Interested in Transferring Funds From Your Existing ISA?

BWCE’s Solar Bond is available via the new crowdfunding platform, Mongoose Crowd, and eligible for investment via the Innovative Finance ISA. 

Have you used up your existing ISA allowance for the year or have an ISA that is not performing as you would wish? 

Mongoose Crowd has just launched a new service that will enable you to transfer your existing ISA to the BWCE Solar Bond, held in an Innovative Finance ISA wrapper. Thus retaining the tax free benefits available to holders of ISAs. 

 

Transferring ISAs in this way means that you can transfer cash from your current Cash or Stocks and Shares ISA to an Innovative Finance ISA. If you wish to transfer a Stocks and Shares ISA you will first have to sell any investments you have before the funds can be transferred to Mongoose Crowd.

Please note that the ISA rules set out by HMRC require that you can only pay in to one Cash ISA, one Stocks & Shares ISA and one Innovative Finance ISA in any given tax year. The maximum combined amount you can contribute across all your ISA accounts in 2017-18 is £20,000.

You can transfer as many previous years’ ISAs as you wish, and the amount you transfer doesn’t affect the current ISA allowance of £20,000 in year 2017-18. So, for example, if you choose to transfer £5,000 from an earlier ISA, you can still contribute up to £20,000 into your current 2017-18 IF ISA allowance, meaning you can make a total IF ISA investment of £25,000.

You can choose to transfer some or all of the money held in your other ISA accounts. For example, if your current ISA holds £10,000, then you may choose to only transfer £4,000 to your Innovative Finance ISA.

You will need to register first with the Mongoose Crowd platform to arrange the transfer of your ISA but the process is relatively simple. If you get stuck you can find more information here or get help by calling 0330 223 0062 or emailing Mongoose Crowd.

 

 

Change of Registry Service Provider

Bath and West Community Energy

Change of Registrar

4th July 2017

We have moved the registry service provided to date by the Community Shares Registry Company (CSRC) to Neville registrars Ltd. The registry service is run by a separate organisation that holds details of your shares and bonds with clear data protection safeguards, pays your interest and updates your personal details like your address or email when you change them.

As part of its service contract with BWCE, Mongoose Energy is responsible for overseeing the delivery of BWCE’s registry services.  Mongoose Energy has seen a rapid growth in investor numbers across the community enterprises it supports. This has driven a procurement process that has resulted in the appointment of Neville Registrars as a new service provider. The transfer of data will be managed by Mongoose Energy, reporting to BWCE’s board.

As of 10th July 2017, registry services will be delivered by

Neville Registrars Limited

Tel: 0121 585 1131

Email: [email protected]

Website: www.nevilleregistrars.co.uk

Neville Registrars Limited,
Neville House,
18 Laurel Lane,
Halesowen,
West Midlands,
B63 3DA.

 

Below is a list of dates for your information.  You do not need to do anything during this transfer and new certificates will not be issued as the existing ones will remain valid.

30th June 2017 – Final date of Community Shares Registry Company services

3rd July 2017 to 7th July 2017 – Transfer period

10th July 2017 – First day of Neville Registrars registry service

You will not be able to make updates to your personal information during the transfer period.  Following the transfer all updates and enquiries regarding share and bond holdings should be directed to Neville Registrars.

Please direct any enquiries during the transfer process to [email protected].  We will be in touch in due course with updated contact details for registry updates and enquiries.

This transfer process will not delay the payment of bond interest on the 12th July for those bondholders that invested in the bond offer that closed on July 12th 2016.