Can switch investment from taxable to NISA?

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Max
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Can switch investment from taxable to NISA?

Post by Max »

A purchase I made into a certain popular fund about a month ago is listed in my taxable account, rather than NISA. I expect I forgot to tick the NISA box. As tax hasn't come into play yet, can I ask the broker to shift it over to NISA?
Tsumitate Wrestler
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Re: Can switch investment from taxable to NISA?

Post by Tsumitate Wrestler »

Max wrote: Mon Sep 30, 2024 3:17 am A purchase I made into a certain popular fund about a month ago is listed in my taxable account, rather than NISA. I expect I forgot to tick the NISA box. As tax hasn't come into play yet, can I ask the broker to shift it over to NISA?
No. You need to sell it and rebuy. Unless you have hit a windfall, 20% of any gains will not amount to that much.

Or simply leave it in your taxable account, and buy with new funds in your NISA.
Max
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Joined: Sat Mar 23, 2024 2:57 am

Re: Can switch investment from taxable to NISA?

Post by Max »

Thanks for your reply. Yeah, I'll just leave it in taxable, as it's only 6 man.
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