my net worth how to divide it

Yorkie1

If you want to park some of your cash to reduce the tax paid on interest, you could consider premium bonds. But the return is unpredictable - albeit tax free.

olb81

Never appealed to me premium.bonds but I get the tax break.

So I only recently opened a nationwide cash isa with 20k.

Either leave it there as emergency fund and on Monday open a new s and s isa with say fidelity.

Or open a s and s isa now and transfer so i can end up with two s and s isas ?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81947001#Comment_81947001

Why do you need two S&S Isas? You could transfer your Nationwide Isa to the Fidelity S&S Isa and also deposit £20k in the Fidelity S&S Isa in the 26/27 tax year.

olb81

thats what i mean two isa's totalling 40k

both s and s rather than any cash

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81947468#Comment_81947468

Why two? You can have just one S&S Isa with £40k+ in it.

olb81

oh i didnt realise that x so if i open one next tax year with fidelity i can deposit 20k in there and also move my nationwide one in there too?

olb81

so my entire wealth is about 215k

35k currently in pension not accessible until at least age 57 right ?

its what to do with the 180k i have available to me

flopsy1973

https://forums.moneysavingexpert.com/discussion/comment/81944590#Comment_81944590

Sent you message

Linton

https://forums.moneysavingexpert.com/discussion/comment/81947643#Comment_81947643

Yes, transferring an existing ISA is different to adding new money.