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Suggestions Needed for Investing 20K S&S ISA, Is it right time to start investing?

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    edited 9 November 2020 at 9:02PM
    mazibee said:

    I plan to buy few funds and suppose I place the order now for Royal London Sustainable Fund Acc ( Current price is 306.80p and the valuation point is 12:00 )
    When my order will be fulfilled ie tomorrow morning when the market opens or the next day and what rate I will get.


    Your order needs to be factored into the next valuation. Which will be at midday tomorrow. Until then you are at the mercy of the markets. Sometimes best to ride out volatility and allow markets to settle. Long way to go before life returns to normal. 
  • mazibee
    mazibee Posts: 440 Forumite
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    My wife opened  S&S ISA account with HL last night funded it with the amount and have placed an order for BG Positive Change Fund but still it is  showing as pending order.
    Any idea when the sale will happen and when it will show up in the account?


  • mazibee said:
    My wife opened  S&S ISA account with HL last night funded it with the amount and have placed an order for BG Positive Change Fund but still it is  showing as pending order.
    Any idea when the sale will happen and when it will show up in the account?


    Order will be completed by end of trading - usually by 6-8pm. You’ll receive an email once it’s complete. 
  • mazibee
    mazibee Posts: 440 Forumite
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    edited 10 November 2020 at 4:18PM
    mazibee said:
    My wife opened  S&S ISA account with HL last night funded it with the amount and have placed an order for BG Positive Change Fund but still it is  showing as pending order.
    Any idea when the sale will happen and when it will show up in the account?


    Order will be completed by end of trading - usually by 6-8pm. You’ll receive an email once it’s complete. 

    @BuildTheWall Thanks for your reply and clarification.

  • mazibee
    mazibee Posts: 440 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    I bought few shares of IAG today  and to my surprise there is no Stamp Duty on them as was on  SMT.
    Any reason why I was not charged stamp duty or its an error by the iWeb Platform?
  • webjaved
    webjaved Posts: 618 Forumite
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    edited 10 November 2020 at 5:28PM
    mazibee said:
    I bought few shares of IAG today  and to my surprise there is no Stamp Duty on them as was on  SMT.
    Any reason why I was not charged stamp duty or its an error by the iWeb Platform?

    Some shares don't you charge you stamp duty. That's if it's not UK based. (I hope i got that correct)  :D:smiley:
    So you should be okay. Happy investing.
    Save £12k in 2019 #154 - £14,826.60/£12k
    Save £12k in 2020 #128 - £4,155.62/£10k
  • ColdIron
    ColdIron Posts: 9,843 Forumite
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    mazibee said:
    I bought few shares of IAG today  and to my surprise there is no Stamp Duty on them as was on  SMT.
    Any reason why I was not charged stamp duty or its an error by the iWeb Platform?
    It's an overseas company (Spanish). Same for investment trusts domiciled in Guernsey, Jersey etc and ETFs in Ireland, Luxembourg etc
  • mazibee
    mazibee Posts: 440 Forumite
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    ColdIron said:
    mazibee said:
    I bought few shares of IAG today  and to my surprise there is no Stamp Duty on them as was on  SMT.
    Any reason why I was not charged stamp duty or its an error by the iWeb Platform?
    It's an overseas company (Spanish). Same for investment trusts domiciled in Guernsey, Jersey etc and ETFs in Ireland, Luxembourg etc

    Thanks for reply.
  • mazibee
    mazibee Posts: 440 Forumite
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    As I am new to iWeb and HL Platforms, so please can somone exiting clarify few things
    S&S ISA limit of £20K is inclusive of the trade charges, account opening charges?

    I have topped up £20K, so the account opening charges £25, trade charges £5 and for the funds on going charges can we add separately ,
    If I have invested all my ISA limit i.e  £20K then the platform will sell some of my holdings  to cover their charges and ongoing charges for funds.
    Is is best to leave some cash in the account or use the entire limit.
  • eskbanker
    eskbanker Posts: 37,189 Forumite
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    £20K is the annual limit of what can be paid into the ISA, regardless of what it's going to be used for thereafter, so no, you can't pay more than that in to the ISA to cover charges.

    Generally speaking, it is best to leave some cash available to cover fees, but you can choose for HL to collect fees from a non-ISA general investment account, thereby avoiding using up some of your annual ISA allowance: https://www.hl.co.uk/help#charges-and-fees/collecting-charges/collecting-charges/how-will-the-charge-be-collected

    I don't believe that IWeb offer this flexibility though, or if they do, they should publicise it more clearly!
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