Maxi ISA - Time Limits?

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25 July 2005, 01:39 PM

gsm1

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Maxi ISA - Time Limits?

Anyone know what the specific time limits are for keeping cash in your Maxi ISA before having to buy shares? I just sold some stock 3 weeks back and I don't want to get penalised for not re-investing the money.

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25 July 2005, 10:09 PM

boomer

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Depends on your bank/provider (check your Ts&Cs).

The interest on the "cash" isn't tax free though.

mb

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25 July 2005, 10:17 PM

gsm1

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Quote:

Originally Posted by boomer

Depends on your bank/provider (check your Ts&Cs).

The interest on the "cash" isn't tax free though.

mb

Ta. Last time I was sent a warning email from my share account company that I hold it with but they didn't specify any particular time period! I'll take a closer look.

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