I have just funded my ISA account. Do I need to trade straight away for the subscription to count?
Payments into ISA accounts class as an immediate subscription so you do not need to trade straight away for your subscription to count. If you fund your account in one tax year the subscription will count for that tax year even if you have not traded before the end of the tax year.
Please be aware that under HM Revenue & Customs rules, cash held on a stocks and shares ISA is not classed as a qualifying investment. This means that cash cannot be held on these accounts indefinitely. No timeframe is defined by HMRC regarding how long funds can be held on an ISA, however we may contact you if they feel that you have left cash in your ISA account for too long.
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