S & S ISA is not available on Android as yetā¦ you can only have a Basic account (unless you can access your account on someones iOS device and open an ISA and then you can access this via Android - I believe)
See aboveā¦
I believe you can have both types of account - not aware of whether you can transfer portfolio from a GIA Basic account into an ISA when they become available
See above
5 & 6 - other people more knowledgable can answer theseā¦
Yep ISA will be 3/month from July. For some investors, well worth it. Maybe not for others if starting with very small pots. Several discussions on this forum about when it mathematically becomes worth the 3/month cost, though I prefer the certainty of knowing that all of this is safely tucked in a tax wrapper.
Currently I have a Dealing Account with AJ Bell, annoyingly their Stocks & Shares ISA has identical costs and I should have opened that instead years ago.
Theirs is max Ā£7.50 a quarter, Ā£30 a year, (but less depending on what 0.25% of the value of the shares in your account).
However you get hit with Ā£9.95 per deal for shares (or Ā£4.95), rather than the Ā£0/1 with Freetrade.
I only buy in Ā£500s to make the deal fee tolerable, otherwise it feels like those cash machines that charge you Ā£2 when all you want is a tenner.
When Freetrade have ISA transfer, you could move your existing AJB isa over for the lower ongoing costs.
And remember that if youāve contributed money to that AJB isa during the current tax year you wonāt be able to contribute money to a new one on Freetrade (or anywhere else) during the current tax year. This is a good read on the rules Itās ISA Season š°.
I donāt know if you know the answer but when you transfer an S&S ISA does it close the old ISA a bit like a bank CASS?
It would be useful to have both until Freetrade start listing AIM companies so Iām not concerned about CGT.
I think I can only open one Stocks & Shares ISA per year, so do I do that this year with AJBell and wait until the next tax year to open one with Freetrade?
Yeah when you transfer an ISA it moves to the new platform.
I believe that Freetrade Android ISAs are being launched this month (@anon2636484?). Though Iām not sure when ISA transfers will happen.
So if you havenāt contributed any money to an S&S ISA in the 19-20 tax year yet, you might want to hold off for a few days and just open it at freetrade.
Most likely the old one will be closed since you will have moved it away from the former provider. You cannot duplicate an ISA, unfortunately
That way you are better off leaving your existing ISA be and opening a new one with Freetrade for non-AIM stocks as long as it is financially viable to maintain both. Bear in mind you can open another ISA but should not subscribe your funds to more than one within one financial year.
And if you need both because AIM, then consider keeping the AJBell one for AIM and waiting a few days and opening your 19-20 tax year ISA at Freetrade
But then whatever else is in your AJBell one will also stay there. Unless you sell it and buy again on Freetrade (which will eat some of your entitlement for 2019-20).
So at the moment I have no S&S ISA at all, just a basic dealing account with AJBell that Iāve had for years, and a new shinny Freetrade basic dealing account.
To this date it CGT threshold hasnāt been an issue.
However I have potential multibagger coming in from a suspended 0.4p going to (most likely be) hitting ~4p and then towards 20p thats been about 10 years in the making.
So Iām only recently thought I might need to gift and Bed&ISA when it comes back to AJBells own S&S ISA to protect from further increase in value.
Which leads me to ask can you combine a S&S ISA setup in the past with one held at a different provider?
2019 AJ Bell S&S ISA
2020 Freetrade S&S ISA
Or would I need to wait until Freetrade do AIM shares and have the ISA transfer built and just transfer it over?
I only buy ETFS, investment trusts or shares in my AJBell account and use their regular investing facility so it only costs Ā£1.50 per purchase, rather than Ā£9.95. It does mean youāre limited to just making one purchase a month (around the 10th of the month).
I would say that depends on the stock you are buying and if you intend to hold it for a medium to long term. If the stock is fundamentally strong and with good long term prospects, I would buy it before the ex-dividend date and ensure some immediate return. If price goes down after ex-dividend (which usually happens), I just simply hold it until the price comes back up or even use the opportunity to add more and lower my average buying price.
Example: look at persimmon - dividend of 110p has been announced, fundamentals intact, long term prospects good. Say you bought 10 shares for 2100p, in a month you will receive dividend of 1100p thatās almost 11% of your invested amount, you have a safety margin of 11% for price fluctuations. Hold and ride out any fluctuations, add if you can at dips, if the projected performance guidance holds out you still benefit.
Hi, I am new to Freetrade and trading. I was just wondering if after you buy a stock you get a certificate or a reference number. I was also wondering if with the Freetrade account, you get an account number or something like that. I like the app but I just feel that if it were gone, I wouldnāt have much reference. I appreciate any info.
Thanks for your reply. I was thinking that I might need an account number for Tax? I canāt seem to find the contract note. Maybe it is just me. How do I get to it?