part isa conversion

robbiejustice

Hi all,

I have 10k in a cash isa to which i am going to add 5k this year so i will have 15k total with one provider. Is it possible to transfer a portion of this say 5k to a s&s isa in a year or twos time?

badger09

robbiejustice wrote: »

Hi all,

I have 10k in a cash isa to which i am going to add 5k this year so i will have 15k total with one provider. Is it possible to transfer a portion of this say 5k to a s&s isa in a year or twos time?

Yes

You can transfer from Cash ISA to S&S ISA whenever you want, but can't transfer anything the other way round.

innovate

if you want to transfer any of the money you contributed in the current financial year, you have to transfer all of it.

helptoyou

http://www.hmrc.gov.uk/isa/transfer-isa.htm

Hi see link above.

robbiejustice

So if in 10 years if I have built up 50k in a cash isa with one provider but I wish to convert 25k of that into a S&S isa then that is possible? I wouldn't have to convert all 50k of it?

badger09

robbiejustice wrote: »

So if in 10 years if I have built up 50k in a cash isa with one provider but I wish to convert 25k of that into a S&S isa then that is possible? I wouldn't have to convert all 50k of it?

Yes that is possible.

robbiejustice

ok, thanks very much for your responses

planteria

Yes, it is. if you are planning to hold for long term, i would move all of it into S&S, and, potentially, choose some really cautious investments within that.