Is it possible to transfer empty S&S ISA?

🤝 Help
1

HI,
I have an ISA with Trading212 for the 2019/2020 year I’ve opened one as well for 2020/2021 year, but I haven’t transferred any funds in it yet.

Can I transfer this one to another provider? Leaving my 2019/2020 untouched ? Asking as there’s no segregation in between accounts so hard it’s hard to tell…

Thanks

2

You allowed to have multiple ISAs open with different providers, but may only add money to one of them per tax year. So provided you do not add any money to the T212 ISA during this tax year then there is no problem. Your existing 2019/20 ISA can stay in place.

3

So basically if you don’t fund an ISA within the tax year is like you never opened it.

4

Exactly right. Problems only occur if you try to add money to two different stocks and shares ISAs in the same tax year.

5

Thank you very much!

6

Hi,
Is it possible to transfer an ISA after that is funded ?

I currently have the 2019/2020 and 2020/2021 ISA allowances at Trading212.

Would it be possible to transfer the 2020/2021 to another provider at a later date during this year ? How is possibly to distinguish between the two as they are all in the same account.

Are there any fees from Trading212 when doing this ?

Thanks.