Andy Burnham’s manifesto

[klondike]

Do many keep big chunks of cash in stocks and shares ISAs? Surely the option is there to either transfer it to a cash ISA or invest it if tax is to be avoided. Certainly large amounts can't be left there or it will simply vanish assuming it will get taxed at year end every tax year.

I haven't checked as I only have a cash ISA now having cashed out and moved the money there from less than dazzling well performing stocks and shares ISAs to make cash available quickly if needed.

[CHF]

Unless we have mega-rich friends who will hand us the odd £5 million 
like Farage, we'll have to hope the gov' has found a money tree. 
I just try to cut my coat from my ever-diminishing cloth.
I know nothing about Burnham except some remark mad Kemi made
about his T-shirt and eyelashes, and I can't see into the future, so 
I will wait without too high an expectation.

[Michael Rolls]

They are after what we have left

[klondike]

I will wait without too high an expectation.

I'm pretty much certain that you won't be disappointed 

[muddy]

Do many keep big chunks of cash in stocks and shares ISAs? Surely the option is there to either transfer it to a cash ISA or invest it if tax is to be avoided. Certainly large amounts can't be left there or it will simply vanish assuming it will get taxed at year end every tax year.

I haven't checked as I only have a cash ISA now having cashed out and moved the money there from less than dazzling well performing stocks and shares ISAs to make cash available quickly if needed.

Yes  they do at times becaue they may have sold something and hasn't decided where to put it 
The fact is that ISAs were feted as a tax free way of saving and investing .
This is just another way of taxing money that has already been taxed .

[Raven]

I can see lots of bank accounts being emptied, or at least bought down to an untaxable level.

[klondike]

Apparently the new basic rate pension is only about £12 less than the personal allowance according to something I read. That means pretty much nothing is in taxable.