Novice ISA question

parking_question_chap

I am thinking of setting up a stocks and shares ISA sometime. Whilst I would be nowhere near the top end limit I do have a theoretical question.

If you invest the £20k limit in a company and it increases in value, can you then sell the shares and reinvest all the money in other shares? Even if the original investment gets sold for over £20k?

ColdIron

Yes      

dunstonh

The annual ISA allowance is a contribution allowance.  Not a value limit. There is no wealth tax applied to ISAs.   T

parking_question_chap

Thanks

Albermarle

Although as a separate issue , investing directly into individual shares is normally not recommended as it is too risky.
Investment in funds that contain a mixture of many different shares or a mix of shares and other investments are usually the way to go for most people.