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10/06/21 10:53
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Hello, Is any interest paid on "available" cash (not "margin") in a spread betting account? For example, if I held £10k in an account and had no open positions. The reason for asking is that I understand that proceeds from short sales in a CFD will receive interest (benchmark-2.5%), so was wondering if that applied to all cash, and couldn't find an answer on the web site. Thanks. -
Hi @Mark12 If you are trading shares, you will have the option to place a limit order to sell your existing position. When the market opens, please check if your order level is close to where the market is trading. All the best, OfentseIG -
We have to wait until Friday to find out if the UK economy skirted a recession. Richard Snow, foreign exchange analyst at Daily FX, tells IGTV’s Jeremy Naylor that after the third quarter contraction of 0.3%, there is a risk around the incoming data for the fourth quarter. Here he discusses GBP/USD as a trade to go short. But what if GDP comes in slightly higher? Richard says that is likely to be largely academic and that he believes the short trade will prevail. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
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Question
bigbrobrody
I have an ISA, in which I hold some shares and two smart portfolios. In August I transferred £10k into the account and I've transferred a further £10k today. The transaction history correctly shows these amounts. The only "withdrawals" are transfers into the ISA smart portfolios. So, my total deposits are £20k this tax year.
However, on my dashboard it says I've used £16k of my £20k allowance. Clearly incorrect and misleading.
I emailed helpdesk.uk@ig.com and the response was, "You may still subscribe GBP4000 to your ISA account in this tax year, as you have only subscribed GBP16000."
Is anyone else seeing a discrepancy between what you've paid into an ISA and the remaining allowance shown on your dashboard?
Edited by bigbrobrodyLink to comment
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