Partial transfer this years Cash ISA to S&S ISA

Housies

Hi all,

A few months ago i used my full ISA allowance into a cash ISA, being part of a Help-to-Buy ISA and Cash ISA split. I would now like to transfer the Cash ISA component to a S&S ISA with another provider.

Is this allowed within the ISA transfer rules? Intuitively it feels like it should be okay, but I can't seem to find a definitive answer anywhere.

Thanks!

masonic

Does your cash ISA allow flexible withdrawals? If so, you can flexibly withdraw the money from the cash ISA and pay it into a S&S ISA. If it is not flexible, then as far as ISA transfers are concerned, current year money must be transferred in full, so you would need to wait until after the end of the tax year to be able to transfer the money in the cash ISA without moving the money in the HTB ISA with it.

The relevant rules are 11.12 / 11.12a and 3.15 here.

jimjames

masonic wrote: »

Does your cash ISA allow flexible withdrawals? If so, you can flexibly withdraw the money from the cash ISA and pay it into a S&S ISA. If it is not flexible, then as far as ISA transfers are concerned, current year money must be transferred in full, so you would need to wait until after the end of the tax year to be able to transfer the money in the cash ISA without moving the money in the HTB ISA with it.

The relevant rules are 11.12 / 11.12a and 3.15 here.

Is that correct? S&S ISA and cash ISA don't need to be transferred together so do HTB ISA and cash ISA need to be? The regulations don't appear to state that and presumably the accounts are separate.

masonic

jimjames wrote: »

Is that correct? S&S ISA and cash ISA don't need to be transferred together so do HTB ISA and cash ISA need to be? The regulations don't appear to state that and presumably the accounts are separate.

It is one cash ISA, split into two sub-accounts. The so-called split-ISA, unless I have misread.

S&S ISAs and cash ISAs are different types of ISA. Cash ISAs and HTB ISAs are the same type of ISA. It would not be possible to pay into a cash ISA and HTB ISA in the same tax year if they were separate.