ISA transfer rules in CURRENT tax year

granta

I have already subscribed to a stocks and shares ISA this tax year and would like to move all my Cash ISA holdings from CURRENT tax year to it - is this allowed?

Also, if after moving, I want to add funds to a cash ISA later this tax year to max out the £20k, is that allowed?

HMRC website only says:

"You can transfer your savings to a different type of ISA or to the same type of ISA.

If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it."

Thanks.

eskbanker

As long as you use the receiving provider's ISA transfer process, any such funds transferred are treated as if they'd always been made to the receiving ISA, so you can transfer current year money (all of it) from cash to S&S and then subscribe more new money to another cash ISA, provided the total current year subscriptions are within the overall £20K annual allowance.

granta

Thank you, that's most helpful to know