Member Info for DaveC55

Just be aware that as soon as you take money (profits) out of an old ISA, the tax-free status of that money comes to an end. You could of course put it into another ISA for the current tax year (up to the £20k limit on contributions), but if you buy more shares outside of the ISA wrapper then any profits on those will be liable for CGT (subject to your annual allowance of course).

Alternatively you can sell shares within an ISA, keep the proceeds within the ISA and then buy more shares to keep the tax-free status intact. The ISA is an investment vehicle which if all trading is done within it, retains its tax-free status. Note, this is my personal understanding, I am not qualified to give tax or investment advice.

A word of caution to those wanting to bed & ISA. I tried to do it a few weeks ago with HL, searched the website, found the form, filled it in and posted it off. A week later I sent a secure message asking when I could expect the transactions to go through and got the reply back that they have suspended this service during the pandemic, so I had to do it manually.

A nervous few days after I'd sold waiting for settlement so that I could then transfer the funds into my ISA and re-purchase. Luckily all worked out OK in the end, but next week I want to do it again with another stock (SBTX) as that has almost quadrupled for me and is looking to go higher.

I didn't see or encounter any warnings on HL's website to say that bed & ISA was currently unavailable.

Does anyone know what the other 'wonder stock' is that they're alluding to? Just asking for a friend...

Thanks kevkan, I would just add watch your stop losses (if you use them - I don't). Not unknown for mm's to drop the price momentarily to try and trigger a few.

I had the oxford AZ one a couple of weeks ago and felt like **** for about 36 hours afterwards. OK after that apart from some soreness at the injection site.

After I posted a question regarding the reporting of capital gains earlier, and received a good deal of sound advice, I've taken the plunge and opened up an ISA. Never needed to bother before as any profits have been re-invested but I feel that this year could be the turning point for several of my holdings and I might want to actually spend some of it. Instructed HL to do a bed & ISA with my SNG and OPTI shares, then after 5th April I will open another ISA and do the same with SBTX and DRVG. Hopefully they won't go too ballistic in the meantime! Thanks again for the advice.

Another silly question: whose responsibility is it to declare a taxable gain on shares (assuming I get into that fortunate position)? Is there a mechanism whereby (in my case) HL are obliged to report large gains to HMRC, or is it solely down to me to declare it? I don't currently have to fill in a tax return, so how would it work?

I usually pronounce it sinAIRjen, but that's only in my own head!

Only started buying here in January after doing some research over Christmas so my average is 170p. Managed to get it up to 19% of my portfolio.

https://www.veronapharma.com/media/verona-pharma-reports-positive-phase-2-results-pmdi-formulation

You'd hope he would have had at least one dose of vaccine, given his age.

54

Only started buying on Jan 5th, now SNG is 13.5% of my portfolio. Average is 163p so prob a bit higher than some of you I guess.

I bought some this morning - maybe they've run out!

Approx 8% in SYN (cost basis)

I have one other holding that I'm prepared to let go at a loss in order to buy more shares here. That will be my third tranche within the space of two weeks, so I'll have to wait and see what comes about.

More than doubled my holding this morning - it's brought my average up a bit but hoping to make that back within a few weeks!

This from the BBC website

https://www.bbc.co.uk/news/health-55639096

Could be USA?

Does anyone watch Click on the BBC News Channel? Seems to me that any one of the varied business strands would make for great TV. It's just the sort of thing that this cutting edge technology programme would lap up. Gerard, can you add #bbcclick to your tweets do you think?