ISA's

clarky_cat

Hi, I recently opened a cash ISA with Santader and have £15k in it. Could someone advise if it is possible to open a stocks and shares ISA also this financial year and move some of that £15k into that? If so, any recommendations?

Thanks

clarky_cat

Will re-post in ISA section, just spotted it

sorcerer

You can yes, but since you have used up your allowance for this year, you will need them to do the transfer for you. Normally you need to fill in a form provided by your new S&S ISA Provider, and tell them how much you want to transfer. Don't try to move the money yourself.

RickyC_IFSWP

Yes it's possible. You can also switch back from Stocks and Shares to ISA without restriction now too, but some charges may apply from certain providers.

If it's your first time investing, you should read up more about the risks involved and consider investing in some passive index funds initially - they are typically low cost and easy to understand.

Archi_Bald

RickyC IFSWP and sorcerer, there are restrictions of you wish to transfer current year's deposits, as pointed out in the response to the other thread clarky_cat set up. https://forums.moneysavingexpert.com/discussion/5068051

RickyC_IFSWP

Archi_Bald wrote: »

RickyC IFSWP and sorcerer, there are restrictions of you wish to transfer current year's deposits, as pointed out in the response to the other thread clarky_cat set up. https://forums.moneysavingexpert.com/discussion/5068051

Thanks. I stand corrected. Even with the new rules, it would still be a full transfer for this year's contributions.