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S&S Isas and the £85k FSCS Limit
Sobeboy15
Posts: 55 Forumite
I currently have a S & S Isa and the value of them exceeds £85k there is no cash in the account I just have Shares. Should I be managing this to ensure it doesn't exceed £85k and have numerous accounts? It's currently with AJ Bell.
Many Thanks
Many Thanks
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Comments
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You might find this discussion interesting:
https://forums.moneysavingexpert.com/discussion/6512217/how-much-do-you-keep-on-any-single-platform/p1
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Near duplicate question asked earlier in the pensions forum with the answer that applies equally to S&S ISAs.Sobeboy15 said:I currently have a S & S Isa and the value of them exceeds £85k there is no cash in the account I just have Shares. Should I be managing this to ensure it doesn't exceed £85k and have numerous accounts? It's currently with AJ Bell.
Many Thanks
https://forums.moneysavingexpert.com/discussion/6518757/split-sipp-across-multiple-banking-groups#latest
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
No need to worry about the £85k limit for S&S ISAs, as explained in the posts others have linked to.Sobeboy15 said:I currently have a S & S Isa and the value of them exceeds £85k there is no cash in the account I just have Shares. Should I be managing this to ensure it doesn't exceed £85k and have numerous accounts? It's currently with AJ Bell.
Many Thanks0
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