Can I transfer an empty S&S ISA in order to make more contributions this year?

msallenmsallen Forumite
1.5K Posts
Tenth Anniversary 1,000 Posts Name Dropper
Hi all

I'd appreciate some input from someone in the know about this.

I previously had a small S&S ISA with Virgin. The last monthly contribution I made was in April (after 6th) this year, and I cashed it in a few weeks later. I would now like to start an S&S ISA with a different platform - one that offers me a much wider choice of funds/ITs/shares.

I know I cannot just open another S&S ISA as I have already contributed to one this tax year, but would it be be possible/legal to transfer my Virgin S&S ISA (value £0) to a new platform and then make contributions to it this year?

If not, would a possible workaround be to invest a small amount back into the Virgin one first so that its not empty.



This discussion has been closed.
Latest MSE News and Guides

Christmas lights running cost

We've crunched the numbers

MSE Guides

Advent Competitions

The countdown is on

MSE Forum

Baileys £10 for 1L at Tesco

When you scan your Clubcard

MSE Deals