Calculating the Amount to Transfer from previous SS ISA to Cash ISA
Aldermast
Forumite 
Hi
I have a number of Stocks and Shares ISAs, the first dating back to 2012
Although retirement is still many years away, there will come a point when I decide I wish to start transferring a portion of previous years SS ISAs into Cash ISAs. I plan to end up with a mix of the two ISA types for security in the event of short term market down turns etc.
The government website says, “For money you invested in previous years, you can choose to transfer all or part of your savings.”
Lets say in the SS ISA. 2014 / 2015 I invested £12,000 of my own cash. The units from the fund this cash will have purchased will have :
a: increased in value due to the unit price increasing
b: benefited from dividend payments – which are re-invested in the same fund.
If I wish to transfer the above 2014/15 SS ISA to a cash ISA, I understand that I would apply to a new provider to open the Cash ISA. I would then fill in their transfer form.
What am I transferring? Is it just the £12,000 that I invested with my own money? Or, do I have to some how work out the unit price growth from that particular 12,000 from back in 2014 to today; including any dividends paid and re-invested on it?
The Fidelity reports I have access to only go back as far as 2016. How on earth would I work out what value I should be transferring to the cash ISA? The reports don't event clearly list each previous individual ISA! I would have to work out from the transaction reports based on payments in whether they triggered an ISA opening..
Taking a look at the Santander SS ISA Transfer In form, I can see it asks for the year I wish to transfer over. Am I correct in thinking that if on the column titled, “Amount of stocks, shares, units, etc. or specify ‘All’ to sell the entire holding”, if I just enter “All” – the fund managers / computer system at Fidelity will know the precise amount to transfer over (units I purchased with the 12,000 plus growth and dividends accumulated on that chunk to date) saving me having to work it out?
Replies
It is all the money in there , including growth, dividends etc.
Taking a look at the Santander SS ISA Transfer In form, I can see it asks for the year I wish to transfer over. Am I correct in thinking that if on the column titled, “Amount of stocks, shares, units, etc. or specify ‘All’ to sell the entire holding”, if I just enter “All” – the fund managers / computer system at Fidelity will know the precise amount to transfer over (units I purchased with the 12,000 plus growth and dividends accumulated on that chunk to date) saving me having to work it out?
Yes that is how it works.
On a wider scale, if you after you retire, you will want the money to sustain you for many years, you should be careful not to derisk into cash too much. If you intend to use the money quite quickly after you retire then it makes more sense. Also you can derisk a portflio without necessarily changing it to cash.