Shares ISA - Must it be fully invested?

whizzergo

Evening All,

I'm hoping to setup a new Shares ISA before the tax deadline to take advantage of this years allowance. However, I don't currently have any definitive plans on how I would like to invest my allowance.

Would it be possible to create the ISA and move money into it with a view to actively investing the money at a later date? Or must all the ISA fund be actively invested?

Lokolo

The ISA needs to be funded, no investments need to be decided.

Nikel

I think interest on cash in a S&S ISA is subject to a 20% charge.

Edit
http://www.learnmoney.co.uk/isa/25-is-cash-interest-taxable-in-isas.html

Edit again.
The answer is yes, you can fund it and decide later how to invest it. But avoid keeping a large cash balance for a long time, the account provider may decide to return the cash to you.