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Stocks n Shares ISA

mini-x2 said:
Just gotta try and keep a lumper ready to pounce when it does happen if you've got it.
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I kept about 3200 ready for the usual September dip but never occurred. The last few dips bounce back before any of my buys would have cleared so still sitting tight.

Do you know if I could put the money in a flexible cash isa, then take it out and put it in s&s isa or is the flexible part only for that account?
 

My work share scheme is maturing this week and it’s gonna be a decent lumper (by my standards). I want to cash in as I don’t want to keep too much money in a single stock. Not sure whether to chuck most the money in a savings account and wait for the market to drop or maybe lump in a cautious fund then transfer into the riskier one after the market falls?
 
32nd of December said:
I kept about 3200 ready for the usual September dip but never occurred. The last few dips bounce back before any of my buys would have cleared so still sitting tight.

Do you know if I could put the money in a flexible cash isa, then take it out and put it in s&s isa or is the flexible part only for that account?
Click to expand...

You never used to be able to do it, but ive seen a suggestion that you now can but may depend on provider etc. However, s&s isa will have a cash holding account within it (or could use money market funds) which will be best as it'll avoid any confusion on what you can & cant do.
 
42 said:
You never used to be able to do it, but ive seen a suggestion that you now can but may depend on provider etc. However, s&s isa will have a cash holding account within it (or could use money market funds) which will be best as it'll avoid any confusion on what you can & cant do.
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T212 is paying over 4% for uninvested funds in their SS ISA, decent option.
 
32nd of December said:
I kept about 3200 ready for the usual September dip but never occurred. The last few dips bounce back before any of my buys would have cleared so still sitting tight.

Do you know if I could put the money in a flexible cash isa, then take it out and put it in s&s isa or is the flexible part only for that account?
Click to expand...
Off the top of my head I think you can take cash out of a flexible ISA and put it back in but you can't do the same with a S&S ISA (but you can take money out). Either way you can't exceed your 20 grand total allowance. I'm sure if I'm wrong, someone will correct me.
 
mini-x2 said:
Off the top of my head I think you can take cash out of a flexible ISA and put it back in but you can't do the same with a S&S ISA (but you can take money out). Either way you can't exceed your 20 grand total allowance. I'm sure if I'm wrong, someone will correct me.
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My s&s isa is flexible, however the issue is say you start with £20k allowance & youve got a few isas. So you take £1000 out of 1 isa & put it in another without doing an isa transfer. Is your allowance still £20k across the 2 or is it £19k in the one you deposited into, but have the extra £1k for the one youve withdrawn from that you can still replace. It was always the latter, but apparently theres some ambiguous text in government guidelines that suggests it now could be the former.
 
Fletch said:
That’s good mind , if you move any of the vanguard S&S isa into cash it only gets 1.9%. Where as a cash isa should get you over 4%
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You could put the cash into a Money Market Fund within the S&S ISA and get around 4% or more. Would take a couple of days to liquidate if you wanted the cash to buy shares on a dip though.
 
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