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ISA question
Ray-von
Posts: 8 Forumite
Please can you tell me in my Share Isa are my able to move out and into different regions without impacting this years ISA limits
for example if i have invested the Max for this tax year can i move out of Fidelity Special Situations into Fidelity Japan given it involves selling and buying units
for example if i have invested the Max for this tax year can i move out of Fidelity Special Situations into Fidelity Japan given it involves selling and buying units
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Comments
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Investments within a stocks and shares ISA can be sold and purchased without limit, other than those limits of the ISA providers offerings. So if your ISA provider will purchase the Fidelity Japan product, you can sell anything you own in the ISA to purchase units.
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Big Thanks Steve
Out of the ISA it would be called a switch so if i have already invested 20k this year and i do a switch
does the result of the switch stay in my Isa portfolio and not liable to future capital gains
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Any gains in an ISA are tax free, that is the whole point of them.Ray-von said:Big Thanks Steve
Out of the ISA it would be called a switch so if i have already invested 20k this year and i do a switch
does the result of the switch stay in my Isa portfolio and not liable to future capital gains
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Just treat it like what's in your S&S ISA is ringfenced from tax. So you can go in and out of funds, buy and sell shares, ETF's, Investment trusts as you like and as long as it's in the ISA wrapper, you are fine.Yeah, cheers but nah, I will stick with yes, thank you and no.
Thank you.0 -
Ray-von said:Big Thanks Steve
Out of the ISA it would be called a switch so if i have already invested 20k this year and i do a switch
does the result of the switch stay in my Isa portfolio and not liable to future capital gains
Yes, the ISA should be flexible and allow you to choose your investments, change your mind as often as you like
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Just a word of caution on that - the term 'flexible' has a very specific meaning in the context of ISAs, signifying only those where money can be withdrawn from the ISA wrapper and replaced without counting towards contribution allowances. OP doesn't appear to need that sort of flexibility so doesn't require a 'flexible ISA' in the defined sense, i.e. any ISA should allow them to change their investments from one fund to another....Steve_666_ said:
Yes, the ISA should be flexible and allow you to choose your investments, change your mind as often as you likeRay-von said:Big Thanks Steve
Out of the ISA it would be called a switch so if i have already invested 20k this year and i do a switch
does the result of the switch stay in my Isa portfolio and not liable to future capital gains
https://www.moneysavingexpert.com/savings/flexible-isas/
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