How do you manage your stock alerts?

Huggy_Beard

Notepad_Phil said:

Huggy_Beard said:

Can anyone tell me - I've never reallocated the funds within my ISA products before, and there is a CASH option in there. I'm kind of assuming that I can reallocate the funds to CASH if I just want to stop having my money invested in the other funds - is that right?

 If I move things to cash, will I be penalized for this - either taxed on it, or have it count against my ISA allowance for the year if I move it back, or have the company I'm investing with charge me for moving the money?

You've not mentioned which platform you are with, but with the platforms I know then you would just sell the funds and they will go to cash. You then keep them in cash until you want to buy some new funds, and as long as you keep the cash in the ISA then it's fine and it won't count against your ISA allowance even if you wait till the next tax year before buying anything new.

It's unlikely that there would be any penalties for holding cash (though the platform is very unlikely to give you any interest and they may actually still charge you the platform fee on the cash position).

Thanks Phil - Old Mutual Wealth. That helps me know what to check for in the t's and c's!