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    • Home • Advice • Common questions

    Can I switch my Cash ISA to a Stocks & Shares ISA?

    26 March 2025

    Question by Matthew

    Hi,

    I have a Cash ISA with Leeds B/S which matures in May 2025. I took it out at the end of March 24. I'd like to transfer it and keep the allowance, not withdraw it. I'd also like to change it to a Stocks & Shares ISA. Is this possible?

    I also have a Stocks & Shares ISA with Moneybox for 24/25 with 20k, which I will leave. I also intend to open one for 25/26 with 20k with Trading 212. Is this allowed or legal?

    Answered by Boring Money

    Hi there,

    Thanks for sending in your questions.

    Yes, you should be able to transfer your existing Leeds Building Society Cash ISA to a Leeds Building Society Stocks & Shares ISA as long as you follow the proper transfer process. You can find the details on how to do this here.

    For your second question, you need to be mindful of the annual allowance. It is allowed and legal to open multiple Stocks & Shares ISAs, provided that your total ISA contributions per tax year do not exceed £20k.

    In your scenario, you have already used your current tax year's allowance for your Moneybox ISA, and intend to use your full allowance for the next tax year to open a new Trading 212 ISA. There is no issue with this as your annual contributions are not exceeding £20k.

    Hope this clears things up!

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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