
ClarkeKent
Posts: 336 Forumite
I have a SIPP with BestInvest which has a dormant personal investment account with Shares ISA options.
To activate my 2016/17 Shares ISA allowance do I just open an account with zero funds or does it have to be opened with the full amount you are putting into it? Or can I open it with a £1 and drip feed funds into it to buy shares with.
I assume it will be the same as all other Share ISA accounts so would be interested to hear how others use Share ISAs
To activate my 2016/17 Shares ISA allowance do I just open an account with zero funds or does it have to be opened with the full amount you are putting into it? Or can I open it with a £1 and drip feed funds into it to buy shares with.
I assume it will be the same as all other Share ISA accounts so would be interested to hear how others use Share ISAs
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Comments
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It's never going to require the full amount putting in ! Why would you open it with £1 and then drip feed? Why not open it with your first drip feed ? (I'm hoping you aren't going to drip feed £1 a time)0
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What I mean is. If I plan on putting in £4k into a Shares ISA, do I need to put the £4k in right away or can I just activate the account with say £1 and then drip the rest of the £3999 in as I earn it i perhaps 4 installments.0
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Just open an account and pay in when ever you feel like. fj0
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I don't know the particular platform, but there's a good chance the account is already open, just waiting for you to pay in your first installment, and then buy something.Eco Miser
Saving money for well over half a century0
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