Good morning,
I sold some of my Vanguard investments in my S&S ISA & intend to sell off more as i'm gradually moving my money out of the investment funds in order to pay off the remainder of my mortgage next year at the end of the fixed term. The cash from the recent sale is currently sitting in the Vanguard S&S ISA.
I have a T212 cash ISA that I intend to keep the money in until the date I make the mortgage clearing payment, as it has a favourable rate, and just need to clarify a couple of points on the transfer process, if anyone could be kind enough to offer to some insight.
When attempting to initiate the transfer via T212, i'm offered the option to transfer from current or previous tax year's subscriptions - which would I pick for this? The account was opened a few years ago, so either could apply in my mind.
Additionally, it's advising that shares may be sold in the process. I'm assuming this is a standard warning, and that because there's cash available in the account, it would default to using that as the available funds? (Provided I don't exceed the amount of available cash with the transfer, naturally.)
Any insight gladly recieved, thank you.