UKC

ISAs

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 Trangia 08 Jul 2014

I know that if you have used up your £15,000 annual ISA allowance you cannot inject more fresh money into an ISA this year, but does anyone know if under the ISA Rules, it is permissible to transfer exising Cash ISAs into a Stocks and Shares ISA in the current year when you have already used up your Stocks and Shares ISA allowence (£15,000) this year, because they are all in effect existing ISAs?
Post edited at 16:02
 RockSteady 08 Jul 2014
In reply to Trangia:

Yes, you can transfer an existing Cash ISA/ISAs into a stocks and shares ISA separately from your current year limit. But don't try to do it yourself via a withdrawal - you need to fill out an ISA transfer form with your new (proposed) ISA provider, who will do all the back office transferring stuff.

http://www.hmrc.gov.uk/isa/transfer-isa.htm
OP Trangia 08 Jul 2014
In reply to RockSteady:

Many thanks for that.

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