Your questions answered Vol 2 - IM Private Clients
Discussion
This is basically what it says on the tin. This thread is where we can carry on as before from the last thread with the usual comments, feedback and banter.
We now have four new threads that are designed for all PHers (clients or not) to search for quick answers on different points or simply ask a question where any previous answer is now buried thousands of pages down in the original thread.
PHers can remove our initial charge and minimum investment requirement by inserting the code PH2607 in the ‘Promo Code’ box when setting an account up online.
Regulatory Disclosure:
Intelligent Money (IM) was established in 2002 and is Authorised and Regulated by the Financial Conduct Authority (Ref 219473)
The value of investments and any income from them can fall as well as rise. Past performance is not a guide to future returns.
We now have four new threads that are designed for all PHers (clients or not) to search for quick answers on different points or simply ask a question where any previous answer is now buried thousands of pages down in the original thread.
- Individual Saving Accounts (ISAs)
- Pensions & SIPPs
- Tax (including IHT) Planning
- General financial guidance
PHers can remove our initial charge and minimum investment requirement by inserting the code PH2607 in the ‘Promo Code’ box when setting an account up online.
Regulatory Disclosure:
Intelligent Money (IM) was established in 2002 and is Authorised and Regulated by the Financial Conduct Authority (Ref 219473)
The value of investments and any income from them can fall as well as rise. Past performance is not a guide to future returns.
- JulianPH is the CEO of Intelligent Money
- Nik (who posts under Intelligent Money) runs Private Clients (nik.burrows@intelligentmoney.com)
- CoopsIM is a Private Client Relationship Manager who works closely with Nik (steve.cooper@intelligentmoney.com)
so for this tax year I take it I can open an IM money account and lump £20k cash in it and buy funds even though I have my current ISA and SIPP with vanguard?
Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Edited by forest172 on Tuesday 6th April 18:10
forest172 said:
so for this tax year I take it I can open an IM money account and lump £20k cash in it and buy funds even though I have my current ISA and SIPP with vanguard?
Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Pretty sure subscribe/subscription is really just paying into a product in a given tax year.Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Edited by forest172 on Tuesday 6th April 18:10
The limit is £20,000 and you can pay into one S&S isa and/or one cash isa.
Ie, last year I used a combo of £20,000 with my cash isa and S&S isa, with two different providers.
The year before it was all in a cash isa with a different provider.
I’d assume HMRC would be happy with any number of providers if it could be easily tracked... but it can’t be, so I think they keep it to one provider of each product a year to limit abuse.
forest172 said:
so for this tax year I take it I can open an IM money account and lump £20k cash in it and buy funds even though I have my current ISA and SIPP with vanguard?
Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Hi forest172Can I then in due course switch my current ISA in full or part into my IM account?
ok just tried to do it, and the declaration states 20/21 tax year and that I will subscribe to further tax years. So obviously the years wrong, and will I have said I`d do that with vanguard in their declaration regarding future tax years?
Edited by forest172 on Tuesday 6th April 18:10
You can hold a stocks and shares ISA and a Cash ISA with more than one provider but you can only add new funds i.e. contribute to one S&S ISA and one cash ISA in a Tax year.
So if you have not paid into a ISA since Tuesday you can set an ISA up with IM.
Funds that already held in an ISA can be transferred between ISA’s and don’t count as a new contribution.
You can contribute to as many Pensions and or SIPPS as you want to.
Cheers
Nik
Hi All
Great to see you moving over!
I've got to spend some time this morning working with PH on getting rid of some glitches and making this new version more user friendly and then I'll be back.
Can everyone tell Phooey that this is all a front and we have really moved to Mumsnet.
Cheers
Julian
Great to see you moving over!
I've got to spend some time this morning working with PH on getting rid of some glitches and making this new version more user friendly and then I'll be back.
Can everyone tell Phooey that this is all a front and we have really moved to Mumsnet.
Cheers
Julian
JulianPH said:
S6PNJ said:
Happy days! Quick spanner in the works - where do we discuss GIAs?
Either as usual on the main thread or on the General Investments or Tax Planning sub-threads.We were limited to the number of sub threads, but I will see if we can get a dedicated GIA on active.
Edited to say - it seems they've just done it - wasn't done earlier when I was looking!! Good News.
S6PNJ said:
Cheers!! Will the PH bods 'sticky' all of your threads (in a sensible order) or will we have to keep finding them as they move up and down the thread listings?
Edited to say - it seems they've just done it - wasn't done earlier when I was looking!! Good News.
Yep, as you have seen all of these little tweaks that make such a big difference are being pulled though now the basics are in place.Edited to say - it seems they've just done it - wasn't done earlier when I was looking!! Good News.
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