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BigDeal

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Posts posted by BigDeal

  1. Under HMRC rules, you can only fund with one ISA provider in a tax year, so if you want to trade through an IG ISA you will have to request IG to transfer the funds over from HL. Don't close the HL ISA yourself.   

    BUT you will have to get hold of IG to do it!  May be worth sending an email - they may be able to reply with the relevant documents

  2. The purpose behind bed and ISA is to manage capital gains tax. eg realise a gain using your CG allowance, or perhaps offset other gains with a loss, but you want to retain the stock so rebuy it under your available ISA allowance.    It would be great if you could transfer non ISA equity holdings straight into an ISA, but you can't, so the only way to do it is to sell the stock and repurchase in the ISA wrapper.  Obviously there are advantages to holding shares in ISA regarding CGT and dividends but the advantages of bed and ISA have to be weighed up against cost, how long you want to retain the holding etc etc and as you've pointed out, it can become an expensive process.  Unless you are using your CG allowance and dividend allowance there is usually no point in doing it.  Therefore in practise it is only really a tool for more wealthy investors.

  3. No this is not currently offered by IG sadly.  In fact the share trading is a pretty basic aspect of IG's offering compared with their leveraged business. The leveraged side is where they make their significant profits and share dealing is secondary in my view

    Trailing stops have been put into the IG suggestion box by many, but nothing has come of this to date. Maybe if we all keep on asking it may happen but I get the impression suggestions in the share trading arena are not top priority ATM.

    • Like 1
  4.  OK.  that was the issue for me, so sorry cannot help further.  Good luck.  I had a query about something last weekend and got through to someone quickly on Saturday morning. I know that doesn't help if you want to trade now or tomorrow but may be a good time to call them.

  5. Not entirely sure, but have a couple of suggestions why you may be having an issue:

    Is it a new ISA for this tax year, or one that you have with IG already? If a new one you've just set up not sure what the issue is.   If the latter I believe you need to have funded it in the previous tax year (ie 2020/2021) for you to be able to trade immediately. If your IG ISA is older than that and was not funded last tax year you will need to get IG to reactivate it.

    Alternatively, although you've sold shares on your sharedealing account and can trade with unsettled funds in the same account, you may find they are classed as unsettled funds when you move them to your ISA? 

     

  6. I had a similar problem over the weekend trying to fund my ISA.  Do you have another debit card attached to a different account? If so add that and deposit from that account; I had success by doing this. I also sent a faster payment from the account on which the card was problematic, and this worked OK.

     

    • Like 1
  7. Hi gamiva.

    The screenshot is from a demo SB account on my windows laptop.   I did have a look on the app on my ipad, and must admit I could not find the forward option on ios.  However I avoid trading on apps of any brokers as I find them pretty hopelessly slimmed down and difficult to use.

    I don't have any other suggestions I'm afraid.

  8. Not sure which app you use, but on my iPad I get the option to buy a quantity of shares or invest a specific amount.  Also on my laptop the first option is for a number of shares but there is a dropdown box enables me to change to an amount of money to invest. Like you I always invest a specific amount including commission etc.

    To this end, I had a conversation with @CharlotteIG about this recently (last couple of weeks) suggesting that the system is changed around so that investment amount is shown first and number of shares second, as most private investors do no invest in round lots,  and she promised to take this back to the team for consideration but not heard anything further yet.

  9. All CFDs are derivatives - you do not own or influence the price of the underlying market you are buying / selling. However dividends do apply to CFDs, either shares or indices, which you either earn or pay depending on whether you are long / short at the time the dividend is due

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