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

Boring Money