Your investment questions answered Vol 2 - Sponsored by IM

Your investment questions answered Vol 2 - Sponsored by IM

Author
Discussion

Intelligent Money

Original Poster:

311 posts

29 months

Tuesday 6th April
quotequote all
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.
As this is PH it seems only fair to mention (for those who do not know) our motoring links. As well as sponsoring PH, we are also the title sponsors of the Intelligent Money British GT Championship, brought Jenson Button back from LA to race in the the Silverstone 500 finale with his best buddy Chris Buncombe, partnered with Redline Magazine and Pure GT and very importantly have our own racing team (Intelligent Money Racing).

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)
Intelligent Money

supersport

3,307 posts

193 months

Tuesday 6th April
quotequote all
Excellent - sorry it couldn't be more intelligent than that.

S6PNJ

4,225 posts

247 months

Tuesday 6th April
quotequote all
Happy days! Quick spanner in the works - where do we discuss GIAs?

forest172

589 posts

172 months

Tuesday 6th April
quotequote all
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?



Edited by forest172 on Tuesday 6th April 18:10

911pleb

313 posts

27 months

Tuesday 6th April
quotequote all
New tax year, new product. Excited for PH Tech.

uk66fastback

15,114 posts

237 months

Tuesday 6th April
quotequote all
Checking in ...

Gallons Per Mile

1,331 posts

73 months

Tuesday 6th April
quotequote all
Shhhh, don't tell Phooey or Burwood we're over here now. There will be pictures of cats in no time!

Mr Whippy

23,955 posts

207 months

Tuesday 6th April
quotequote all
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?



Edited by forest172 on Tuesday 6th April 18:10
Pretty sure subscribe/subscription is really just paying into a product in a given tax year.

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.

Phooey

10,877 posts

135 months

Tuesday 6th April
quotequote all
Ha! Found you. Think you can lock the door on the main thread and hide over here?? Tut tut.

Burwood, bring on the smut. Meowwww biggrin

Gallons Per Mile

1,331 posts

73 months

Tuesday 6th April
quotequote all
Phooey said:
Ha! Found you. Think you can lock the door on the main thread and hide over here?? Tut tut.

Burwood, bring on the smut. Meowwww biggrin
rofl

Here we go again! biggrin

renmure

3,524 posts

190 months

Tuesday 6th April
quotequote all
In for the bantz.

Intelligent Money

Original Poster:

311 posts

29 months

Wednesday 7th April
quotequote all
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?



Edited by forest172 on Tuesday 6th April 18:10
Hi forest172

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


JulianPH

9,091 posts

80 months

Wednesday 7th April
quotequote all
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. hehe

Cheers

Julian

smile


PorkInsider

4,788 posts

107 months

Wednesday 7th April
quotequote all
Mumsnet?!?!

They'd eat you for breakfast over there, Julian. rofl

Edited by PorkInsider on Wednesday 7th April 11:03

Ali2202

3,752 posts

170 months

Wednesday 7th April
quotequote all
Nice view from here. thumbup

Burwood

17,260 posts

212 months

Wednesday 7th April
quotequote all
Phooey said:
Ha! Found you. Think you can lock the door on the main thread and hide over here?? Tut tut.

Burwood, bring on the smut. Meowwww biggrin
He'll be out shortly-just dealing with last nights pizza and beer smile


CharlesdeGaulle

16,826 posts

146 months

Wednesday 7th April
quotequote all
As part of the tweaking, could you change this thread title and remove the final 's' from investments please? Will read much better.

JulianPH

9,091 posts

80 months

Wednesday 7th April
quotequote all
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 dedicted GIA on active.

smile




S6PNJ

4,225 posts

247 months

Wednesday 7th April
quotequote all
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.

smile
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.

JulianPH

9,091 posts

80 months

Wednesday 7th April
quotequote all
CharlesdeGaulle said:
As part of the tweaking, could you change this thread title and remove the final 's' from investments please? Will read much better.
Well spotted! There are others we are also going over this afternoon.

smile