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    • Murmansk
    • By Murmansk 9th Oct 17, 7:21 PM
    • 45Posts
    • 9Thanks
    Bed and ISA
    • #1
    • 9th Oct 17, 7:21 PM
    Bed and ISA 9th Oct 17 at 7:21 PM
    I've got some money in Vanguard LifeStrategy and in April I'll want put another £20K of what's already in there in my ISA account with Vanguard.

    Will they be able to do that for me or will I have to sell £20K worth of my fund then put it back again via my ISA account?

    As an aside, and related to my other thread re Vanguard from a day or two ago, my holding seems to have gone up in value by £1,400 in the last month or so - presumably I need to do my selling to increase my ISA at a time when it's "up" rather than down? But then again, if I were to be upping my ISA with FRESH MONEY it'd be good to do it when the value is "down"?
Page 1
    • Alexland
    • By Alexland 9th Oct 17, 7:46 PM
    • 445 Posts
    • 262 Thanks
    • #2
    • 9th Oct 17, 7:46 PM
    • #2
    • 9th Oct 17, 7:46 PM
    The funds will need selling to cash (and any capital gains possibility considered) as under HMRC rules only cash can be contributed into an ISA wrapper. If you are selling and buying it doesn't really matter when you do it the risk or opportunity of being out the market is about the same. They might be able to move the cash between accounts if you ask them to save cycling it through your bank.

    People say don't time the market but I find it makes me feel better doing transfers when the market is high and buying units when valuations are lower than previously.
    Last edited by Alexland; 09-10-2017 at 7:51 PM.
    • Eco Miser
    • By Eco Miser 10th Oct 17, 5:28 PM
    • 3,084 Posts
    • 2,849 Thanks
    Eco Miser
    • #3
    • 10th Oct 17, 5:28 PM
    • #3
    • 10th Oct 17, 5:28 PM
    You have to sell and rebuy. If both the unwrapped funds and your ISA are with the same platform, they may be willing to take both transactions as a single instruction with effectively no time out of the market, and possibly at reduced cost.
    Eco Miser
    Saving money for well over half a century
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