Can I open a cash isa then immediately transfer to s&s isa?
Can I open a cash isa then immediately transfer to s&s isa?
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Discussion

was8v

Original Poster:

2,013 posts

224 months

Saturday 26th February 2022
quotequote all
I've filled my s&s isa allowance this year

Can I just open a cash isa, then immediately transfer it to my s&s isa to get more in?

I note isa transfers don't count for limits, and you can transfer cash isas to s&s

AllyM

533 posts

205 months

Saturday 26th February 2022
quotequote all
If I understand correctly, the answer is NO.

£20k is the max per FY, so if you have put that in the S&S ISA already then you can’t put anything in the cash ISA until next FY.

You can transfer in old ISA holdings.

Edited by AllyM on Saturday 26th February 20:58

trickywoo

14,138 posts

259 months

Saturday 26th February 2022
quotequote all
The different allowances for cash and s&s isa finished years ago. It’s been a flat £20k a year in any isa combination for a long time.

The answer to your question is therefore no.