Moving from Cash ISA to S&S in the same year

[cb31]

I put 20k into a Cash ISA last July and it earns me something like £50 a month. I want to withdraw this on April 2nd after this months interest goes in and then put the 20k into a Fidelity S&S ISA. This seems doable but what happens to the £550 interest I have earned so far this tax year? Is it still tax free or will it now be taxable if I don't keep the Cash ISA the whole year?

[ChrisH72]

There's no issue with taking the interest out. It isn't taxable.