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Cash in a S&S ISA ?

I intend to open a Nationwide fixed rate cash ISA.

I want to fund this via a transfer from my Scottish Widows S&S ISA, currently the funds are in a Royal London short term money market fund, when I sell this fund it will be a cash balance in the account, would that then be a cash ISA to cash ISA transfer or a S&S ISA to cash ISA transfer, since technically although cash it’s in a S&S ISA.

Thank you.

Comments

  • Umiamz
    Umiamz Posts: 606 Forumite
    Seventh Anniversary 500 Posts Name Dropper

    It would be S&S to Cash but should be just as quick as a Cash to Cash transfer.

  • masonic
    masonic Posts: 29,760 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    Worth noting that a cash transfer from a S&S ISA to a cash ISA does not need to adhere to the same time limits as are in place for cash ISA to cash ISA transfers.

  • SloughSally
    SloughSally Posts: 51 Forumite
    10 Posts Name Dropper

    I’ve just noticed on the Nationwide transfer form when asked to select current provider it lists Scottish Widows Bank PLC . but not Scottish Widows investment platform, these are actually different companies although both owned by Lloyds . How would or is it possible to transfer from the investment platform to Nationwide?
    Thank You.

  • masonic
    masonic Posts: 29,760 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 10 May at 2:51PM

    Looking online, e.g. at https://www.nationwide.co.uk/savings/help/transfer-isa/#ready-to-start-your-isa-transfer , it implies you will need to arrange the transfer in branch. Online transfers seem to be limited to cash ISA to cash ISA transfers.

    image.png
  • SloughSally
    SloughSally Posts: 51 Forumite
    10 Posts Name Dropper

    Thank you, I’ve just noticed that👍

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