RE: Just a punt16 Jan 2021 13:12
Daz hi,
Another thing you can do, but maybe not just yet as we are awaiting the news.
1. The first thing you must do is contact your broker and open a ISA share trading account !!!!!!! No cost involved.
2. When your ISA account is open pick a day when the SP is good / high and sell the lot, then you will have the cash in your trading account.
3. Transfer the Cash from your trading account into your new "ISA share trading account" ( NOT a cash ISA account ) and do not put anymore cash into the trading account.
4. Seeing the amount you have invested is not great at the moment you will not incur any capital gains or tax as the amount will not any.
5. This may take a day or two for the ISA account to settle. Once it has you can trade away and not have to worry about any tax.
6. You can invest up to £20 per tax year into your ISA so you can still invest another £18k this Tax year. If you have a spare amount you can add that after 6th April the 2021/2022 new tax year.
It is your decision when you decide to make the transfer but wait for a few weeks until the News has settled before you do anything. This is a suggestion only and not financial advice and I did this when I started my ISA account.
Good luck
ATB
Tom:-)))