Selling without losing isa status

ANGLICANPAT

Hi .   Ive got  3  old funds in a Fidelity  isa wrapper.  One   30k one is not doing well. I want to  split the value of it between the two other funds  .  Im thinking you probably cant switch a fund into two  separate funds ,  but if I instruct to sell  Im scared of losing isa status and if I do it on the phone , (if I got through ) it may well be a high charge . 

jimjames

Inside the ISA wrapper you can sell and buy whatever you want and it makes no difference to the status. Just make sure that it's a switch and not withdrawing money out of the ISA

Sea_Shell

Do you have on line access to your Fidelity account?

If so, it's really easy to do.

Open your existing holding, Click switch, choose your new fund(s), tell it how much (£s or units or %) you want to switch.

I guess it would be a similar process over the phone.

This way the money doesn't "leave" your ISA.

Albermarle

Im scared of losing isa status and if I do it on the phone , (if I got through ) it may well be a high charge . 
The only way to lose ISA status is to withdraw the money from the ISA.

Costabit

Sea_Shell said:

Do you have on line access to your Fidelity account?

If so, it's really easy to do.

Open your existing holding, Click switch, choose your new fund(s), tell it how much (£s or units or %) you want to switch.

Can echo @Sea_Shell on this.
Have done it multiple times over the years, and to me seems much easier than the trauma of a phone call

ANGLICANPAT

Ah thanks,  I  was presuming that I couldnt split  a fund to share  to others  alongside it in the same isa ,so was thinking  along the lines of having to sell , and was a bit nervous about it  losing status if I  went about it the wrong way .  Thats good news   thanks for the instructions,  I will do it online  . 

Albermarle

ANGLICANPAT said:

Ah thanks,  I  was presuming that I couldnt split  a fund to share  to others  alongside it in the same isa ,so was thinking  along the lines of having to sell , and was a bit nervous about it  losing status if I  went about it the wrong way .  Thats good news   thanks for the instructions,  I will do it online  . 

Even better with Fidelity is that you do not have to sell one fund and buy another . You can just switch .
It does not make that much difference but saves some time .

ANGLICANPAT

I hadn't planned to still be with  Fidelity  as Im  going to be well over  the amount where I should be looking at  a set platform  fee, ( yet no-where near enough to command  a lower %age) -----but  Ive just moved 2 funds of  OH's  from one platform to another , and it took months ,  and the experience has put me right off for time being . Thought I may as well just  sort out my p'folio   and add both this years and next years  isa money /funds  with a steady platform I so far trust , and worry about moving,  further down the line .

A_T

ANGLICANPAT said:

I hadn't planned to still be with  Fidelity  as Im  going to be well over  the amount where I should be looking at  a set platform  fee, ( yet no-where near enough to command  a lower %age) -----but  Ive just moved 2 funds of  OH's  from one platform to another , and it took months ,  and the experience has put me right off for time being . Thought I may as well just  sort out my p'folio   and add both this years and next years  isa money /funds  with a steady platform I so far trust , and worry about moving,  further down the line .

Rather than funds (OEICs) if you use only shares, investment trusts or ETFs the maximum fee on Fidelity is £45 per annum.

ANGLICANPAT

  £45 per fund per yr for  investment trusts ?   Didnt know that  thanks . Thought it was  .35  on everything  except  ETF's  (which I dont understand well enough to use)     Is it that only if   you  hold exclusively trusts on the Fidelity platform  --in other words if I  added a trust  to the  OEICS  Ive got , would that particular fund  be capped  and the OEICS  subject to the .35 ?  Cant seem to find answers to that on the Fidelity  charges section. 

A_T

ANGLICANPAT said:

  £45 per fund per yr for  investment trusts ?   Didnt know that  thanks . Thought it was  .35  on everything  except  ETF's  (which I dont understand well enough to use)     Is it that only if   you  hold exclusively trusts on the Fidelity platform  --in other words if I  added a trust  to the  OEICS  Ive got , would that particular fund  be capped  and the OEICS  subject to the .35 ?  Cant seem to find answers to that on the Fidelity  charges section. 

yes that's right