RE: Move of Holdings into Tax Efficient Scheme - LK4 Feb 2021 14:40
Tbh, I didn't understand the question, but if it was can I put 5k into my ISA, assuming that the 5K is within my 20K pa allowance, buy 5k worth of shares with it, and bank any profits to any zillion level.
If, however, the question was, can I take 5k profits made outside of the ISA, put them in the ISA and therefore escape the capital gains I have just made (outside of the wrapper), then no.
Any please no bother speaking with an accountant over something so straightforward - all of the info is provided on govt.uk.
The other thing that needs correcting is your 87p. This a fabled target, that the Viking Gods used to discuss and jest over in the Court of Odin many many moons ago when bpc hadn't been diluted to b***ary. I think King's Laalee shout of 12p as he makes his way to Valhalla is more realistic (though never, ever, ever, underestimate the goats that will be sacrificed on the altar of Odin that shall occur on the immediate days following a result).