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Stocks 2nd isa
des077
Posts: 2 Newbie
So I have a cash is a which I haven't used this year, and I have a stocks and shares is a which I have invested in this year but, to avoid trading charges I wanted to open a new stocks isa and transfer funds from my cash isa as this wouldn't be using any allowance, my question would be is this allowed?
0
Comments
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Yes, the main rule is that you can only pay new money into one ISA of each type in any tax year, so if you only put prior year money into a second S&S ISA, via transfer from another ISA, then that's acceptable within the rules, as long as you use the new provider's ISA transfer process.1
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