Drawdown Notional split?

Pat38493

LHW99 said:

Linton said:

MallyGirl said:

Donewithwork1 said:

LHW99 said:

do I have to sell funds to a cash pot?

II SIPP doesn't have a "cash pot" as such. It all stays within the SIPP as a single account,and is listed as available cash on the overview or at the top of the investments page. You get a small amount of interest on the cash amount, depending on how much is there, soat the momentI am using an STMM which is higher "interest" to collect the cash over a year, and will sell what is needed a few weeks before arranging a UFPLS.

Thank you, that's helpful.  Couple of quick questions if you don't mind. 

1)  How do you monitor the interest you receive in the STMMF, does it show as interest as such?  Or just in a higher fund value.

2)  If I did the same and had money in a STMMF how do I 'sell' to cash?  Whats the process?  Or do you know of a link on the ii site to show me?

Thank you.

it just looks like any other fund - no 'interest', it just rises in value. You sell it like any other fund - click on it and press the orange sell button.

You can also  get STMMF INC funds where the interest is paid into your account as cash.

See https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B3P2RZ52-Royal-London-Short-Term-Money-Market-Y-Inc for example.

Yes, I use the inc version, as I prefer to choose whether to re-invest there, or in another fund within the sipp.

To buy or sell if you already have some units in a fund, there are dots by the name of the fund. Clicking on them gives you the buy / sell option (plus some others) - same for IT's ETF's etc.

If you don't have any units yet, go to Research at the top, and there is a line at the bottom of the page with a search box and blue button saying Quote. You can search by name, or if you find the ISIN can paste that in and search for it.

The ISIN for the Inc version of the Royal London STMM is GB00B3P2RZ52. I often search on Morning Star first, as I find its search filter a bit easier to use, but the II one does the job if you get used to that.

Be aware though that with II there seems to be a 99 pence charge for re-investing dividends.  Not sure how often an MMF throws off dividends but you won't want to be paying 99p each day to re-invest them?

LHW99

Pat38493 said:

LHW99 said:

Linton said:

MallyGirl said:

Donewithwork1 said:

LHW99 said:

do I have to sell funds to a cash pot?

II SIPP doesn't have a "cash pot" as such. It all stays within the SIPP as a single account,and is listed as available cash on the overview or at the top of the investments page. You get a small amount of interest on the cash amount, depending on how much is there, soat the momentI am using an STMM which is higher "interest" to collect the cash over a year, and will sell what is needed a few weeks before arranging a UFPLS.

Thank you, that's helpful.  Couple of quick questions if you don't mind. 

1)  How do you monitor the interest you receive in the STMMF, does it show as interest as such?  Or just in a higher fund value.

2)  If I did the same and had money in a STMMF how do I 'sell' to cash?  Whats the process?  Or do you know of a link on the ii site to show me?

Thank you.

it just looks like any other fund - no 'interest', it just rises in value. You sell it like any other fund - click on it and press the orange sell button.

You can also  get STMMF INC funds where the interest is paid into your account as cash.

See https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B3P2RZ52-Royal-London-Short-Term-Money-Market-Y-Inc for example.

Yes, I use the inc version, as I prefer to choose whether to re-invest there, or in another fund within the sipp.

To buy or sell if you already have some units in a fund, there are dots by the name of the fund. Clicking on them gives you the buy / sell option (plus some others) - same for IT's ETF's etc.

If you don't have any units yet, go to Research at the top, and there is a line at the bottom of the page with a search box and blue button saying Quote. You can search by name, or if you find the ISIN can paste that in and search for it.

The ISIN for the Inc version of the Royal London STMM is GB00B3P2RZ52. I often search on Morning Star first, as I find its search filter a bit easier to use, but the II one does the job if you get used to that.

Be aware though that with II there seems to be a 99 pence charge for re-investing dividends.  Not sure how often an MMF throws off dividends but you won't want to be paying 99p each day to re-invest them?

I wouldn't re-invest just the one dividend (particularly on II's automatic re-investment). The dividend income on the pot gets collected within the account, and re-invested every couple of months or so using the monthly free trade II allows. It means I can direct it within the portfolio to where I feel is most appropriate.

Donewithwork1

LHW99 said:

Linton said:

MallyGirl said:

Donewithwork1 said:

LHW99 said:

do I have to sell funds to a cash pot?

II SIPP doesn't have a "cash pot" as such. It all stays within the SIPP as a single account,and is listed as available cash on the overview or at the top of the investments page. You get a small amount of interest on the cash amount, depending on how much is there, soat the momentI am using an STMM which is higher "interest" to collect the cash over a year, and will sell what is needed a few weeks before arranging a UFPLS.

Thank you, that's helpful.  Couple of quick questions if you don't mind. 

1)  How do you monitor the interest you receive in the STMMF, does it show as interest as such?  Or just in a higher fund value.

2)  If I did the same and had money in a STMMF how do I 'sell' to cash?  Whats the process?  Or do you know of a link on the ii site to show me?

Thank you.

it just looks like any other fund - no 'interest', it just rises in value. You sell it like any other fund - click on it and press the orange sell button.

You can also  get STMMF INC funds where the interest is paid into your account as cash.

See https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B3P2RZ52-Royal-London-Short-Term-Money-Market-Y-Inc for example.

Yes, I use the inc version, as I prefer to choose whether to re-invest there, or in another fund within the sipp.

To buy or sell if you already have some units in a fund, there are dots by the name of the fund. Clicking on them gives you the buy / sell option (plus some others) - same for IT's ETF's etc.

If you don't have any units yet, go to Research at the top, and there is a line at the bottom of the page with a search box and blue button saying Quote. You can search by name, or if you find the ISIN can paste that in and search for it.

The ISIN for the Inc version of the Royal London STMM is GB00B3P2RZ52. I often search on Morning Star first, as I find its search filter a bit easier to use, but the II one does the job if you get used to that.

Thank you LHW99, very helpful.

Donewithwork1

Pat38493 said:

LHW99 said:

Linton said:

MallyGirl said:

Donewithwork1 said:

LHW99 said:

do I have to sell funds to a cash pot?

II SIPP doesn't have a "cash pot" as such. It all stays within the SIPP as a single account,and is listed as available cash on the overview or at the top of the investments page. You get a small amount of interest on the cash amount, depending on how much is there, soat the momentI am using an STMM which is higher "interest" to collect the cash over a year, and will sell what is needed a few weeks before arranging a UFPLS.

Thank you, that's helpful.  Couple of quick questions if you don't mind. 

1)  How do you monitor the interest you receive in the STMMF, does it show as interest as such?  Or just in a higher fund value.

2)  If I did the same and had money in a STMMF how do I 'sell' to cash?  Whats the process?  Or do you know of a link on the ii site to show me?

Thank you.

it just looks like any other fund - no 'interest', it just rises in value. You sell it like any other fund - click on it and press the orange sell button.

You can also  get STMMF INC funds where the interest is paid into your account as cash.

See https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B3P2RZ52-Royal-London-Short-Term-Money-Market-Y-Inc for example.

Yes, I use the inc version, as I prefer to choose whether to re-invest there, or in another fund within the sipp.

To buy or sell if you already have some units in a fund, there are dots by the name of the fund. Clicking on them gives you the buy / sell option (plus some others) - same for IT's ETF's etc.

If you don't have any units yet, go to Research at the top, and there is a line at the bottom of the page with a search box and blue button saying Quote. You can search by name, or if you find the ISIN can paste that in and search for it.

The ISIN for the Inc version of the Royal London STMM is GB00B3P2RZ52. I often search on Morning Star first, as I find its search filter a bit easier to use, but the II one does the job if you get used to that.

Be aware though that with II there seems to be a 99 pence charge for re-investing dividends.  Not sure how often an MMF throws off dividends but you won't want to be paying 99p each day to re-invest them?

I would prob' go with 'acc' to be honest anyway