CAsh ISa transfer to S&S ISA

curtis122

You know when you have read too much and then get yourself confused as different sites word it slighly different, I've now confused myself so just want clarification....
I want to open a Stocks & shares ISA now, I have a Cash ISA I opened in 2019 but I made a payment into it at the end of April 2020 so in this current FY. If I transfer can I transfer part (which I want to do) or do I have to transfer it all under the rules? Is it the opening of the account that counts or the last payment into it regardless of when opened that dertimes what you can do?

eskbanker

The ISA rules themselves allow for partial transfers, so theoretically you can just transfer the money you paid in during 2020/21 rather than the whole account - in fact if you're transferring from cash to S&S you can transfer as much or as little as you like.

However, not all ISA providers permit partial transfers, either in or out, so you'd need to check with both providers concerned if that's what you have in mind.