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Transfer Stocks & Shares ISA to Help to Buy ISA?
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yes you could use a previous tax allowance to fund your opening deposit but the remaining £200 a month ongoing will be new money subscriptions and you don't have any available left as you have put all of your allowance into the S&S.
You would only be able to find the H2B with maximum of 1k, and the rate has dropped on this account so I wouldn't think it would be worth the transfer form being completed.
I have initiated a transfer of £2600 from my S&S ISA with iWeb over into my Cash ISA with Nationwide. The plan is to put in £1200 in August, then £200 each month until April 2017. New money into the HTB ISA will be transferred from the Nationwide Cash ISA.
The rate isn't too important to me, it is the Government adding 25% that draws me in.
Will this not work?0
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