Stocks & Shares ISA.

[MEVILAZY]

The provider I have been using doesn't allow for dividends to be re-invested, only distributed as income which I do not want.

Can anyone recommend a cheap S&S ISA provider that will allow dividends to be reinvested in the S&S???

Many thanks,

Simon.

[Mr Green]

Stocks and shares ISA's used to be called Maxi ISA's. I had one that grew from £7200 to just short of £11000 in just over 3 years, it worked out at something like 18%pa which was very good. I decided to spend the money on the house so I drew it all out except £100 so that I could monitor it.
That was 3 years ago, it's worth £91.29 today and has never seen more than £100. If I hadn't drawn my £11k out it would be worth about £9900 today.