Reallocating profit in a S&S ISA

buyhighselllow

using loose example here to understand principle

This financial year

 I have put 12 K in a cash ISA

I have put 6K in a stocks and SHARES isa,scattered around a selection of tracking  funds and  a Money fund to hold in prior to investing.  I invest into these most financial years within the same S&S isa provider

However, I wish to take some profit from trackers  and hold it in the money fund. What are the restrictions in this case of what I can withdraw before April from the trackers  and allocate to the money fund ? 

jimjames

buyhighselllow said:

using loose example here to understand principle

This financial year

 I have put 12 K in a cash ISA

I have put 6K in a stocks and SHARES isa,scattered around a selection of tracking  funds and  a Money fund to hold in prior to investing.  I invest into these most financial years within the same S&S isa provider

However, I wish to take some profit from trackers  and hold it in the money fund. What are the restrictions in this case of what I can withdraw before April from the trackers  and allocate to the money fund ? 

There is no restriction on what you can take out from any fund inside an ISA and there is nothing that links that to April or any other date. You can buy or sell whenever you want which is the whole point of a S&S ISA. The only date related restriction is the amount you can pay in per financial year. The issue is if you actually WITHDRAW as your post states as you are then outside the ISA wrapper and lose the tax free status. 

wmb194

buyhighselllow said:

using loose example here to understand principle

This financial year

 I have put 12 K in a cash ISA

I have put 6K in a stocks and SHARES isa,scattered around a selection of tracking  funds and  a Money fund to hold in prior to investing.  I invest into these most financial years within the same S&S isa provider

However, I wish to take some profit from trackers  and hold it in the money fund. What are the restrictions in this case of what I can withdraw before April from the trackers  and allocate to the money fund ? 

As things stand there are no restrictions. 

If you’re under 65, from April 2027 there may be but you’d likely still be able to hold cash for a time but not MMFs.

buyhighselllow

Thanks both, I see now ,it has to be thus really.