S&S ISA to Cash ISA?

RockyBalboa_2

Hi

I currently have a S&S ISA, which I have had for 4/5 years, and am now conscious that I should probably do something with it to make the most out of it. So here some the questions as I am so confused and not financially savvy at all!...

Can I transfer it to a Cash ISA? And if so should I do this? Or should I transfer it to another S&S ISA? Or should I just leave it? Or should I split it?

Thanks

jem16

RockyBalboa wrote: »

Can I transfer it to a Cash ISA?

No you can't. You are allowed to transfer from a Cash ISA to S&S ISA but not the other way.

Or should I transfer it to another S&S ISA? Or should I just leave it? Or should I split it?

Thanks

The answers to these questions depends on where it is now, what it's invested in now, what its value is now and what your objectives are for this investment.

RockyBalboa_2

jem16 wrote: »

No you can't. You are allowed to transfer from a Cash ISA to S&S ISA but not the other way.

Ok, thanks. Is it worth withdrawing the ISA and opening a new Cash ISA?

jem16 wrote: »

The answers to these questions depends on where it is now, what it's invested in now, what its value is now and what your objectives are for this investment.

It is currently with Natwesst Investments Options ISA (from what I understand with my very limited knowledge and looking at my statements, Natwest invest it in Equities, Bonds, Cash & Equivalents (?), Gilts, Property - I may be completely wrong!) It's current value is £8209.14. I invested £7200.00 in 2008. I may use it in the future towards investing in a home (deposit).

Many thanks

jem16

RockyBalboa wrote: »

It is currently with Natwesst Investments Options ISA

If you keep it there will be better options than a bank investment.

I may use it in the future towards investing in a home (deposit).

Many thanks

If you intend buying a home in the next 2/3 years you may well be better off in cash.

RockyBalboa_2

Thanks very much for your advice