Share Dealing Discussion Area

george4064

Lungboy wrote: »

Thanks for the explanation but I'm still confused. The institutional version has a 0.03 OCF, whereas the class c and class s versions have 0.18 and 0.16 OCF respectively. Aj Bell have the c class for sale and I can't find the institutional anywhere for sale.

E: Charles Stanley, HL, iii, Best Invest etc all have the c class available.

Here's the morningstar page showing all the versions http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000TXY7&tab=4

Institutional share classes are typically only available to institutional investors such as pension funds, however as you are a private/retail investor you wont have access to the institutional share class.

On a side note, you may have access to institutional share classes if you have a workplace pension via an investment platform.

Source: I work in institutional investment management.

Lungboy

george4064 wrote: »

Institutional share classes are typically only available to institutional investors such as pension funds, however as you are a private/retail investor you wont have access to the institutional share class.

On a side note, you may have access to institutional share classes if you have a workplace pension via an investment platform.

Source: I work in institutional investment management.

Sadly no access to institutional share classes through work. Would have been nice.

I'm building a spreadsheet to calculate various things, and was wondering how fees work. For example, Cavendish take the OCF out of the daily price of the fund, and then their platform fees are charged a month in arrears. How do i model that on my spreadsheet? Is it easier to simply subtract the full % of fees from the end of year total of contribution + returns, which I guess would be a slight overestimate?

shaynes

Hi all, another newbie question(!)

I took my shares from my work sharesave scheme and now i want to sell some of them.

I want a company that doesnt ripe me off for not using the account or an exit fee, I only want to use the account twice, sell some shares now and the rest next year.
I have settled on either SVS-XO or Fidelity, though I have heard that SVS do cold call.
My question is - do i have to sent them my share certificate?
How long does it take to get my money?

Thanks

Lungboy

Are the differences between OEICs and UTs something a newbie investor should be worrying about? I'm trying to pick a bond holding to pair with Vanguard Global All Cap and I'm edging towards AXA Framlington Managed income but it's a UT where everything else I'm considering is an OEIC. Should I care?

sabretoothtigger

The performance will largely rely on what its investing in. UT and OEIC are details to note, no reason to be especially apprehensive about UT that I've heard.

If you are investing large amounts take some advice professionally is a good idea
I would say look into it for your personal situation like taxes, etc.
Like an ETF and ETN sometimes the seemingly differences can matter in extremes.

My question is - do i have to sent them my share certificate?
How long does it take to get my money?

You can send a cert after a sale with an immediate agreed price. Theres a process of clearing to include that. Then you receive the cash after its all settled, its not especially fast bit like cheques

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Lungboy

Trustnet portfolio tool: if I try to add a new fund to a portfolio, and stipulate all 3 fields (number of units, date and cost) it won't update the values daily. If i only stipulate 2 fields, say units and date, then it is happy to update the figures daily. Is there any reason why? I ask because the actual numbers don't match the numbers the Portfolio generates automatically, presumably due to the OCF being paid on purchase. It's annoying knowing the numbers aren't quite right, although i guess they won't be a million miles away.

surfsister

May I ask a quick question as I am getting nowhere.

Just want to buy/sell shares using paper certificates going into an office/bank with no complicated accounts etc

I used to use Lloyds but they want me to open some complex account.

Any ideas where I can wander in with a certificate and sell some shares?

sabretoothtigger

The cheapest option is to transfer the certificate to the broker who will sell it at a standard fee. They transfer it in free

I think its the same amount of paperwork either way. If I see certificated dealing I'll post it here but I think it would cost about £50 to do so maybe

coolsteel

quick question, is there a limit in a financial year that you start to pay basic tax on profit when selling shares?


Thanks in advance

ColdIron

coolsteel wrote: »

quick question, is there a limit in a financial year that you start to pay basic tax on profit when selling shares?

Yes, see below. If you exceed the allowance you will be liable for Capital Gains Tax at 10% (20% if higher rate) and not (basic rate) income tax

Capital Gains Tax allowances
You only have to pay Capital Gains Tax on your overall gains above your tax-free allowance (called the Annual Exempt Amount).

The Capital Gains tax-free allowance is:

• £11,700

https://www.gov.uk/capital-gains-tax/allowances