Move to a SIPP S&S(stocks&Shares) from a standard ISA

gesdt50

Good day, Is it possibly to move/convert having maxed out the New 2026 tax year ISA already from its S&S(stocks and shares) only status now and move/convert/invest it in a SIPP S&S (stocks and shares) pension?

Thanks for any advice

NoMore

No direct transfer method, you would have to sell and withdraw from the ISA, then contribute to the SIPP and re buy your investments.

You would also need enough relevant earned income this year to cover the tax relief in the Pension. Note Pension income doesn't count as relevant earned income in this case.

masonic

If you are outside of the cooling off period for your S&S ISA (assuming it is a new account) and it is not a flexible S&S ISA (most aren't) then this would result in the loss of your 2026/27 ISA allowance.

Are you sure you want to take the money out of your ISA and pay it into a SIPP? Will you not have any other income during the year that could be used to fund the SIPP and leave the ISA intact? It just seems like a very odd scenario unless you've decided it was a mistake to use an ISA.

An alternative would be to transfer the S&S ISA to a flexible cash ISA and use your 2026/27 income to fund your SIPP (or better yet a workplace pension with salary sacrifice) and live off the cash ISA if your remaining income is insufficient. That way you at least have the option to earn a good rate of interest along the way and potentially refill it if you can.

Also, it is probably worth mentioning that if you add £20k to a SIPP and a month later decide you want to take it out again, then you'll be disappointed (unless you happen to be of a certain age already).

gesdt50

Thanks for the responses

"Are you sure you want to take the money out of your ISA and pay it into a SIPP? Will you not have any other income during the year that could be used to fund the SIPP and leave the ISA intact? It just seems like a very odd scenario unless you've decided it was a mistake to use an ISA."

so much time invested in the workplace/worktime, pension specialist terms instruments, mechanisms acyronyms learning in spare time meant better choice may have been chosen

fuzzzzy

Seems unusual to want to move funds from an ISA to a SIPP.

Judging from a previous post maybe the OP has somehow oversubscribed to an ISA?

https://forums.moneysavingexpert.com/discussion/6659072/isas-now-been-taxed-over-20-000/p1

winkowinko

Depends how much you have in both I guess. For example, I have about 5 times the amount in my S&S ISA compared to my SIPP, and have often thought about shifting a chunk across to the SIPP each year.

But for now, i'm just throwing any spare money into my SIPP so it should catch up with the ISA over time.

dunstonh

Seems unusual to want to move funds from an ISA to a SIPP.

Not really, I do dozens like that every year. The SIPP wrapper is more tax-efficient than the ISA wrapper for most people. So if they have limited funds available outside a tax wrapper, using the ISA as the source of funds is the next option.

fuzzzzy

https://forums.moneysavingexpert.com/discussion/comment/81992540#Comment_81992540

Yeah thinking about it I guess it can make sense when you have limited taxable funds.

masonic

It's not the movement from one to the other that is unusual per se. But bunging £20k into an ISA in April and then wanting to move it from there to a SIPP in May.

OP has scattered scant information across several threads over the past couple of months, which appears to have limited the ability for people here to help. Folk here are pretty generous with their time in finding a good outcome for a poster if they are allowed the opportunity to do so. Rather than focusing on the facts of what is and isn't mechanistically possible.

Sinking over two thirds of your annual income into a SIPP near the start of a tax year isn't something that should be done lightly, having just previously made a mistake with a similar decision.