1st ISA attempt, what have I signed up to.

jimjames

Dandytf said:

Inc (GBP)

(Net ongoing charge 0.60%) Unless I have to choose a different fund from my 1st choice.

My   Accumulation unit type -with it being re-invested by HL does that make my manual hold or re invest choice invalid. 

Yes it does. There is no income from an ACC fund.
It still seems crazy to me putting any money into investments if you have zero savings and high interest credit card debt but it sounds like you're happy to do that despite the feedback.

masonic

Dandytf said:

My   Accumulation unit type -with it being re-invested by HL does that make my manual hold or re invest choice invalid. 

It makes your choice irrelevant, since your account will not receive any income from the fund. Whatever option you choose the outcome will be the same (nothing will happen).

Dandytf

jimjames said:

Dandytf said:

Inc (GBP)

(Net ongoing charge 0.60%) Unless I have to choose a different fund from my 1st choice.

My   Accumulation unit type -with it being re-invested by HL does that make my manual hold or re invest choice invalid. 

Yes it does. There is no income from an ACC fund.
It still seems crazy to me putting any money into investments if you have zero savings and high interest credit card debt but it sounds like you're happy to do that despite the feedback.

Thanks appreciated, I am comfortable in thinking ahead which some of my more recent personal finance choices  when possible.
Considerable change from Credit use to Savings and since Sun' Investments.

Dandytf

Lessons continue.... honestly thanks Mser's advice tonight

	March	April and onwards
Investment
*HL Select UK Growth Shares Income* My ACC note  wasn't my choice as I since found my deposit from Monthly Savings Tab Which tonight includes my 25 pounds deposit excuse editing

Dandytf

Last action this evening, I have since change from Hold Income in Account to Re Invest once ten pounds is reached.
Hopefully that makes sense unless I should have chosen to re invest when 25 pounds is reached.

Edited 1st April is mentioned possibly Fund go Live Date.

jimjames

Dandytf said:

Last action this evening, I have since change from Hold Income in Account to Re Invest once ten pounds is reached.
Hopefully that makes sense unless I should have chosen to re invest when 25 pounds is reached.

Edited 1st April is mentioned possibly Fund go Live Date.

As per my reply above and from Masonic, it's an irrelevant selection as you have no income. You can set whatever option you want but it will have absolutely no effect at all with ACC units so it's pointless to keep changing it.

Dandytf

jimjames said:

Dandytf said:

Last action this evening, I have since change from Hold Income in Account to Re Invest once ten pounds is reached.
Hopefully that makes sense unless I should have chosen to re invest when 25 pounds is reached.

Edited 1st April is mentioned possibly Fund go Live Date.

As per my reply above and from Masonic, it's an irrelevant selection as you have no income. You can set whatever option you want but it will have absolutely no effect at all with ACC units so it's pointless to keep changing it.

Hi as per my most recent previous posts, it seems I do have INC Income Type Units which since account fund details have appeared online yesterday evening I'm delighted about.
Care to answer my re investment choice of 10 or 25 pounds please.

Thanks🤔

Dandytf

Refer to attached, thanks mser's

colsten

Dandytf said:

Hi as per my most recent previous posts, it seems I do have INC Income Type Units which since account fund details have appeared online yesterday evening I'm delighted about.
Care to answer my re investment choice of 10 or 25 pounds please.

It still doesn't matter a lot as it will take many years before your £25 will have grown by £10.

Will there be a charge for the re-investment, and how much are your ongoing charges? How are you planning on settling those charges?

Dandytf

colsten said:

Dandytf said:

Hi as per my most recent previous posts, it seems I do have INC Income Type Units which since account fund details have appeared online yesterday evening I'm delighted about.
Care to answer my re investment choice of 10 or 25 pounds please.

It still doesn't matter a lot as it will take many years before your £25 will have grown by £10.

Will there be a charge for the re-investment, and how much are your ongoing charges? How are you planning on settling those charges?

Thanks -I'm not online until evening tonight.
There are Charges possibly .6% or up-to 1% though that's guess work which after my Fund Units type misunderstanding I should avoid until I have the charges in front of me.
Payment of Deposits + Charges are currently setup to be debited from Bank Account.