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Cash ISA previous years reinvesting
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Artistxman
Posts: 59 Forumite
Need some advice please!
I have cash ISA from previous 4 years and recently realised the potential of Share ISA. But, don't have enough to invest more this year. Wondered if I would be able to reinvest my previous cash ISA into Stocks and share ISA (last few years allowance or this year's allowance).
Also, I found some good yield funds in S&P rating website. But, it seems like it's not available on our high street banks. Any ideas where I can buy them under ISA.
Thank you
I have cash ISA from previous 4 years and recently realised the potential of Share ISA. But, don't have enough to invest more this year. Wondered if I would be able to reinvest my previous cash ISA into Stocks and share ISA (last few years allowance or this year's allowance).
Also, I found some good yield funds in S&P rating website. But, it seems like it's not available on our high street banks. Any ideas where I can buy them under ISA.
Thank you
0
Comments
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No. Once in a cash ISA you can't move it across to a Stocks and Shares ISA.0
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Artistxman wrote:Also, I found some good yield funds in S&P rating website. But, it seems like it's not available on our high street banks. Any ideas where I can buy them under ISA.
Thank you
Try squaregain.co.uk self select isa.0 -
Artistxman wrote:Need some advice please!
I have cash ISA from previous 4 years and recently realised the potential of Share ISA. But, don't have enough to invest more this year. Wondered if I would be able to reinvest my previous cash ISA into Stocks and share ISA (last few years allowance or this year's allowance).
You can't *transfer* money from a cash to a stocks and shares ISA but there's nothing to stop you taking the cash out and opening a new mini S&S ISA.0 -
But, it seems like it's not available on our high street banks. Any ideas where I can buy them under ISA.
Banks are tied for advice and products so you only get their expensive and poor performing range. You need an IFA to get access to the whole of market product range. Some IFAs have set up websites for you to do it yourself on execution only basis (a few are mentioned here regulary and in martin's articles).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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