Last minute SAS - too late?

funkyd_2

I've only recently begun to learn about S&S ISAs and with a friend came up with the following:

HSBC FTSE 250 Index Retail Acc
HSBC FTSE 100 Index Retail Acc
HSBC FTSE All Share Index Retail Acc

Smaller UK companies
Something US
Something India/China

So, 6 funds, three of which yet to be determined.

Given the end of the tax year is almost upon us, is it too late given that you shouldn't really drop in lump sums?

I could go say £600 into each tracker for now (but then the FTSE has risen a lot over the last 7 months or so) and go back to the other funds once I've worked out which ones I want.

On the otherhand I could sort out the funds and wait for a better time to enter the FTSE funds but again still be faced with putting in a lump sum.

So, bottom line, is it too late? Is one strategy better than the other or does it just depend on what risks I am willing to accept?

Is £600 really considered a lump sum or does it really refer to much large amounts e.g. £10k+ ?

Many thanks

blueberrypie

Are you using a service such as Hargreaves Lansdowne or iii? You can transfer the cash into those and choose the funds later. There's no need to rush the decisions on the funds. As long as the cash reaches them before the end of the tax year, it will come from your 09/10 allowance.

funkyd_2

blueberrypie wrote: »

Are you using a service such as Hargreaves Lansdowne or iii? You can transfer the cash into those and choose the funds later. There's no need to rush the decisions on the funds. As long as the cash reaches them before the end of the tax year, it will come from your 09/10 allowance.

Yes - Hargreaves. Is that the case even if I've already invested fully in my cash allowance? If so then happy days!

david78

funkyd wrote: »

Is that the case even if I've already invested fully in my cash allowance?

Yes. You can keep "cash" in a stocks and share ISA indefinitely while you decide where to invest it. You can therefore put the cash in now and invest it gradually next year. The only problem though is the interest on cash in S&S ISA is not high, so the money won't be doing anything while its sitting in the account.

The cash in your S&S ISA is separate from any cash ISA you might have contributed to.