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Moving my poorly performing Stocks and Shares ISA to a cash ISA

I have had Stocks and Shares ISA for 9 years with very poor return. I want to move some of it into a higher interest cash ISA. Can I do this directly, without going via my bank? I know there is a form that can be completed. Is this the safest way to do it?

Comments

  • Ayr_Rage
    Ayr_Rage Posts: 3,430 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 27 January 2025 at 11:10AM
    To keep it in an ISA you MUST initiate an ISA transfer with the (new) Cash ISA provider.

    You need to pick a provider than can accept incoming transfers from S&S ISAs.
  • eskbanker
    eskbanker Posts: 38,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I have had Stocks and Shares ISA for 9 years with very poor return. 
    Which investments do you hold, and what has the return been versus what you expected when initially investing?  What are your objectives for this money and are they the same as they were nine years ago?
  • Thanks for the comments. I shall be checking out the best options for cash ISA's, and will see if they accept the transfer form first.
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