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    • vertex
    • By vertex 6th Aug 18, 7:28 PM
    • 132Posts
    • 11Thanks
    Transfer S&S ISA to Cash ISA
    • #1
    • 6th Aug 18, 7:28 PM
    Transfer S&S ISA to Cash ISA 6th Aug 18 at 7:28 PM

    Ive just sold a lot of my S&S ISA (and kept it within its ISA wrapper). Id like to build up some cash reserves in anticipation of a rocky road ahead. So it makes sense to transfer the cash to a cash ISA.

    What things should I bare in mind before doing this? For example, can the cash be transferred back into a S&S ISA at a later date (from memory I think I read somewhere that you cant do this?).

    Any suggestions/advice would be appreaciated. Thanks.
Page 1
    • masonic
    • By masonic 6th Aug 18, 8:02 PM
    • 9,662 Posts
    • 6,862 Thanks
    • #2
    • 6th Aug 18, 8:02 PM
    • #2
    • 6th Aug 18, 8:02 PM
    You can transfer back from a cash ISA to S&S ISA. Once upon a time you couldn't go from S&S to cash, but that's no longer true.

    You should be aware that there may be a charge for transferring out of a S&S ISA and that partial transfers might not be allowed.

    Depending on whether you think you'll use the annual 20k allowance in the future, and how much you intend to remove, you might be better off simply withdrawing the money with the caveat that you might not be able to replace it in one go. Interest rates tend to be higher outside of ISAs and you might be better off even after any tax is taken into account.
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