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Maxi ISA trading allowed *after* April 5th?
Monty_Burns_3
Posts: 3 Newbie
Hi All
I have tried googling and reading this forum already without any luck.
I currently have a Maxi ISA with TD waterhouse. I understand the deadline that is coming up, however most people / sites seem to say you must *invest* by this deadline, rather than *fund* by the deadline.
So presuming I have funded the full 7000 in my ISA by the deadline, can I can still trade (both buying and selling) after the deadline using the money in the ISA?
I have tried googling and reading this forum already without any luck.
I currently have a Maxi ISA with TD waterhouse. I understand the deadline that is coming up, however most people / sites seem to say you must *invest* by this deadline, rather than *fund* by the deadline.
So presuming I have funded the full 7000 in my ISA by the deadline, can I can still trade (both buying and selling) after the deadline using the money in the ISA?
0
Comments
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Yes you can. That's the whole point of a S&S ISA. You are not stuck with your original choice.0
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You can trade as often as you like within the ISA and it has no impact on any tax, contribution limits or anything. The only rule with the ISA that is of concern here is when you can put new money into the ISA. Currently £7000 per tax year (increasing next tax year).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
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