People that have a S&S ISA and an Invest account. I have a question for you.
As the title says, if you have both accounts why and how do you use them?
I have maxed my S&S ISA this year and I have some more cash to deploy. I view my S&S ISA as an account I’ll not need the money for several years so I can ride out ups and downs.
But with the extra cash I could deploy I have a two questions based on my situation. I’ve seen someone online using their extra cash (they run a business FYI) to use in an invest account just investing in a ETF for their tax money. I don’t need it for tax but I’ll need some of it this year.
1 how do you invest the money if you know you’ll need it within the next year/two years?
2 how do you deal with the tax man?
Any advice is helpful.
Currently have the extra cash in an easy access savings account earning 2.3% 🫠