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    • Home • Advice • Common questions

    Can I transfer an investment ISA after I have maxed out on a cash ISA in the same year?

    05 April 2022

    Question by Alvin

    Can I transfer an investment ISA after I have maxed out on a cash ISA in the same year?

    Answered by Boring Money

    Hello Alvin,

    Yes, it is fine to transfer existing ISAs in any tax year. Transfers do not count towards the annual contribution allowance.

    You can also transfer an ISA in the same year that you have contributed to it, but that does not change the £20k allowance.

    Kind regards,

    Andrew

    Answered by

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    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.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    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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