We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Managing ISAs
Options
KayOnline
Posts: 2 Newbie
Hi everyone,
First time posting on this forum but have benefitted hugely from the advice I've read so far!
A question on managing S&S ISAs on different platforms.
For context: I opened and paid into ISA 1 with one platform in the previous tax year. I opened and have been paying into ISA 2 with a different platform in this current tax year.
I understand that you can only pay money into 1 S&S ISA per tax year. Provided that I do not contribute any new money to ISA 1, am I entitled to sell and buy new holdings in ISA 1 without losing any tax benefits while continuing to contribute to (and buy holdings in) ISA 2 during this tax year?
Hopefully, that's clear!
Thanks
First time posting on this forum but have benefitted hugely from the advice I've read so far!
A question on managing S&S ISAs on different platforms.
For context: I opened and paid into ISA 1 with one platform in the previous tax year. I opened and have been paying into ISA 2 with a different platform in this current tax year.
I understand that you can only pay money into 1 S&S ISA per tax year. Provided that I do not contribute any new money to ISA 1, am I entitled to sell and buy new holdings in ISA 1 without losing any tax benefits while continuing to contribute to (and buy holdings in) ISA 2 during this tax year?
Hopefully, that's clear!
Thanks
0
Comments
-
Yes.0
-
Your understanding is correct.
"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Thank you, both!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards