Orbis £100 match offer - Now Ended

stphnstevey

Is there anyway of doing this AND still open up a new S&S ISA?

MallyGirl

Not unless you open the other one, transfer it to Orbis by the deadline and then get the bonus - but it would probably be too slow and why would you?

thenewcomer

i had an isa with orbis and received the 100 quids bonus last tax year. could i open a new isa account with them and get another 100 quids bonus?

Alexland

thenewcomer wrote: »

i had an isa with orbis and received the 100 quids bonus last tax year. could i open a new isa account with them and get another 100 quids bonus?

If it was an ISA then the terms are clear you would not get a second bonus. If it was from a GIA then my reading of the terms are that you would have been able to get another bonus on an ISA this time.

Alex.

firestone

feature on Trustnet today about the Orbis Balanced fund

stphnstevey

MallyGirl wrote: »

Not unless you open the other one, transfer it to Orbis by the deadline and then get the bonus - but it would probably be too slow and why would you?

Apparently the bonus is counted as a new subscription in that tax year , even if the initial opening balance is a transfer

Cash-Strapped.T32

Quick question for anyone who is contributing to Orbis regularly, rather than just dropping the minimum £100 & taking the matched hundred...

So when I made my initial £100 contribution I did so via debit card (I like the direct manual control, rather than relying on standing orders).
However it took a good 3x working days for this payment to clear into the account.

I notice there is also an option to make a BACs transfer from your nominated bank acct into the S&S ISA, so I'm wondering, is this instant, or does it also take several days for a direct bank transfer to authorise so that it can be invested?

Waiting a few days for it to clear isn't the end of the world, but obviously instant is more convenient.
Has anyone used this method to make contributions to Orbis?
Thanks

veryintrigued

Cash-Strapped.T32 wrote: »

Quick question for anyone who is contributing to Orbis regularly, rather than just dropping the minimum £100 & taking the matched hundred...

So when I made my initial £100 contribution I did so via debit card (I like the direct manual control), rather than relying on standing orders).
However it took a good 3x working days for this payment to clear into the account.

I notice there is also an option to make a BACs transfer from your nominated bank acct into the S&S ISA, so I'm wondering, is this instant, or does it also take several days for a direct bank transfer to authorise so that it can be invested?

Waiting a few days for it to clear isn't the end of the world, but obviously instant is more convenient.
Has anyone used this method to make contributions to Orbis?
Thanks

I make auto monthly contributions from current account which show as an auto visa purchase on the bank account.

They take 2-3 working days to be invested into a non ISA across two funds.

Alexland

Orbis' equity fund has had a bit of a rough time in the past month down 6.21% compared to the MSCI World index down 5.19%. The drop is more noticeable in the 'fee-free' Junior ISA units as the fee refund mechanism helps keep the normal units more stable. Still over the past 12 months the normal units are around 3% higher (and 4% up overall) compared to the benchmark.

Pretty much decided to keep Orbis for the fee-free Junior ISA now with future child monthly savings going into Monks IT via the Baillie Gifford CSP. Once the 12 months are up I will withdraw the GIAs and transfer the ISAs to Jarvis XO to invest the money in Bankers and maybe Witan ITs assuming they are trading at a reasonable price relative to NAV.

Alex.

MallyGirl

I am only keeping my GIA and DD's JISA long enough to keep the bonus. Every little helps but I am trying to simplify my financial life rather than make it more complicated.