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Partial ISA Transfer Query

jonnypb
jonnypb Posts: 333 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 7 May 2024 at 4:52PM in ISAs & tax-free savings
I think this is OK to do, but would just like some confirmation that this is possible.

Pay 20k into a new fixed 1 year ISA for this financial year.

Then with an existing 80K ISA from previous years.  Is it possible to do a partial transfer into 2 different ISA's.  Transfer 40k into an instant access ISA and 40k into either the new 1 year fixed ISA that was opened with the 20k, or pay it into a different fixed ISA (possibly 2 year fix)?


Comments

  • eskbanker
    eskbanker Posts: 36,928 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes, it's possible in principle under the ISA rules, but only if the relevant providers choose to support partial transfers (not all do).
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