Limit for transferring money from stocks and shares to Cash ISAs

jacl_2

I have £70k currently in stocks and shares and have been advised that this is at moderate risk. I would now like to transfer this to cash savings preferably in cash NISAs. Am I still limited to £15k in cash ISAs or can I exceed this limit as it is 'old money'?

Archi_Bald

Formal ISA transfers never count towards the annual limit (which is exclusively about new money being put into an ISA).

A formal ISA transfer must be carried out by your new provider. You must not move the money yourself.

jimjames

jacl wrote: »

I have £70k currently in stocks and shares and have been advised that this is at moderate risk. I would now like to transfer this to cash savings preferably in cash NISAs. Am I still limited to £15k in cash ISAs or can I exceed this limit as it is 'old money'?

Any particular reason why you've suddenly found out that the risk level isn't what you thought?

You can have a S&S ISA with low risk funds in it, the risk level is totally dependent on what you have bought. Which funds/shares do you have?

Moving to cash may be less risk to capital short term but long term you'll lose to inflation and also get much lower income currently too.