Flexible ISA and Partial Transfer

EpicCheeseToasties

Hello

I have a flexible cash ISA with Chip Bank and have deposited £10k this year but recently withdrew £5k to cover a large expense.  As I understand it, I can replace the £5k funds into Chip without affecting my overall £20K allowance.

I have also recently opened a flexible Trading 212 cash ISA with a better interest rate and am aiming to deposit the remaining £10k allowance for the year here with monthly savings deposits.

I would like to have the majority of my current cash ISA savings in Trading 212 to take advantage of the higher interest rate.  Trading 212 say they offer partial transfers and I was wondering if it is possible to transfer say £4k of my Chip ISA balance, leaving £1k in Chip to keep the account open to retain the ability to repay the £5k I withdrew to try to make full use of my annual allowance. 

Does anyone know if this possible, I don't want to fall foul of the rules! 
Thank you 

slinger2

It's not against the rules. However providers can choose whether to allow partial transfers out or partial transfers in. So it depends on Chip and Trading212. 

EpicCheeseToasties

Thank you so much!  I hadn't realised that the details are dependent on the individual company.  I will contact them and see what happens - fingers crossed !

slinger2

Having looked at chip it seems like they don't allow partial transfer out

EpicCheeseToasties

Ah, thats a shame, I will have to rethink!.  Thanks again for taking the time to help 😊.

eskbanker

When you've accumulated £5K in the T212 ISA, withdraw it (flexibly), pay it into the Chip one (matching the earlier withdrawal), then do a full transfer from Chip to T212, and refill the £5K gap in T212 if/when you have the funds available.

EpicCheeseToasties

That is a brilliant idea and solves the problem, I've definitely got a lot to learn, still trying to get my head around the new ISA rules! Thanks so much