hellokimchi
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Can someone please comment on some issues I have regarding self-select ISAs. I'm particularly interested in ishares ETFs
Can someone please help me with some of these questions? I've had all sorts of confusing emails from various brokers.
-Are all ETFs free of stamp duty in the UK?
-Are account management charges for a self-select ISA only applied to your whole account - not each year's individual ISA wrapper? ie, A #50 annual management charge doesn't increase to #100 if you hold an ISA in each of two tax years.
-Most ishares are quoted in GBP, EUR, or $US. How does this affect my GBP broker account if I want to trade in an ishare quoted in EUR (eg- DJSC, DJ Euro STOXX smll cap) or %US (eg- IASP, Asia property fund)
-What do you do with an ISA when you want to sell and leave the money in cash until a buying opportunity comes along? Does your broker offer a tax-free ISA account for your self-select ISA cash? I assume the rates will be much less than current cash ISA rates (ie-6%)
I currently trade OEIC index funds within an ISA free of tax and charges, but position sizing is too tricky without an easy switch into cash. I've been looking at using ETFs within a self-select ISA instead.
Thanks for any replies.
Can someone please help me with some of these questions? I've had all sorts of confusing emails from various brokers.
-Are all ETFs free of stamp duty in the UK?
-Are account management charges for a self-select ISA only applied to your whole account - not each year's individual ISA wrapper? ie, A #50 annual management charge doesn't increase to #100 if you hold an ISA in each of two tax years.
-Most ishares are quoted in GBP, EUR, or $US. How does this affect my GBP broker account if I want to trade in an ishare quoted in EUR (eg- DJSC, DJ Euro STOXX smll cap) or %US (eg- IASP, Asia property fund)
-What do you do with an ISA when you want to sell and leave the money in cash until a buying opportunity comes along? Does your broker offer a tax-free ISA account for your self-select ISA cash? I assume the rates will be much less than current cash ISA rates (ie-6%)
I currently trade OEIC index funds within an ISA free of tax and charges, but position sizing is too tricky without an easy switch into cash. I've been looking at using ETFs within a self-select ISA instead.
Thanks for any replies.