Transferring this and previous ISA

Elderone

Hi excuse me for asking what may seem like an obvious question but I've looked through the forum and just wanted to check that I'm not making a mistake before transferring. Basically I have previous years subscriptions with bank A and this year I have opened a new isa and fully subscribed new money (£20k) with bank B. Can I then part transfer old money from bank A to another isa with bank C? Also can I transfer the full amount in my current year subscription from bank B to bank C also this year?

Doctor_Who

Can I then part transfer old money from bank A to another isa with bank C? 

Yes, as long as bank A allows partial transfers-out and bank C allows transfers-in.

Also can I transfer the full amount in my current year subscription from bank B to bank C also this year?

Yes, for the current year's subscription you have to transfer all of it (partial transfers are not allowed). Again, bank C will need to allow transfers-in.

Elderone

Thanks very much. Bank A does indeed accept partial transfers out. As does bank C for transfers in. Also I hadn't given consideration to the fact that bank C may or may not allow partial transfers out for future reference if trying to stay under the FSCS limit so appreciate your help. 

Doctor_Who

Elderone said:

Thanks very much. Bank A does indeed accept partial transfers out. As does bank C for transfers in. Also I hadn't given consideration to the fact that bank C may or may not allow partial transfers out for future reference if trying to stay under the FSCS limit so appreciate your help. 

There are ways around this, but it involves doing several transfers (full transfer to an ISA account that allows partial transfers, then partial transfer(s) to other ISA(s)), which obviously increases the admin!