ISA transfer to Lloyds cash Isa 5.5%

ps2659

I have an ISA with Fidelity fund managers and wish to transfer £30.000 to a Lloyds cash ISA this  being a partial transfer to which Fidelity have agreed, would this be allowed by Lloyds and not be counted as this tax years contribution I have asked the question many times with phone calls and live chat getting different answers really confused, any help appreciated. 

25_Years_On

Transfers, whether from a cash ISA or a Stocks and Shares ISA are not counted as this years contribution. If someone at Lloyd's is telling you different they need more training. There's no need to talk to Fidelity. You open the account with Lloyd's and fill in the transfer form.

ps2659

25_Years_On said:

Transfers, whether from a cash ISA or a Stocks and Shares ISA are not counted as this years contribution. If someone at Lloyd's is telling you different they need more training. There's no need to talk to Fidelity. You open the account with Lloyd's and fill in the transfer form.

Many thanks for your reply I have looked at the transfer form there is no place on the form to put how much you wish to transfer and would I need a reference number from Fidelity ?

Zuzi

You probably have the same form as I am filling in for my own transfer to Lloyds. Look in the bottom right corner, mine are both in envelopes already ready to be posted but there are 4 questions and there is a space to say how much you want transferred.

If your Fidelity ISA doesn't have a sort code and account number, yes you will need the reference number. I had the same from my old provider but they gave me the ref in chat without issues. 

Doctor_Who

ps2659 said:

I have an ISA with Fidelity fund managers and wish to transfer £30.000 to a Lloyds cash ISA this  being a partial transfer to which Fidelity have agreed, would this be allowed by Lloyds and not be counted as this tax years contribution I have asked the question many times with phone calls and live chat getting different answers really confused, any help appreciated. 

As above, ISA transfers don't count towards this year's ISA allowance. I assume this is a partial transfer to Lloyds? Just a minor point, and I apologise upfront if you've already done this, but you'll need to have £30K in cash in your S&SISA for the transfer to go through. Hence you'll need to sell funds to cash (unless you have £30K cash already sitting in your S&SISA).

paid4it

To automatically say it’s not counted as this years is not correct 
first you need to ask yourself have you contributed to the account you wish to transfer in this current tax year 
ie.   Since 6th of April 2023 if not then your ok to move it as previous years money