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ISA Allowance Previous Years
Peter.Siffredi
Posts: 18 Forumite
Hello,
I setup a stocks and shares ISA with HL a few years ago and I've recently sold the main fund in the account. Am I right in thinking that I can re-invest the money in the stocks and shares ISA without impacting this or next year's ISA allowance?
I setup a stocks and shares ISA with HL a few years ago and I've recently sold the main fund in the account. Am I right in thinking that I can re-invest the money in the stocks and shares ISA without impacting this or next year's ISA allowance?
0
Comments
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Yes you're right - so long as the proceeds from the fund sale never leave the ISA account.
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What did you do with the proceeds of the sale?Peter.Siffredi said:Hello,
I setup a stocks and shares ISA with HL a few years ago and I've recently sold the main fund in the account. Am I right in thinking that I can re-invest the money in the stocks and shares ISA without impacting this or next year's ISA allowance?1 -
Hi,
Yes, the money is still in the HL stocks and shares ISA.1 -
In that case, you leave the cash there until you decide to re-invest in your chosen share/fund which you should do while still within the ISA account.
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