Can I transfer an empty S&S ISA in order to make more contributions this year?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
3 replies 664 views
msallenmsallen Forumite
1.3K Posts
Eighth Anniversary 1,000 Posts Name Dropper
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi all

I'd appreciate some input from someone in the know about this.

I previously had a small S&S ISA with Virgin. The last monthly contribution I made was in April (after 6th) this year, and I cashed it in a few weeks later. I would now like to start an S&S ISA with a different platform - one that offers me a much wider choice of funds/ITs/shares.

I know I cannot just open another S&S ISA as I have already contributed to one this tax year, but would it be be possible/legal to transfer my Virgin S&S ISA (value £0) to a new platform and then make contributions to it this year?

If not, would a possible workaround be to invest a small amount back into the Virgin one first so that its not empty.



This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals