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5 things to know about ISA transfers 

The Retirement Café with Justin King
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Each tax year you get an ISA allowance, currently £20,000, which you can invest across the different ISA types each tax year.
But what if you change your mind? What if you have used your full ISA allowance by saving £20,000 into a cash ISA, but you want to switch to a stocks and shares ISA instead. Could you?
Or you’ve found a better rate of interest elsewhere, could you switch?
The quick answer is yes - but here are 5 things to consider when you’re thinking about transferring your ISA.
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Other videos you might like: 5 Types of ISA explained: • 5 types of ISA explained
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26 июл 2024

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Комментарии : 10   
@TheRetirementCafe
@TheRetirementCafe Год назад
What if you have used your full ISA allowance by saving £20,000 into a cash ISA, but you want to switch to a stocks and shares ISA instead?
@Black-Circle
@Black-Circle 3 месяца назад
is it not possible to transfer shares from another broker thats in a general account to an ISA? I'm trying to do this now. It doesn't help the CGA is £3,000 this year and who knows what it will be in the tax year after in 2025
@mohamedpatel3978
@mohamedpatel3978 Год назад
Thank you for simplifying the small print on ISAs.
@WinwickMumsocks
@WinwickMumsocks Год назад
Really helpful, thank you!
@iangreenstreet1407
@iangreenstreet1407 Год назад
Thanks very helpful
@temptempful
@temptempful Год назад
If I want to transfer previous years CashISA, does it have to be in the current financial year activa cash ISA in which I am making contribution, or it can be in othet dormant cash isa account ( i think you mentioned isa transfer is not considered as opening new account, so can it be transferred into dormant Cash isa account)?
@leestorm5640
@leestorm5640 Месяц назад
HI, If I open ISA on March and put 20k then open other in April . Can I put other 20k in April new ISA. Many thanks
@sveva7580
@sveva7580 10 месяцев назад
Hello! When I apply to transfer my old ISA in a new bank with better interest rates, the application form always wants me to declare that I have not opened any other ISA account for the current year. But I have already done it. I put this year allowance in a Fixed Rate Cash ISA with X bank and I don't want to transfer it. I only want to transfer my old Cash ISA to Y bank but it seems I cannot do it without opening a new account... Can I only transfer my old account to X bank? A bit confused😕 can you help me please?🙏🏼
@jellyboy123
@jellyboy123 4 месяца назад
in June my lloyds isa will drop from 5.3% to 1.3% if i make a new isa with lloyds and transfer funds from the previous tax year's ISA to a new ISA i made with lloyds would that affecting my current year's ISA allowance? also what about the interest i’ve accumulated can i transfer that too . i find this very confusing
@TheRetirementCafe
@TheRetirementCafe 4 месяца назад
You will want to do an ISA transfer to the new Lloyds account and that will transfer the balance. That will enable to to open a new ISA for tax year 24/24.
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