Cash ISA transfer

trickydicky14

I’m thinking of transferring money I hold in a cash ISA with Yorkshire Building Soc to my Halifax S&S ISA.

Am I correct in thinking I just have to fill out an ISA transfer form which is on the Halifax web site, send it back and they will sort it?

I think as it’s money from this years ISA allowance, I need to move all of it?

Doing it via the transfer form retains its ISA status?

And makes no impact on any ISA allowance I may still have?

Thanks for any help.

I also believe it is taking some time to move money across at the current time.

Albermarle

trickydicky14 said:

I’m thinking of transferring money I hold in a cash ISA with Yorkshire Building Soc to my Halifax S&S ISA.

Am I correct in thinking I just have to fill out an ISA transfer form which is on the Halifax web site, send it back and they will sort it? Yes

I think as it’s money from this years ISA allowance, I need to move all of it? Yes

Doing it via the transfer form retains its ISA status?Yes

And makes no impact on any ISA allowance I may still have? Correct

Thanks for any help.

I also believe it is taking some time to move money across at the current time. Cash ISA to S&S ISA should take two to four weeks .

You are correct on all points .

lozzy1965

trickydicky14 said:

I’m thinking of transferring money I hold in a cash ISA with Yorkshire Building Soc to my Halifax S&S ISA.

Am I correct in thinking I just have to fill out an ISA transfer form which is on the Halifax web site, send it back and they will sort it?

Yes.

trickydicky14 said:

I think as it’s money from this years ISA allowance, I need to move all of it?

Check with new and old provider.

trickydicky14 said:

Doing it via the transfer form retains its ISA status?

Yes.

trickydicky14 said:

And makes no impact on any ISA allowance I may still have?

Correct.

trickydicky14 said:

Thanks for any help.

I also believe it is taking some time to move money across at the current time.

People have said that is the case.  One would hope that a cash transfer would be easier / quicker though.

eskbanker

Albermarle said:

trickydicky14 said:

I think as it’s money from this years ISA allowance, I need to move all of it? Yes

No!  All current year money per ISA type needs to be kept together, so a subset of current year cash ISA money can be transferred to a S&S ISA (if both allow partial transfers), as long as there's no current year S&S ISA money with another provider.