Transferring a Combined Cash and Stocks ISA

segedunum

Hi All,

I have a combined cash and stocks and shares ISA (in two parts though) and I'm looking to transfer it because it inevitably isn't performing as well as it used to.

I can understand the process of transferring an ISA, but what I would like to do is get rid of the stocks and shares part and simply end up with one cash ISA. Would I be able to cash in the stocks and shares ISA and still be able to transfer the Cash ISA in the current financial year?

Thanks

dunstonh

I'm looking to transfer it because it inevitably isn't performing as well as it used to.

why inevitably?

Would I be able to cash in the stocks and shares ISA and still be able to transfer the Cash ISA in the current financial year?

Yes. However, once you do that you lose that ISA allowance forever.

jimjames

If you were happy to invest in the shares ISA before what has changed your mind? As mentioned above you once cashed in you will no longer have that ISA allowance as shares cannot be transferred to a cash ISA.

UK market today is at its highest for 2 years so is your poor performance the investment you chose or the sector?