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Am I able to invest cash from my Vanguard S&S ISA into another S&S index fund offered on the same platform (Vanguard) in 2022/23 tax year?

31 December 2021

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Question by Ritesh

Hi Josh

Thanks for your reply. Sorry I think my question wasn't clear, So what I meant was: let's say I still have £10k sitting as cash in my Vanguard S&S ISA account at the end of this tax year. Am I able to invest that cash into other S&S index funds offered on the same platform (Vanguard) in 2022/23 tax year?

And also open up another S&S ISA on a different investment platform in 2022/23?

I won't be putting any more money into the Vanguard ISA in 2022/23 but will just use the £10k cash I already have in there from 2021/22 to buy more stocks and shares in 2022/23.

In 2022/23 I plan to open up another S&S ISA on a different investment platform where I will actually deposit cash and invest in REITS.

Would both my investments in Vanguard and the new platform I choose in 2022/23 stay within the ISA tax wrapper?

Thanks

Ritesh


Answered by Joshua Gerstler

Hi Ritesh,

Thank you for clarifying!

Yes you can!

The money in your Vanguard S&S ISA is already in there so you can invest it in anything available on their platform and it is not considered a new ISA.

You can open your new S&S ISA in 22/23 and deposit up to £20,000 in that one to invest in REITS.

Both will remain within ISA wrappers.

Hopefully that is what you wanted to know!

Josh

Answered by

Joshua Gerstler

Chartered Financial Planner

I have been working in Financial Services for over 16 years. I started out at Deloitte where I trained and qualified as a Chartered Accountant before moving to Financial Advice/Planning at The Orchard Practice in 2011.