ISA allowing partial transfers in question.

arnhemrd

I have a substantial S&S ISA with Interactive Investor, and I am looking at selling around 60k worth of stock to keep the cash under the ISA umbrella.

I've spent hours trawling through different ISAs to find a provider which will allow partial transfers in.

I thought I had it sorted when looking at the Santander 4.5%, plus the added bonuses of the E Vouchers, but it seems that I would need to sell all my S&S holdings and transfer the whole value at once, which I don't want to do.

My question is, has anyone come across this scenario before, and did you find any suitable providers?

Thankyou.

eskbanker

Not sure which ISAs accept partial transfers but I'm sure there have been previous forum threads asking similar questions, so perhaps worth a search.

However, as an alternative, you might wish to consider keeping the money in the existing S&S ISA but investing in low-risk cash-like products such as short term money market funds?

badger09

I sold a little over £40k of stock in my S&S ISA with IWeb, now Scottish Widows, in October last year and transferred the rounded sum cash to a Virgin Money Flexible ISA.

masonic

Most providers will accept partial transfers. Santander's paper cash ISA transfer form suggests they do, so presumably your issue is that you want to qualify for an incentive, which would be based on the initial transfer value?

It might help to share your list of providers you think don't accept partial transfers.

JGB1955

I'm in the process of a partial transfer from my Interactive Investor S&S ISA to Virgin Money.

sausage_time

Santander do allow partial transfers. So you can sell your £60k of shares then transfer just the uninvested cash element.

If you wanted to take advantage of the current e-voucher offer then you would have to transfer the whole value.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81959913#Comment_81959913

Alternatively, make a partial transfer from the existing S&S ISA to a new non-Santander cash ISA (that accepts partial transfers), and then make a full transfer of that interim one into Santander, thus qualifying for the offer, if still running by then…