S&S ISA

BigSpenderLittleSpender

If you had a substantial amount in a cash ISA would you move it to a S&S ISA?

Alexland

It really depends on your circumstances. If you don't need access to the money for at least the next 5-7 years to ride out market volatility then a sensible S&S investment is likely to be more suitable than hoarding cash which just loses spending power to inflation but then some cash is useful in emergencies and for any large spends that might occur in the next few years.

dunstonh

If you had a substantial amount in a cash ISA would you move it to a S&S ISA?

Probably not as the pension tax wrapper would be more suitable for me.   

Albermarle

BigSpenderLittleSpender said:

If you had a substantial amount in a cash ISA would you move it to a S&S ISA?

It would depend on
how old I was 
Was I employed and at what sort of salary level
Partner , children etc 
Mortgage situation
Pensions situation 
Risk tolerance
Other savings /investments 
etc

Keep_pedalling

Yes, all or cash ISAs went into S&S ISAs around 10 years ago, With the poor interest you get on them they are currently not worth having.

BigSpenderLittleSpender

Keep_pedalling said:

Yes, all or cash ISAs went into S&S ISAs around 10 years ago, With the poor interest you get on them they are currently not worth having.

That was my thinking.

eskbanker

BigSpenderLittleSpender said:

Keep_pedalling said:

Yes, all or cash ISAs went into S&S ISAs around 10 years ago, With the poor interest you get on them they are currently not worth having.

That was my thinking.

But weak interest rates aren't a particularly good rationale for moving (potentially significantly) up the risk scale - you should evaluate whether doing so is compatible with your risk tolerance and your financial objectives, rather than being driven by rates as such....

Keep_pedalling

eskbanker said:

BigSpenderLittleSpender said:

Keep_pedalling said:

Yes, all or cash ISAs went into S&S ISAs around 10 years ago, With the poor interest you get on them they are currently not worth having.

That was my thinking.

But weak interest rates aren't a particularly good rationale for moving (potentially significantly) up the risk scale - you should evaluate whether doing so is compatible with your risk tolerance and your financial objectives, rather than being driven by rates as such....

True, but for cash holdings ISA interest rate are significantly lower than rates outside ISAs so any tax advantage is wiped out for the vast majority of savers.

eskbanker

Keep_pedalling said:

eskbanker said:

BigSpenderLittleSpender said:

Keep_pedalling said:

Yes, all or cash ISAs went into S&S ISAs around 10 years ago, With the poor interest you get on them they are currently not worth having.

That was my thinking.

But weak interest rates aren't a particularly good rationale for moving (potentially significantly) up the risk scale - you should evaluate whether doing so is compatible with your risk tolerance and your financial objectives, rather than being driven by rates as such....

True, but for cash holdings ISA interest rate are significantly lower than rates outside ISAs so any tax advantage is wiped out for the vast majority of savers.

Agreed, my comment was in the context of OP's plan to shift from cash ISA to S&S ISA, but yes, it's usually possible to earn more from taxable cash accounts than cash ISAs, so that's another alternative for those getting twitchy about cash ISA interest rates, which doesn't involve changing risk profile.