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Transferring Cash ISA but not depositing
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GavB79
Posts: 751 Forumite
With this year's Cash ISA allowance I now have as much as I want to keep in cash. Next year I want to start a S&S ISA.
When I transfer my Cash ISA next year, how does it work if transferred to a provider that requires a minimum deposit? Do I make the transfer in, deposit £1, then subtract that £1 from the max of the 2012/13 S&S ISA to arrive at my limit for shares?
Thank you.
When I transfer my Cash ISA next year, how does it work if transferred to a provider that requires a minimum deposit? Do I make the transfer in, deposit £1, then subtract that £1 from the max of the 2012/13 S&S ISA to arrive at my limit for shares?
Thank you.
0
Comments
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No, you don't deposit £1, you leave the balance as £0. Then just fill an ISA transfer form and money will get transferred over.0
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