Stocks & Shares IAS??

aadd

Hi, i currently have some money in an isa that has expired so its ready to transfer to another isa. But I'm also interested in buying some shares in few companies I've been researching. I was going to use an online broker to do so, meaning i would take some money out of the expired isa, then transfer the rest.

Can i buy company shares through a stocks and shares isa? If i can how dose this work, are you locked in for a certain period, or can i buy then sell the shares when ever you want, like you can if they weren't locked into and isa.
Thanks

planteria

you certainly can, and you are not locked in.

i wouldnt use my ISA allowance for cash, as the returns are so low.. accepting that i am investing for the long term.

aadd

Ok so for example if i buy 3k worth of shares in different companys through a stocks and share isa, it has the tax benefits because it is Isa wrapped. Now say if after a month i decide to sell some shares, maybe they went up, dose this money now leave the Isa and now know longer has the isa tax benefits? Is it only the initial investment that counts toward the £11,520 limit? and not any profit that made of the shares?

Chris2000

No you can trade between funds, shares, cash etc. within an ISA. Depending on what investments the ISA manager allows.

It only leaves the ISA wrapper if you specifically ask for that ie. transfer cash out of the ISA and back to your bank account.

Archi_Bald

If you sell any of the investments in your ISA, cash gets returned into the ISA for re-investment, if you so choose. Sales proceeds do not count towards your annual limit. Similarly, any withdrawals do not alter your annual limit. The limit is entirely for deposits of new money.

On a slightly different note: trading shares with just £11,520 or less is a very high risk strategy, and the trading fees could add up to prohibitive levels. This may be acceptable to you, but if you are looking for a less risky and costly approach, investing in one or two is a very good alternative.

aadd

ok so you can sell the shares and reinvest with in the isa as much as you like through out the year and any profits if you sell some will stay in an isa account if its not invested ? Can you make as many trades with multiple companys through out the year or is there a limit.
thanks

Nick_C

No limit to how many times you can buy and sell shares within an ISA wrapper. Its just like any other share dealing account. The only limit is the amount you can put into the account each year. You will still have to pay brokerage fees on transactions, and stamp duty on most purchases. The advantages are no Capital Gains Tax, and no additional tax on dividends if you are a higher rate tax payer.

aadd

thanks for your help, can you recommend any stocks and shares Isa, im looking for one with a good easy to use website to do trades and dont want to be paying massive fees ect. Im only intresting in shares not investing in investment trusts and funds

thanks

Archi_Bald

http://monevator.com/compare-uk-cheapest-online-brokers/

https://forums.moneysavingexpert.com/discussion/3153942