Buying Stock On-line

oldy

I have held a particular stock now for many years and would like to invest a (possibly) one-off addition to my existing holding, what is the best way to do this, I don't anticipate doing any "dabbling" in the future. My idea is to use the dividends to up my income, concerning this income is there a tax free amount I can earn solely on dividends income (in addition to the £1000 allowed on interests).
many thanks

Johnnyboy11

I use a Hargreaves Lansdown Fund & Share Account, to buy and sell shares. The platform is easy to use and Customer Servise good. £12 per deal and no annual account charges for holding shares.


https://www.hl.co.uk/investment-services/fund-and-share-account/charges-and-interest-rates


Good online reports too, which help you keep on top of tax stuff. I'm sure you can transfer in your existing share holding(s).

jimjames

You don't mention values or other investments that you hold. If you don't already have your S&S ISA allowance used and you are buying under £20k of shares then I would suggest using that so the dividends are entirely tax free.

I use iWeb which costs £25 to open an account but trades are then £5 each and no other costs so works out very cheap for buy & hold. HL may work out cheaper for non ISA accounts but I'd suggest an ISA if you are worried about tax.

where_are_we

I hope you have more than one stock in your portfolio! Adding to this one stock could be high risk. You will have no issues with tax if you keep your shares in a Stocks and Shares ISA. I have a SIPP with HL and they are very helpful. I have a Stocks and Shares ISA with x-o (backed by Jarvis Investments Ltd) and they charge £5.95 a deal, no administration fee , no inactivity fee but a £50 closure fee. I have found x-o to be efficient.

oldy

Many thanks for all replies. To sum up, I hold some Astra Zenecca which I acquired when ICI went away. Have been watching the price lately and there seem times when it would be a very good time to buy, I only really intend to have this one transaction to top up my existing holding.
Am still wondering which way to go for just one leap!