I plan to move very early into the next tax year and will reset my cost basis of equities on 5th April.
I plan to max out the ISA and Pension fund for both myself and the wife, which is just under £46k between us both each year.
I can't do this for myself until I have taken up residency and then got ISA and pension accounts up and running (call it a few weeks) and for the wife until we are officially married (a few months away).
What should I do with this £46k in the meantime?
Leave it in equity as that is where it is meant for anyway (just a more tax efficient account)?
If, say, 20k was in a taxable account but transferred to an ISA account during the tax year, is this subject to tax for the days it was in the taxable account?
I plan to max out the ISA and Pension fund for both myself and the wife, which is just under £46k between us both each year.
I can't do this for myself until I have taken up residency and then got ISA and pension accounts up and running (call it a few weeks) and for the wife until we are officially married (a few months away).
What should I do with this £46k in the meantime?
Leave it in equity as that is where it is meant for anyway (just a more tax efficient account)?
If, say, 20k was in a taxable account but transferred to an ISA account during the tax year, is this subject to tax for the days it was in the taxable account?
Statistics: Posted by alwaysonit — Sun Mar 03, 2024 4:01 am — Replies 16 — Views 2333