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Can switch investment from taxable to NISA?
Posted: Mon Sep 30, 2024 3:17 am
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?
Re: Can switch investment from taxable to NISA?
Posted: Mon Sep 30, 2024 3:39 am
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.
Re: Can switch investment from taxable to NISA?
Posted: Tue Oct 01, 2024 1:18 pm
by Max
Thanks for your reply. Yeah, I'll just leave it in taxable, as it's only 6 man.