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If I have cash in my vanguard ISA this tax year, am I ok to use transfer it into another Stocks and Shares ISA in the next tax year?

22 December 2021

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Question by Ritesh

Hi guys,

So I have invested in a Stocks and Shares ISA with Vanguard UK this tax year. But my plan is to invest into another S&S ISA on a different investment platform that offers REIT ETFs in the next tax year.

I know that I can't put money in two different S&S ISAs in the same tax year... but if I have cash sitting in my vanguard ISA account from this tax year, am I ok to use that cash to invest into another S&S in the next tax year? I will only be depositing cash to invest into REITS on the new investment platform next year.


Answered by Joshua Gerstler

Hi Ritesh,

As you already have the cash in your Stocks and Shares ISA, this will not count towards your 21/22 £20,000 ISA allowance.

Therefore, you could set up your new ISA in 21/22, contribute £20,000, as well as transfer the cash in your Vanguard ISA into the new ISA.

The only thing you will need to check is that both Vanguard and the new provider will allow you to make a partial ISA transfer.

I hope that helps!


Answered by

Joshua Gerstler

Chartered Financial Planner

I have been working in Financial Services for over 16 years. I started out at Deloitte where I trained and qualified as a Chartered Accountant before moving to Financial Advice/Planning at The Orchard Practice in 2011.