If you’re transferring cash after selling your investments and maybe planning to repurchase them, remember you’ll be ‘out of the market’ for a time and there’ll be charges when you sell and reinvest.
You may also have to pay capital gains tax when you sell if your investments aren’t held in an ISA. That means you’ll miss out on any rise in value and on any income from these investments during that period. You’ll also miss out on any corporate actions such as rights issues and on voting rights as well as any Shareholders’ benefits, for example, discounts on services, which you may not receive on the same terms when you repurchase the shares.
There will be dealing charges to sell and repurchase investments. If you make capital gains outside of pensions or ISAs that exceed your annual allowances, you’ll need to pay capital gains tax. Remember, tax rules can and do change, and their effects on you will depend on your individual circumstances, which can also change.