Investment ISA advice

smitht3

Hi folks,

I have an investment ISA and looking for some wise words to help me through the next month or two...

I plan to cash it in within the next month or two anyway so it could be any easy answer.
Do i wait for the end of the financial year or election before cashing it in.
Or play it safe and cash it in now?

jamesd

It depends on how the money is invested. What investments are you using?

One reason it depends is that the Pound is currently dropping and many non-UK markets are rising, so there's a good chance to make Pounds from non-UK investments at the moment. Not a guarantee, though. Just what looks like a good short term chance to make money from investments outside the UK.

For shares within the UK it's much more finely balanced, with some real chance of a significant drop in UK markets before and after the election. Or a nice rise if the Conservatives win with a clear majority. Funds that make use of shorting to make money from drops in the market could do well in this situation so switching to them is one option, as is buying non-UK funds. Withdrawing UK money is a conservative, cautious thing to be doing at the moment and since you want the money soon anyway has strong arguments in its favour.

smitht3

Thanks for that! I know it may only be pounds but it all counts.

Just need to decide if i wait till before/after the April 5th ISA deadline day before moving from Investment to Cash ISA (to keep it safe).

Its invested by the bank...
morningstar
uk/snapshot/snapshot.aspx?id=F0GBR04HON&lang=en-GB

jamesd

Not sure I'd bother to keep Santander Multimanager Balanced Retail Acc open any longer. You get the election uncertainty risk without any strong reason for it to go up instead of down. Better to eliminate the risk IMO.

Do remember that you can't do an ISA transfer from S&S ISA to cash ISA. If you put the money into a cash ISA it'll count against your cash ISA subscription limit for the tax year in which you do it.