Jump to content

Smart Portfolio - withdraw to cash but leave in ISA wrapper


Recommended Posts

Not sure if this is the right place but I think so.

I am wondering if it is possible with an ISA SmartPortfolio to withdraw from the market but leave the cash in the ISA wrapper so it may be re-invested at a subsequent date without losing the tax benefit.

If there is a more suitable forum for this please let me know. And if it is possible, how do you effect this on the interface?

Thanks

Link to comment

Hi - I've just spoken to our trading services team and they've confirmed that a 'withdrawal' would actually just withdraw from the market the value you have specified. Once the ETF's have settled the cash remain ring fenced for you to either reinvest at a later date and/or to withdraw to an alternative ISA. Both of these processes should remain within the ISA wrapper. 

  • Thanks 1
Link to comment
On 08/10/2018 at 12:34, JamesIG said:

Hi - I've just spoken to our trading services team and they've confirmed that a 'withdrawal' would actually just withdraw from the market the value you have specified. Once the ETF's have settled the cash remain ring fenced for you to either reinvest at a later date and/or to withdraw to an alternative ISA. Both of these processes should remain within the ISA wrapper. 

Thanks, I got a bit curious and withdrew a small amount from the actual portfolio. It is now sitting in there as cash. My final question - how in the user interface do I set this cash to be invested back into the portfolio?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,086
    • Total Posts
      92,935
    • Total Members
      42,475
    • Most Online
      7,522
      10/06/21 18:53

    Newest Member
    IPS Temp Admin
    Joined 06/10/22 23:40
  • Posts

    • Commodity Markets: Forex, Bonds, US Gold, Silver, Iron Ore,Copper Lithium,Nickel, Crude Oil, Natural Gas. Elliott Wave   Commodities Market Summary: The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections.   Trading Strategies: No strategies as markets are in small corrective patterns.   Video Chapters 00:00 US Gov Bonds 10 Yr Yields 00:44 US Dollar Index DXY USDJPY, EURUSD, AUDUSD 05:50 US Spot Gold / GDX ETF 08:41 US Spot Silver 11:20 US Copper / Lithium / Nickel / Iron Ore 19:01 Crude Oil 21:21 Natural Gas 27:11 End   Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817   Source: tradinglounge com Access Trial here... buy 1 month Get 3 months              
    • Hi @AndaIG, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam
    • Look ahead to 31/5/23: China PMI; France GDP; Germany CPI Economic data is key on Wednesday. It starts in Japan with retail sales, followed by Chinese PMI.  Jeremy Naylor | Analyst, London | Publication date: Tuesday 30 May 2023  IGTV’s Jeremy Naylor looks at the chances that the Chinese yuan will weaken further as it becomes more and more obvious that the recovery in China is further away than initially expected. Then in the eurozone we’re looking at the CAC 40 and DAX as growth and inflation data is released. The only corporate on the schedule is from stationers, WH Smith.          
×
×
  • Create New...