Hi,
I started a mini self select isa today using £4k worth of shares from holdings I have in a share dealing account with one of the major banks.(about £30k worth) The administration fee is £30.00 annually. The shares will have to be sold and rebought to facilitate the transaction which in itself will incur some loss. I may add to this with a further £3.600 worth of shares from the same source in April. However unless my main holdings do exceptionally well I am not sure how/if I am going to benefit as I seem to be a long way off incurring capital gains tax? Have i wasted my time and incurred unnecessary expense by starting this isa?
Any comments apprecieted