Fidelity Moneybuilder Income ISA
The Fidelity Moneybuilder Income fund is a favourite fund for both Hargreaves Lansdown & perhaps not so suprisingly the Fidelity fund platform.
The fund invests in "investment grade bonds" which are issued by companies that have a high likelihood of being able to repay their debts. As the risk to investors is lower than other corporate bond funds this is reflected in a lower historic annual yield. the fund offers an attractive alternative to cash with interest rates so low currently.
The Moneybuilder income fund pays monthly income which is attractive to investors and within an ISA income payments are not subject to personal income tax.
Can I Transfer My Current Stocks and Shares ISA To The Fidelity Moneybuilder Income Fund?
If you are currently invested with another provider in a Stocks & Shares ISA the good news is that you can transfer relatively easily into the Fidelity Moneybuilder Income Fund.
If you do this via a platform such as Fidelity or Hargreaves Lansdown they can do this for you. Simply sign up for an ISA account and follow the simple instructions to get this actioned.
Buying the Moneybuilder Income Fund Via The Fidelity Platform
You can invest in this fund via a range of platforms - We have highlighted the Fidelity Platform:
- One low cost service fee, typically 0.35% on the investments you hold with them. However, ongoing fund charges do apply
- Flexibility, they allow you to hold cash as well as investments. This means you can hold your money in cash if you are concerned about the market's prospects. Providing a safer option until you’re ready to invest
- 24/7 access using their online Account Management system, and mobile app
- A wide range of investment options as well as tools to help you find the right funds for you
- Excellent customer service, including a UK-based contact centre and through investment guidance on their website
- You can get started with a minimum of £50 per month or £1,000 lump sum
Fidelity do not offer a ‘flexible’ ISA so any subscriptions that you make will count towards the annual limit. The amount subscribed will not be reduced if you make a subsequent withdrawal.