Jump to content
Sign in to follow this  

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

Share this post


Link to post

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

Share this post


Link to post
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?

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      6,205
    • Total Posts
      27,341
    • Total Members
      35,410
    Newest Member
    CFd
    Joined 18/02/19 08:20
  • Our picks

    • Asia Markets Rise as Trade Talks Move to Washington - EMEA Brief 18 Feb
      Asia share markets began the week with strong gains as investors hope for both further progress at US-China trade talks in Washington this week and more stimulus from major central banks. Trump stated in a White House news conference that he would be "honored" to remove current tariffs if an agreement can be reached, and to possibly extend the March 1st deadline for a deal.
      • 0 replies
×