Partial transfers out of Moneybox into Invest Engine?

yourlocalcheesemonger

Does anyone know if I can partially transfer out £x amount every month from a Moneybox ISA into an Invest Engine S&S ISA. Looking to get into investing but don't want to lump sum it. 

Alexland

Depends if they each support partial transfers in the required directions but you would be creating a lot of work for everyone. If you don't want to invest all the money into volatile investments straight away you could invest the % of ISA money you want to keep fairly safe into the ERNS money market ETF which is available on InvestEngine and almost as safe as cash providing a similar return to a best-buy cash ISA. Or use Trading 212 and get their 5.2% cash interest rate for uninvested account cash balances but all they are doing behind the scenes is investing it into a money market fund. Remember to keep some emergency money uninvested in an easy access savings account etc.

Reed_Richards

It's theoretically possible if Moneybox allows partial transfers out and Invest Engine allows partial transfer in.  But even then there is no way to make it automatic so you would have to apply for a partial transfer each month.  I imagine you, Moneybox and Invest Engine would all get fed up of this pretty quickly.