Can I change Cash ISA into Stocks & Shares ISA?

woodsford
woodsford Posts: 62 Forumite
Fourth Anniversary 10 Posts
edited 15 May at 2:21PM in ISAs & tax-free savings
Hello

I have two ISAs; Cash ISA and Stocks & Shares ISA.

I opened Cash ISA in 2024 financial year and also opened Stocks & Shares ISA in 2025 financial year.

Can I change the Cash ISA into a completely new Stocks & Shares ISA w/o sacrificing my tax free amount for 2025 financial year?

Thanks.

Comments

  • boingy
    boingy Posts: 1,842 Forumite
    1,000 Posts First Anniversary Name Dropper
    Yes.

    You don't change it. You transfer it. Open a new S&S ISA with your chosen provider then get them to handle the transfer. That way you keep everything inside an ISA. You could also transfer the cash ISA into your existing S&S ISA if you choose. But the key is that the receiving ISA must do the transfer. 
  • kimwp
    kimwp Posts: 2,626 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    Why do you want a different stocks and shares ISA from the one you have? 
    Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.php

    For free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.
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