Splitting Cash ISA with new S&S ISA - Partial transfers?

jimjamz82

I have a single Cash ISA that I would now like to split up and transfer some of those funds into a Stocks and Shares ISA.

I only want part of my funds in a Stocks and Shares ISA so I can have both savings (Cash) and investment (S&S) funds.

My current Cash ISA provider does not allow a partial transfer out.  Therefore, it wouldn't seem a good idea to request, from within my S&S ISA,  a transfer-in.

Would the only way to solve this problem be, to transfer in full from one Cash ISA to another Cash ISA with a provider who allows partial transfers out, then partially transfer out some of those funds into an S&S ISA?

Alexland

Assuming it's not a flexible cash isa then if they don't support partial transfer out it can only be wholly transferred out so yes you could use another cash ISA to split it but remember that you cannot partially transfer current tax year contributions.

jimjamz82

No contributions have been made to the ISA in this current tax year so thankfully, that is one less thing to worry about.

The difficulty I appear to have is finding Cash ISA providers that will offer a partial transfer-out, and some of the investment platforms that offer Stocks & Shares ISAs such as Vanguard don't appear to accept partial transfers in from Cash ISAs (only other Stocks and Shares ISA or other Vanguard products are permitted partial transfers in).  What would be a good strategy in such a case?

masonic

jimjamz82 said:

No contributions have been made to the ISA in this current tax year so thankfully, that is one less thing to worry about.

The difficulty I appear to have is finding Cash ISA providers that will offer a partial transfer-out, and some of the investment platforms that offer Stocks & Shares ISAs such as Vanguard don't appear to accept partial transfers in from Cash ISAs (only other Stocks and Shares ISA or other Vanguard products are permitted partial transfers in).  What would be a good strategy in such a case?

Most cash ISA providers offer partial transfers out, high street banks being the most likely to do so. You could transfer to one such account, then do a partial transfer to a second. Either of the resultant two cash ISAs could then be transferred in full to a S&S ISA.

jimjamz82

masonic said:

jimjamz82 said:

No contributions have been made to the ISA in this current tax year so thankfully, that is one less thing to worry about.

The difficulty I appear to have is finding Cash ISA providers that will offer a partial transfer-out, and some of the investment platforms that offer Stocks & Shares ISAs such as Vanguard don't appear to accept partial transfers in from Cash ISAs (only other Stocks and Shares ISA or other Vanguard products are permitted partial transfers in).  What would be a good strategy in such a case?

Most cash ISA providers offer partial transfers out, high street banks being the most likely to do so. You could transfer to one such account, then do a partial transfer to a second. Either of the resultant two cash ISAs could then be transferred in full to a S&S ISA.

Thanks for the feedback.  It appears this really is the only solution in order to keep the money within a tax wrapper throughout a transfer.  I will take a look at the high street banks so see which are offering partial transfers out.  Are there any recommendations?  I'd also like to select one that has a good reputation for customer support and is responsive to queries.

Thanks.

masonic

jimjamz82 said:

masonic said:

jimjamz82 said:

No contributions have been made to the ISA in this current tax year so thankfully, that is one less thing to worry about.

The difficulty I appear to have is finding Cash ISA providers that will offer a partial transfer-out, and some of the investment platforms that offer Stocks & Shares ISAs such as Vanguard don't appear to accept partial transfers in from Cash ISAs (only other Stocks and Shares ISA or other Vanguard products are permitted partial transfers in).  What would be a good strategy in such a case?

Most cash ISA providers offer partial transfers out, high street banks being the most likely to do so. You could transfer to one such account, then do a partial transfer to a second. Either of the resultant two cash ISAs could then be transferred in full to a S&S ISA.

Thanks for the feedback.  It appears this really is the only solution in order to keep the money within a tax wrapper throughout a transfer.  I will take a look at the high street banks so see which are offering partial transfers out.  Are there any recommendations?  I'd also like to select one that has a good reputation for customer support and is responsive to queries.

Thanks.

The first place to look would be a bank where you already hold an account and have online access as you may be able to open and initiate immediately. Check their ISA FAQs to see what they say about transfers.

Aceace

jimjamz82 said:

masonic said:

jimjamz82 said:

No contributions have been made to the ISA in this current tax year so thankfully, that is one less thing to worry about.

The difficulty I appear to have is finding Cash ISA providers that will offer a partial transfer-out, and some of the investment platforms that offer Stocks & Shares ISAs such as Vanguard don't appear to accept partial transfers in from Cash ISAs (only other Stocks and Shares ISA or other Vanguard products are permitted partial transfers in).  What would be a good strategy in such a case?

Most cash ISA providers offer partial transfers out, high street banks being the most likely to do so. You could transfer to one such account, then do a partial transfer to a second. Either of the resultant two cash ISAs could then be transferred in full to a S&S ISA.

Thanks for the feedback.  It appears this really is the only solution in order to keep the money within a tax wrapper throughout a transfer.  I will take a look at the high street banks so see which are offering partial transfers out.  Are there any recommendations?  I'd also like to select one that has a good reputation for customer support and is responsive to queries.

Thanks.

I've done many partial transfers from nationwide cash ISAs.