Full transfer of current year subscription only ISA

[Deleted User]

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

eskbanker

[Deleted User] 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?

Surely it's a full transfer you want?  Which platform are you looking at?

[Deleted User]

eskbanker said:

[Deleted User] 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?

Surely it's a full transfer you want?  Which platform are you looking at?

So I was slightly confused at whether to tick “all” subscriptions or whether to click “current year” and then specify I wanted the full amount to come over. It’s only current year subscriptions involved but I’m assuming ticking “all” would constitute an all size fits all? (Which I think you’re alluding to)

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?

eskbanker

[Deleted User] said:

eskbanker said:

[Deleted User] 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?

Surely it's a full transfer you want?  Which platform are you looking at?

So I was slightly confused at whether to tick “all” subscriptions or whether to click “current year” and then specify I wanted the full amount to come over. It’s only current year subscriptions involved but I’m assuming ticking “all” would constitute an all size fits all? (Which I think you’re alluding to)

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?

Specifying that you want to make a full transfer (i.e. 'all') keeps it simple, as there's no need to pay any attention to contributions per year and it's just a case of bringing over everything that's there, regardless of the history of how the balance changed over time.

[Deleted User]

eskbanker said:

[Deleted User] said:

eskbanker said:

[Deleted User] 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?

Surely it's a full transfer you want?  Which platform are you looking at?

So I was slightly confused at whether to tick “all” subscriptions or whether to click “current year” and then specify I wanted the full amount to come over. It’s only current year subscriptions involved but I’m assuming ticking “all” would constitute an all size fits all? (Which I think you’re alluding to)

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?

Specifying that you want to make a full transfer (i.e. 'all') keeps it simple, as there's no need to pay any attention to contributions per year and it's just a case of bringing over everything that's there, regardless of the history of how the balance changed over time.

Great, I’m going to go ahead and do exactly this