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DIY S&S Isa: for regular income?
Comments
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Where you have ISA and unwrapped investments you should draw against the unwrapped before the ISA.
It took me a while to suss this, and my retirement mathematical model still shows drawdown from ISAs and unwrapped, but I decided to leave it like this.
Why?
Because money is fungible. If I have £5k of income in my ISA, then taking that £5k from my unwrapped investments instead makes no difference to the money I have but does affect how much of it is still hidden from the tax man.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
All understood, thanks.0
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