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Hargreaves ISA account earned dividend
Comments
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snowshine saidI don't want the dividend earned from this investment to be treated as this year's ISA allowance (This dividend earned from an ISA investment)
Dividends earned within your ISA are not relevant for that limit, as they are not new subscriptions by you. The dividend income showing in the 'income' part of your HL ISA account has simply been received in a cash holding area within your ISA. It is already in the ISA so you will not use up your subscription allowance if you keep it in the ISA and use it to buy new investments.1 -
cheerfulcat said:Hi, snowshine, on your ISA page, click the “Cash” tab. Under that you’ll see another set of tabs - go to “ income and loyalty bonus “. On the right hand side of that section you’ll see a sub-section showing the income account balance. Here you have the option of transferring the income balance to the capital account. When you’ve done the transfer ( should be instant, from memory), click the capital account tab. On the right hand side of that section you’ll see the option of withdrawing money.
Having said all that, you don’t have to withdraw the cash if you don’t need it; dividends generated inside the ISA are not counted toward your annual contribution.
Here I could see the dividend amountUnder the tabs "All" & "Income"
Third tab "Loyalty Bonus" is empty.
I don't have any other tabs on the right to transfer the dividend received to make it available to buy shares.
I will email Hargreaves and let know how I got it going0 -
You need to go on the website, you can’t do this in the app. But again, do you actually need this money? If not, you can keep it in the ISA without affecting your annual contribution.1
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cheerfulcat said:You need to go on the website, you can’t do this in the app. But again, do you actually need this money? If not, you can keep it in the ISA without affecting your annual contribution.
I want it to accumulate and decide on a later date as to what to do ...
Thanks for making it clear, I will get on a desktop computer and manage it.
Thank you0
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