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Deposit Vs Investment via Shares and Stocks ISA
infoexchange
Posts: 7 Forumite
I have an S&S ISA. A couple of questions, please.
1.If I deposit funds in the ISA account, do I need invest them for them to be accounted as ISA contribution. For example, I deposit 10K and only invest 5K, have I used 10K of my yearly allowance or 5K?
2. If I invest via ISA in the year 20/21 allowance and sell the stocks in future (after April 2021 but before April 2022). Will it impact the yearly saving allowance for the year 21/22.
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Comments
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The annual allowance relates to contributions of new money into the ISA, so what you do with it once within the ISA makes no difference.infoexchange said:1.If I deposit funds in the ISA account, do I need invest them for them to be accounted as ISA contribution.
£10K.infoexchange said:For example, I deposit 10K and only invest 5K, have I used 10K of my yearly allowance or 5K?
No.infoexchange said:2. If I invest via ISA in the year 20/21 allowance and sell the stocks in future (after April 2021 but before April 2022). Will it impact the yearly saving allowance for the year 21/22.0 -
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