Cash to S&S ISA

jscol

Hoping someone could help me with quick question.

I've got a full cash ISA from last year. I'm wanting to transfer it to a S&S ISA as we have too much cash relative to investments.

If I transfer it I seem to think I have to transfer the whole amount? I don't think I can transfer half and leave the other half as cash. Can someone confirm I correct?

Audaxer

You should be able transfer half of it, or any percentage of it that you want. I've just done that and I'm sure it will be the same for most providers. You just complete a transfer form from the platform that holds your S&S ISA.

xylophone

https://www.moneysavingexpert.com/savings/ISA-guide-savings-without-tax

Transfer rules:

Current year's cash ISA. You can move ALL of this to another cash ISA, or into a stocks & shares ISA. You can't split it between more than one provider.

Current year's stocks & shares ISA. You can move ALL of this to another stocks & shares ISA or cash ISA, but you can't split it between more than one stocks & shares ISA.

xylophone

You should be able transfer half of it, or any percentage of it that you want. I've just done that and I'm sure it will be the same for most providers. You just complete a transfer form from the platform that holds your S&S ISA.

Not according to the above or

https://www.gov.uk/individual-savings-accounts/transferring-your-isa

You can transfer your Individual Savings Account (ISA) from one provider to another at any time.

You can transfer your savings to a different type of ISA or to the same type of ISA.

If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it.

Eco_Miser

jscol wrote: »

I've got a full cash ISA from last year.

xylophone wrote: »

Not according to the above or

https://www.gov.uk/individual-savings-accounts/transferring-your-isa

If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it.

From the same link,

For money you invested in previous years, you can choose to transfer all or part of your savings.

So the OP can transfer just part of their last year's cash ISA, unless their provider insists on a full transfer.

xylophone

last year's cash ISA,

You are quite right - I missed the "last year's" in the original post.

jscol

Very useful. That's good news. Thanks everyone.