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ISA transfers

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Hi all,

Is it possible to do the following:
1. Open up 2 new cash ISAs by transferring previous tax years allowances into both?
2. Keep some of old allowance in the existing cash ISA so I have 3 with no new money in?
3. Can I keep transferring the old allowances into the 2 new accounts?

Basically I have an old cash ISA doing nothing but want to transfer to 2 new ISAs. Do I need to transfer all the money in one go? 

My thinking is that Vanguard don't do partial transfers into their S and S ISAs so, if I have a number of ISAs, I can do full transfers from each of these accounts when I am ready rather than all in one go.

Thanks. 





Comments

  • eskbanker
    eskbanker Posts: 31,991 Forumite
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    If your current provider and the new ones all support partial transfers then yes, you can do that, but if the end game is to get all the money into a Vanguard S&S ISA then what constitutes your 'readiness' that necessitates the phasing?
  • badger09
    badger09 Posts: 11,326 Forumite
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    eskbanker said:
    If your current provider and the new ones all support partial transfers then yes, you can do that, but if the end game is to get all the money into a Vanguard S&S ISA then what constitutes your 'readiness' that necessitates the phasing?
    More in Cash ISA than OP is comfortable investing in S&S in single lump sum? 
  • masonic
    masonic Posts: 23,785 Forumite
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    Vanguard offer a money market fund that may be simpler to use for drip-feeding into higher risk assets if that is the underlying thinking.
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