S&S ISA, Funds and Providers

ColdIron

AimHigh wrote: »

I'm assuming 'outside account' means in any other accounts I have with HL? That's what I understand from your comment but just checking

No, it's specifically your F&S account
Click the 'View the order that we collect fees from your account' link for details

The Fund & Share Account option - For clients who would like to pay their fees outside their ISA/SIPP, where possible

We will try to collect fees in this order:

1. The Loyalty Bonus Account
2. Cash you hold in your Fund & Share Account based on the collection method you have chosen for that account
3. The income account of the selected account (e.g. Stocks & Shares ISA)
4. The capital account of the selected account (e.g. Stocks & Shares ISA)

You can ignore the loyalty bonus option. It only applies to the old Inclusive share classes. Current loyalty bonuses cannot be used for fees as per HMRC rules and must be reinvested, so option 2 is what will be used first

AimHigh

ian-d wrote: »

I think they notify you so you can load some money in if you want but not got there yet. I don't really want them to use my ISA or SIPP money to cover this but I don't have any other accounts with them so well see.

Yeah this is my understanding too. Seeing as you don't have another account with them there's a chance you may need to just load some into your ISA as cash though. Perhaps someone here will suggest an alternative..

ColdIron wrote: »

No, it's specifically your F&S account
Click the 'View the order that we collect fees from your account' link for details

The Fund & Share Account option - For clients who would like to pay their fees outside their ISA/SIPP, where possible

We will try to collect fees in this order:

1. The Loyalty Bonus Account
2. Cash you hold in your Fund & Share Account based on the collection method you have chosen for that account
3. The income account of the selected account (e.g. Stocks & Shares ISA)
4. The capital account of the selected account (e.g. Stocks & Shares ISA)

You can ignore the loyalty bonus option. It only applies to the old Inclusive share classes. Current loyalty bonuses cannot be used for fees as per HMRC rules and must be reinvested, so option 2 is what will be used first

Fantastic - I've updated my options to take this route from now on then. Thanks a lot for the help!