Can I leave some of my shares with my current ISA and pay into the new ISA while I'm in the process of transferring?
24 July 2023
Question by Edward
I have a large Stocks and Shares ISA with Fidelity, I'm looking to move some or all of it to another provider. Can I leave some or all of it with Fidelity and pay into the new provider while I'm in the process of transferring?
Answered by Lee Wells
Hi Edward,
The only rule is that you cannot contribute to more than one ISA provider in any one tax year, so provided you haven't contributed to Fidelity in this tax year, then yes you could transfer to another provider and contribute to them too.
Hope this helps
Answered by
Lee Wells
Managing Partner - Financial Planner
When Lee got his first job in the 90’s his father said ‘you should go to see my financial adviser’ (he didn’t’ know he had one). Lee dutifully went to see him and was converted by the common sense advice he was given on saving and investing for his future. He liked it so much he joined the company so he could help other people learn how to invest. Lee now runs a company passionate about providing value for money advice on a whole range of areas.