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Transfer Stocks and Shares ISA to Cash ISA

Gogsie99
Gogsie99 Posts: 2 Newbie
in Pensions, annuities & retirement planning
My Stocks and Shares ISA with Threadneedle, formally an Allied Dunbar PEP hasn't been performing too well. Is it possible to transfer this into a Cash ISA (ISA allowance unused) with say Nationwide? :cool:

Comments

  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No, you can transfer from cash to stocks and shares but not vice versa.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • dunstonh
    dunstonh Posts: 121,388 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You can pick from 20,000 other investment options though.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Gogsie99
    Gogsie99 Posts: 2 Newbie
    Thanks for info. I guess I could cash in the Stocks and Shares and re-invest into a Cash ISA?
  • jem16
    jem16 Posts: 19,875 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gogsie99 wrote: »
    Thanks for info. I guess I could cash in the Stocks and Shares and re-invest into a Cash ISA?

    You could but you lose that ISA allowance if you do that.

    Can you not move to different funds within your S&S ISA instead?
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Surely you control the investments that you use and could just choose different investments?

    Yes, subject to the limit of the annual allowance you could withdraw money from a S&S ISA and deposit into a cash ISA.
This discussion has been closed.
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