I’ve had a stocks & shares ISA with Vanguard for the tax year 2020-2021. It’s not full by any means, I’ve got less than £1000 in it over the year. However since it’s the new tax year, what would be the most efficient thing to do?
- Leave that ISA account alone. I do have regular direct debits that pay into Vanguard for that account. Do I just cancel the regular payments and leave that ISA account with the money in it?
- Create a new ISA account with Vanguard for 2021-2022. Transfer the funds from the previous year into this account and set up a new regular monthly payment option?
I’ve done a bit of research on this but nothing that actually helps, so thought I’d pick the community brains here. Thank you all in advance