Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • cuthbertlilly
    • By cuthbertlilly 20th Mar 17, 2:34 PM
    • 704Posts
    • 194Thanks
    cuthbertlilly
    S&S ISA contibutions
    • #1
    • 20th Mar 17, 2:34 PM
    S&S ISA contibutions 20th Mar 17 at 2:34 PM
    Hi,
    Can I pay the remaining money of my ISA allowance in to my S&S ISA for this tax year in "safe" funds i.e. Trojan/SL GARDS/Newton Real Return, then pay £20,000 in on 6ht April - then would I be allowed to sell those units in TY17/18 and buy in to other funds without impacting my 17/18 ISA allowance?
Page 1
    • bowlhead99
    • By bowlhead99 20th Mar 17, 3:27 PM
    • 6,163 Posts
    • 10,856 Thanks
    bowlhead99
    • #2
    • 20th Mar 17, 3:27 PM
    • #2
    • 20th Mar 17, 3:27 PM
    You can do that.

    Or you can just put the money into your 2016/17 S&S ISA and not spend it on anything yet- so it just sits as cash, then you won't need to sell anything to get money to buy whatever fund it is that you really want to buy inside the S&S ISA during 2017/18. In other words, buying a low volatility fund as a placeholder may not really be necessary if it is not going to be for a long period of time and you might not want to take risk for minimal returns.

    Similarly you could put the 2016/17 in a cash ISA and then when you want to buy some investment funds later in 2017/8, transfer some or all of that cash ISA into the S&S ISA ; it still won't use up your 17/18 allowance if it's 16/17 contributions.
    • cuthbertlilly
    • By cuthbertlilly 20th Mar 17, 3:32 PM
    • 704 Posts
    • 194 Thanks
    cuthbertlilly
    • #3
    • 20th Mar 17, 3:32 PM
    • #3
    • 20th Mar 17, 3:32 PM
    How do I put the money in to the S&S ISA so that it just sits as cash? i'm with Cavendish via Fidelity.
    • masonic
    • By masonic 20th Mar 17, 6:04 PM
    • 9,095 Posts
    • 6,214 Thanks
    masonic
    • #4
    • 20th Mar 17, 6:04 PM
    • #4
    • 20th Mar 17, 6:04 PM
    Ask yourself the question: "After I put money into my S&S ISA, how do I normally use it
    to buy investments?"

    When you have the answer, don't do that this time.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,084Posts Today

6,558Users online

Martin's Twitter
  • Just seen @IvoGraham doing stand up in a comedy club. Superb, witty, self depricating, clever stuff. Go see him if you get the chance

  • RT @ChrissyNunn: New one from @Tesco today.. "The sale of Goods Act is just legislation, it's like a guideline, it's not law" @MartinSLewis?

  • Off to Torremolinos? I'm filming my roadshow there next Fri 28th during the day then in Branigans at 5pm. Want to come? Let @itvmlshow know

  • Follow Martin