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Transfer from cash to S&S isa
Comments
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adamcartney wrote: »Thanks. On the transfer form, next to the box that asks whether you want to make a full or partial transfer, it asks you for the "Tax Year of Subscription". So I should tick the box that says partial transfer and then write 2012/2013 or any previous year?
Yes that's right
It's only if you put current year that they need to transfer in full.Remember the saying: if it looks too good to be true it almost certainly is.0 -
I just found out that my Cash ISA provider (the Post Office) does not allow partial transfers at all - you have to transfer the entire ISA amount.
As I don't want to transfer the entire amount into a S&S ISA, is it possible to transfer all of the Post Office money into a new Cash ISA (that allows partial transfers) this tax year and then do a partial transfer? I have already transferred the Cash ISA once this tax year (from Nationwide to the Post Office), can I transfer again?0 -
You can transfer as often as you like.0
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You can do that, but you might also consider my suggestion in #9, which would leave you with only £1000 more in your S&S ISA than you originally wanted, but leaves you free to open a new cash ISA afterwards for your remaining allowance.adamcartney wrote: »As I don't want to transfer the entire amount into a S&S ISA, is it possible to transfer all of the Post Office money into a new Cash ISA (that allows partial transfers) this tax year and then do a partial transfer? I have already transferred the Cash ISA once this tax year (from Nationwide to the Post Office), can I transfer again?0 -
You can do that, but you might also consider my suggestion in #9, which would leave you with only £1000 more in your S&S ISA than you originally wanted, but leaves you free to open a new cash ISA afterwards for your remaining allowance.
But in this instance, that is not possible, because Post Office do not allow partial transfers.0 -
No it won't be possible direct from the Post Office, but it will be possible after transferring the whole ISA to an intermediate cash ISA as was being discussed (which is why I wrote "also consider").But in this instance, that is not possible, because Post Office do not allow partial transfers.0
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