Post by investor1925 on Dec 7, 2017 15:20:31 GMT
I've invested in an IFISA for the first time in F/Y 2017/18 using the FS platform.
As the investments are all manual, I'll not have invested the full £20k this year, as I've been drip feeding it in as the loans have appeared, (and re-investing the returns).
I'll probably invest my ISA allowance in a different platform next year, which leads me to a question which I hope I already have the answer to.
Come the and of March, I could transfer the remainder of my 2017/18 ISA allowance into my FS IFISA account & although it will be sat there, un-invested, by the 6th of April, is it, as far as HMRC are concerned, part of my 2017/18 ISA allowance.
Could I then open a new IFISA account with another platform after 6th April 2018, deposit up to £20k there in 2018/19, and yet still invest the remaining cash in my FS IFISA account during 2018/19.
My though is that I can as it will have been locked into the FS IFISA account before 5th April 2018, although it will not be earning any interest at the time.
Any tax experts, please feel free to comment.
As the investments are all manual, I'll not have invested the full £20k this year, as I've been drip feeding it in as the loans have appeared, (and re-investing the returns).
I'll probably invest my ISA allowance in a different platform next year, which leads me to a question which I hope I already have the answer to.
Come the and of March, I could transfer the remainder of my 2017/18 ISA allowance into my FS IFISA account & although it will be sat there, un-invested, by the 6th of April, is it, as far as HMRC are concerned, part of my 2017/18 ISA allowance.
Could I then open a new IFISA account with another platform after 6th April 2018, deposit up to £20k there in 2018/19, and yet still invest the remaining cash in my FS IFISA account during 2018/19.
My though is that I can as it will have been locked into the FS IFISA account before 5th April 2018, although it will not be earning any interest at the time.
Any tax experts, please feel free to comment.
