Partial ISA transfers when ISA is combination of current and previous years?

slinger2

Qyburn said:

When talking about "this year's money" does that mean just the money paid in, or does it include interest earned on that money? I would have thought it would be the latter.

I may be overcomplicating but you could do this as three transfers ..
(1) all current year to Zopa
(2) a specified sum to Paragon, such that it will end up with near enough 50%
(3) transfer whole (remaining) balance to Zopa, closing the coding account 

Zopa don't allow partial transfers out. It's all or nothing.

masonic

Qyburn said:

When talking about "this year's money" does that mean just the money paid in, or does it include interest earned on that money? I would have thought it would be the latter.

In theory it should include interest. However, providers only deal in subscriptions and interest is not a subscription. If you subscribe £20k at the start of a tax year and then want to transfer out at any point, you'd be asked about how much you'd subscribed, which cannot be more than £20k. Likewise if you flexibly withdraw >£20k including monthly interest, only £20k would be considered a withdrawal of current year subscriptions (not that this has significance now that current year subscriptions cannot be replaced in a different ISA).

Nowadays, a partial transfer would be for a specific amount, and the ISA holder would specify an amount of current year subscriptions to include, The transfer would not need to include any interest.

Sepulveda

I've read all these comments - thank you - and still somewhat confused about what to do. By 'this years money' I meant both the money paid in between April and Nov 2024, and the interest on it.