ISA Rules Question

masonic

Marknet said:

currently Cash rates now offer good value, without risk, at levels not seen for a long time so I have already started to transfer the weaker performing funds into Cash ISAs to take advantage of the rates today.

Good value? Cash savings haven't lost value to inflation this quickly for decades. You'll need close to a 20% return to get back to the spending power you would have had a couple of years ago. Cash isn't going to catch up its real term losses in the coming years. 

The only hope of beating inflation over the long term is via risk assets. Well, that's not quite true, you can now do it using index linked gilts.

Marknet

dunstonh said:

I wasn't really looking for advice on the pros and cons of S&S vs Cash ISAs.

But it appears you don't really understand it.   Hence why the comments are being made.

n regard to S&S ISAs (even ex PEPs) I have several, dating from the mid 90's to 2022 across different providers, and have a record of the quarterly performance for each throughout their lifetimes.

An economic cycle is around 15 years.  Quarterly returns are pointless.

S&S has historically outperformed Cash deposits, which is why I have remained invested. But times have changed and currently Cash rates now offer good value, without risk, 

For the defensive part of your portfolio, that would be the case but for the equity part, it doesn't make sense.

Dunstunh :

I'm not sure on what basis you draw that conclusion, but I assure you I do understand perfectly well. In regard  to your second point, it wasn't the quarterly returns I was referring to it was the full ISA fund valuations, which is a very good way of determining which are performing well or not so well over a number of years.

With respect, you don't know my financial situation, you don't know the scope or structure of my investments nor even what my timescales I have in mind are for any part of it and therefore seem to be making various assumptions. Your comments are off topic, are your views and not relevant to the questions I'd asked.

The question I was asking was for clarity on how previous years ISAs were handled if transferred, which has been answered and I suggest this topic is now closed.