I would like to buy and sell shares. Is there an Isa within which you can buy and sell shares but also keep cash savings? It would be nice to be able to do this within the tax-free wrapper of an Isa.
Most companies seem to have a fixed fund you invest in and they seem very inflexible.
Many platforms give lots of options for Stocks & Shares Isa investments, including offering a wide range of investment funds, and some allow individual shares to be bought and sold. Alternatively, Isas offered by stockbrokers will always allow investors to buy and sell shares.
“Isas from brokers let you trade shares”
Both of these options allow investors to also hold money in cash, which they can use to buy shares or where the proceeds of sales are held. However, the rates of these cash accounts are usually poor.
So, if you want to use the cash account as a short-term liquid fund to use when buying and selling shares then they are plenty of options. However, if you’re looking for a long-term term cash holding, that pays a competitive rate of interest, then you will probably need to invest in separate Stocks & Shares and Cash Isas.
Moneywise adds: You can put money into one of each type of Isa – Cash, Stocks & Shares, Innovative Finance, and Lifetime – each tax year, although the maximum you can save across the four products this tax year is £20,000.