blueblazer
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Post by blueblazer on May 2, 2019 8:45:06 GMT
This is the rule that really annoys me. If I have 20K in cash (fresh money) and I put say 1K into Ablrate then I cannot put anything into another IFISA until next tax year.
I am limited to Ablrate or cash / stocks and shares isas. Good for Ablrate but not so good for me if I want to spread the risk around different IFISAS.
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Post by bracknellboy on May 2, 2019 8:55:06 GMT
This is the rule that really annoys me. If I have 20K in cash (fresh money) and I put say 1K into Ablrate then I cannot put anything into another IFISA until next tax year.
I am limited to Ablrate or cash / stocks and shares isas. Good for Ablrate but not so good for me if I want to spread the risk around different IFISAS.
Ummm. But presumably you have been sensible and utilised previous years tax free xISA allowance
Assuming you have, why wouldn't you open x number of IFISA across your chosen platform, NOT put in any of this years subscription, and instead transfer from prior years xISAs ??
Then open a 2019 subscription year xISA to 'backfill'.
For example: You could take say a 20k 2018 Cash ISA, transfer 5k into 4 different IFISAs, and open up a 2019 cash ISA as the backfill. (of course if it is cash isas that you have, and they are locked into long term, more difficult). Still, if its S&S ISAs that you have, you are in effect bed and breakfasting, but yes you will have a small transactional cost due to selling out of one.
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corto
Member of DD Central
one-syllabistic
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Post by corto on May 2, 2019 11:18:39 GMT
Stocks and shares ISAs are an option, too. It's not all dangerous in that area
You may also want to have a look into SIPPs
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