We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
IFISA transfer questions
buyhighselllow
Posts: 280 Forumite
Hi
Couple of questions for clarifaction
Can I transfer 15K from a 17/18 IFISA to a stocks and shares ISA with whom I have a 18/19 ISA and have make 10K contributions already this year ( but non the proceeding year 17/18 ) ?
Can I make 10K contributions to a 18/19 IFISA and then transfer 10k later this year to a S&S ISA provider with whom I have already made 10K contributions in 18/19? If so do I do this as a transfer or can I just withdraw 10K from the IFISA and then add it to the S&S ISA ?
Cheers
Couple of questions for clarifaction
Can I transfer 15K from a 17/18 IFISA to a stocks and shares ISA with whom I have a 18/19 ISA and have make 10K contributions already this year ( but non the proceeding year 17/18 ) ?
Can I make 10K contributions to a 18/19 IFISA and then transfer 10k later this year to a S&S ISA provider with whom I have already made 10K contributions in 18/19? If so do I do this as a transfer or can I just withdraw 10K from the IFISA and then add it to the S&S ISA ?
Cheers
Over £2K made from bank switches and P2P incentives since 2016 :beer:
0
Comments
-
You can transfer anything from one ISA to another subject to:
- Arranging this via the receiving provider
- The recipient accepting inbound transfers
- The sending party allowing partial transfers
- All current year contributions (per ISA type) being kept together
- (other specific rules apply only to Lifetime and Help to Buy ISAs)
For the last question, it would need to be done as a transfer as you wouldn't have any residual 2018/19 allowance left if you'd already paid £10K into each of a IFISA and a S&S ISA.0 -
Do both providers allow partial transfers?
Does your IFISA allow flexible withdrawals?0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards