Hi all.
Bit confused by my allowance figure. What am I missing? My maths is not that bad is it?
Actually only got £233 in a SIPP so total under ISA portofolios is around £5972.
Why does it show £16009 left? Possibly due to the unsettled transactions? Is this not added to the allowance until they are settled?
Your ISA allowance is impacted at the point that you deposit cash into your ISA, by the amount of cash you deposit. Trades you make (either buy or sells), and therefore any concept of settlement of those trades, has no impact. Nor does any gains or looses of your investments. So I presume you have deposited £3,991 in total into your ISA this financial year?
Just calculated between 3 portofolios £5996 this year
Odd!
I’ll see next week if it adjusts.
Have you made any withdrawals. The IE ISA is flexible, so the numbers could make sense if you have withdrawn £2,005?
Just downloaded the report to verify and no, no withdrawals outside the ISA. i’ll contact them next week to confirm if it remains at that amount as I have another iSA and do not want to go over the 20K split between them of course
Is this the value of all of your IE ISA portfolios currently?
So did you contribute less than the aforementioned £3991 into the IE ISA in the current tax year?
Not sure what you are asking sorry.
I started off with this new account , first with a small amount to test, then slowly started adding more and now sums to 5996 approx under ISA.
I do recall initially adding some funds to the standard GIA by error and then moved them to ISA.
Might be worth not waiting until next week but already emailing CS on support@investengine.com .
WHEN. Give dates. ISA allowance is payments in per tax year starting April 6th. In addition any withdrawals will be added to the available allowance as IE ISA is flexible.
