To re-register s&s isa or not to re-register...

nifta

i'm rather ignorant about this stuff, so forgive me if this is nonsense..

earlier this year i took out a s&s isa with CIS (the sustainable leaders fund) - just to dip my toes in, really. hasn't been a terribly great ride so far, but that's not exactly uncommon at the moment and i'm in this for the long run, so i'm not too bothered by the recent market problems.

anyway, i've been contemplating taking out another fund (perhaps multiple?) and i was perusing MSE when i came across the article on discount brokers.

i noticed on the cavendish site (which was as far as i got) that you can re-register funds held somewhere else (other than other discount brokers) with them (re-registering not being the same as transfering!).

here is their page on the matter:

http://www.cavendishonline.co.uk/COL/FNW/Reregistration.htm

is it worth doing this? is it even possible? would this mean i can then purchase further funds from different institutions and keep them under the same ISA "wrapper"? (i'm currently well below the s&s ISA limit)

cheers,

Mike

RayWolfe

nifta wrote: »

would this mean i can then purchase further funds from different institutions and keep them under the same ISA "wrapper"? Mike

That's exactly what you can do with any of the fund supermarkets. There are others, check them all before you commit.

nifta

ok, cool, so that's one advantage of re-registering.

does anyone know about the actual process? anything to watch out for?

i have monthly contributions currently going to CIS for my SL fund - is re-registration still possible in those circumstances?

cheers,

Mike