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ISA transfer
planforfuture
Posts: 116 Forumite
I have a stocks and shares ISA account with provider A and I have now sold the shares with the cash from the selling still kept in that ISA account. Am I right that transferring ISA (stocks or cash) from one provider to another is not considered as new ISA investment purchase and is not affected by the £20k annual ISA investment allowance whether the amount to be transferred is £10k or £100k as it is irrelevant?
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Btw, the ISA account I am thinking to transfer is a few years old I.e. not current financial year.0
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Yes, that's right, as long as you use the new provider's ISA transfer process.1
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