need to release 10k

daniel80

In a couple of weeks I might need to find 10k. We both have investment portfolios but this needs to come from mine due to charges. Briefly I have about 20k in National Grid shares, 43k in various funds split between 7 funds and 20k in cash isas. My head tells me to cash some ng shares but when I think about the dividends [approx £900 a year] I lean towards the cash isas [all between 3and 4%]. What would people do in my position.

Rob_192

Are the NG shares in an Isa? If not, why not sell 10k worth of these shares. Then transfer half of your cash isa money into a S&S Isa and buy NG shares within the S&S Isa.

daniel80

Thanks for your reply Rob
That makes good sense, the shares are not held in an isa they were bought through share save schemes when I worked for the company. I had not put them in an Isa before because I did not think these would incur CGTax. I think you have a good point as to transfer some of the cash isas into s&s isas, not much return on cash isas.

Vortigern

daniel80 wrote: »

Briefly I have about 20k in National Grid shares, 43k in various funds split between 7 funds and 20k in cash isas.

Its probably unwise to have nearly 25% of your investments in the shares of a single company, especially a former employer which is probably responsible for your pension too. Consider what could happen if NG falls on hard times. Reduce exposure. Sell NG.