ISA and Fractional Shares

General
61

Is it possible to opt out of fractional shares? To reduce our risk of exposure?

62

Hi, I donā€™t think it is possible if you want your ISA or SIPP to be with IE.

However, you could more your ISA or SIPP to another provide who doesnā€™t offer fractional shares and only deals in full shares.

1 Like
64

Fractional shares are allowed from April 2024 in ISA accounts

66

The guy on Pension Craft has done a video today where he says that fractional shares will be allowed. It would silly not too. But then again, the current Government are very silly.

1 Like
67

After the budget is there any more clarity on fractional shares?

69

@Paul_M/@DeeFunds/@Adam.Lees, would InvestEngine be able to provide an update on their plan for fractionals in ISAs since the spring budget, are you simply waiting for a government announcement in the summer or have you had more engagement with the government directly about this?

70

There is now going to be a General Election before the end of the summer. So what will happen with this?

72

@Adam.Lees Any update on this matter please. Iā€™m interested in opening an ISA S&S with InvestEngine but hesitant because of the legality of fractional share in ISA.

Consumer Duty states customers expect clear and timely information provided. However, reading this long post, Invest Engine couldnā€™t provide any clarity on fractional share in ISA.

I would appreciate IE can share clear guidance. Thanks

73

If the government and HMRC arenā€™t clear how can you expect IE to guide?

4 Likes
74

Looks like HMRC has dropped this now and is expecting a change in law from the government to permit fractional shares in ISAs (which, as outlined above, I believe already to be permitted under current law).

2 Likes
75

HMRC to allow fractional shares in Isas ahead of rule change

https://www.ft.com/content/0edd4337-b1e7-48df-8276-bb25d4d7cfa5

2 Likes