Transfering previous tax year allowance

JayRod

Hello,

Hope you could help me.

I set up an account with a broker A in 2019. I used full alowance of 20k for previous tax year 2019/20 with broker A

The I set up account with broker B in 2020 and used full alowance of 20k for current tax year 2020/2021 with broker B

I want to set up account with broker C and tranfer my allowance from tax year 2019/2020 which I used with broker A.

I do not have any balance with broker A anymore, I already transfered that 20k to broker C, but not into ISA, but standard account.

My question is:

How to transfer 2019/2020 allowance from broker A to broker C.

My request was rejected, as i do not have any balance at A

Should I transfer money to broker A and then request transfer? Will it transfer my allowance from 2019/20 or will it add to funds for 2020/21 which would be outside of allowance

TCA

You should have transferred the ISA from broker A to broker C. By withdrawing as cash you've now lost the allowance you used for 2019/20. The only exception to this is where you have a flexible ISA, where you can withdraw funds and the tax-free is status is maintained if you replenish those funds by the end of the tax year. So I'm afraid it's gone.