Transfer Cash ISA to Stocks & Shares ISA - remaining allowance has reduced??

FrankRizzo

Hello,

Any help appreciated.

I initiated the transfer from Zopa Cash ISA to Trading 212 Stocks ISA, which is now complete.

Prior to transfer Zopa app said “£33,424.47 left to save this tax year”. However Trading212 app says remaining allowance is £20,000.

I thought as-long as the transfer was initiated via the provider then your allowance would also carry over?

Can anyone please help?

many thanks 

Section62

FrankRizzo said:

Hello,

Any help appreciated.

I initiated the transfer from Zopa Cash ISA to Trading 212 Stocks ISA, which is now complete.

Prior to transfer Zopa app said “£33,424.47 left to save this tax year”. However Trading212 app says remaining allowance is £20,000.

I thought as-long as the transfer was initiated via the provider then your allowance would also carry over?

Can anyone please help?

many thanks 

If it is a flexible ISA and you've made a withdrawal during the current tax year, you have to return the withdrawn money to the same account before initiating a transfer to a different provider.  If you don't, the flexible part of the allowance is lost.

The figure of £33,424.47 suggests you made total withdrawls of £13,424.47 this tax year?  That said, the 'remaining allowance' figures always need to be treated with caution as the provider only knows about the subscriptions (and withdrawals) you've made with them.

FrankRizzo

Thanks appreciated.

Yes Zopa was a flexible cash ISA and I have been moving money in and out of the account throughout the year. I don’t have any other ISA’s with other providers.

When you initiate the ISA transfer, does the old ISA automatically close? If not, could I simply add £13,424.47 from my current account into Zopa Cash ISA and then initiate another transfer into Trading212 ISA?

Ayr_Rage

I transferred an ISA from HL to T212 in August 2025, my £20,000 for this year had been subscribed to the HL ISA.

However T212 showed I had the full allowance available.

I queried this with T212 and they advised they were still waiting on a "transfer history form" from HL even though the transfer was complete.

It took 2 months for the correct information to be showing in the T212 app.

My guess is that Zopa haven't sent over that pesky history yet.

flaneurs_lobster

Those "allowance remaining" counters on the ISA provider's sites cannot be relied on, they do not take account of any allowance that has been subscribed (or subscribed and withdrawn) with another provider.

FrankRizzo

Thanks. Does that mean I would need to manually tally up transactions out and in?

What if the £13,424 missing allowance is accurate - does that mean Trading212 should show it?

flaneurs_lobster

FrankRizzo said:

Thanks. Does that mean I would need to manually tally up transactions out and in?

Not sure about "need to" but I took the decision when the ISA regs were loosened (2 years ago?) that I'd keep accounts for each cash ISA (and across them) opened and/or funded in that year, has been useful as I've played "hunt the bonus rate" with the FinTecs with contributions that are approaching the annual limit.

eskbanker

FrankRizzo said:

What if the £13,424 missing allowance is accurate - does that mean Trading212 should show it?

No, it's not up to them to show it, as far as they're concerned your current year allowance is £20K but if you wish to replenish £13,424 of prior year money then that needs to be done via Zopa before transferring, as you'd mentioned earlier.

Section62

FrankRizzo said:

...
When you initiate the ISA transfer, does the old ISA automatically close? If not, could I simply add £13,424.47 from my current account into Zopa Cash ISA and then initiate another transfer into Trading212 ISA?

AIUI if you ask for a full transfer then the old account will be closed.  If you request a partial transfer the old account will stay open so long as there is a balance remaining in the account after the transfer (and subject to the account T&C's).

It might be worth asking Zopa if the account is still open (assuming you don't already know) and whether you can pay the flexible withdrawals back in.  You might get lucky.

I make it a habit not to do full transfers, just to avoid hassle involved if the old account is closed and if there is then some kind of issue with the transfer.  Alternately, using a provider (e.g. Nationwide) who allow you to spread the allowance out over the multiple ISA accounts you hold with them.

masonic

Your only option at this stage is to contact Zopa. Your maximum ISA allowance at Trading212 will be £20k, anything flexibly withdrawn that put your Zopa allowance above this cannot be transferred.

If closed, perhaps they will reinstate the ISA with a zero balance to let you replace the money you withdrew.

What type of transfer did you actually request? Full or partial? Include current year subscriptions?