Deferring S&S Isa and multiple cash ISAs..Thoughts ?

buyhighselllow

As this will be the last year I can put full the full £20 K into cash ISA's, I am considering this…

I normally drip feed into a S&S ISA monthly about £250, plus a few adhoc buys, leaving me £15K to put into Cash. However , this year I am considering drip feeding outside of the ISA wrapper and using up my full £20K allowance in cash, then switching what I have drip fed into S&S into an ISA wrapper next year…Make sense ?

Also I usually just pick a Cash ISA provider at the start of the financial year and put the bulk of what I anticpate I will add that year early on. As I think rates may creep up through the year , could I open successive cash ISAs in tranches of £5K with different providers as long as I don't exceed my £20K ?

TIA

Angelica123

I am not sure there's much benefit in doing this.

What are your goals with regards to cash Vs S&S? How much cash do you want saved in a cash ISA over next few years? How much do you want in a S&S ISA. Do you have much in either cash or S&S that isn't within the ISA umbrella.

Albermarle

Also I usually just pick a Cash ISA provider at the start of the financial year and put the bulk of what I anticpate I will add that year early on. As I think rates may creep up through the year , could I open successive cash ISAs in tranches of £5K with different providers as long as I don't exceed my £20K ?

No problem with that. Some providers allow you to open multiple new ISAs with new money with them, as an alternative to using different providers.