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  • FIRST POST
    • cuthbertlilly
    • By cuthbertlilly 20th Mar 17, 2:34 PM
    • 728Posts
    • 198Thanks
    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
    • 6,896 Posts
    • 12,406 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
    • 728 Posts
    • 198 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
    • 9,125 Posts
    • 6,274 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.
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