Full transfer of current year subscription only ISA
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Rexxx
Posts: 121 Forumite
Hi there,
I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?
TIA
I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?
TIA
0
Comments
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Rexxx said:I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?1 -
eskbanker said:Rexxx said:I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?
I was looking at AJ Bell but possibly Vanguard (aware not a platform) - neither accept part transfers of current years subscriptions. I’m looking to transfer the whole lot of what is left, it’s just that part of what I subscribed has already come out of the wrapper (to pay for something) and I didn’t want that to cause an issue?0 -
Rexxx said:eskbanker said:Rexxx said:I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?
I was looking at AJ Bell but possibly Vanguard (aware not a platform) - neither accept part transfers of current years subscriptions. I’m looking to transfer the whole lot of what is left, it’s just that part of what I subscribed has already come out of the wrapper (to pay for something) and I didn’t want that to cause an issue?0 -
eskbanker said:Rexxx said:eskbanker said:Rexxx said:I have recently used an ISA to wrap work based shares coming out of a scheme. Once in the ISA I sold and withdrew a proportion that I needed personally.
There is now a cash balance left in this ISA which I wish to transfer to a cheaper platform - this platform only accepts partial transfers from the current tax year subscription (despite the law changing).
Given I withdrew and 9k became 5k - I assume the platform provider would still consider the 5k (the whole balance left) moving over as constituting the whole years subscription?
I was looking at AJ Bell but possibly Vanguard (aware not a platform) - neither accept part transfers of current years subscriptions. I’m looking to transfer the whole lot of what is left, it’s just that part of what I subscribed has already come out of the wrapper (to pay for something) and I didn’t want that to cause an issue?0
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