Opening a stocks and shares ISA
in ISAs & Tax-free Savings
9 replies 339 views
HI all..not been on for a while but have a few questions about Stocks and Shares ISAs that are causing me a few headaches.
I currently have £106k in Ford Money cash isa that is locked up until May 2021..I transfered it all previously from a Coventry BS cash ISA but did not add to it so still have 20k allowance for this current tax year...so if I open up say a Freetrade s and s ISA tomorrow and fund it with say £5k of the £20k will I be able to transfer across the total £106 k cash ISA in May to this Freetrade ISA or will I have to open another Freetrade s and s ISA for the year 2021/22 to enable me to move it across?.
I picked Freetrade as it says it is only £3 a month to run these ISA's as opposed to 0.37% of your total investments say with Vanguard Lifestrategy 60 (which I was originally considering )but which would cost me around £400 a year in costs.
I have looked at a few youtube vids about opening Freetrade accounts but as a novice in the stocks and shares isa field want to know if this is possible.
Also is there a similar vehicle as the Vanguard Lifetrategy 60 available on
Freetrade??..I see that Vanguard has 29 listed stocks and etfs on Freetrade that you can put isa money into but should I be looking at something else to invest such a big sum (it is for me)into.
As I say all this is new ground for me so go easy..thanks
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