Move funds from T212 Cash ISA to T212 Stock And Shares ISA

šŸ¤ Help
1

Hi,

I currently have two ISAs opened with T212 (Cash and SS) and am looking to potentially move some of the funds from the Cash ISA to the SS ISA.

Can this simply be done from the Manage Funds section without affecting the ISA allowances in any way? Iā€™m aware that transfers between ISAs need to follow a strict set of rules. Basically, I donā€™t want to end up in a scenario where this transfer is considered a withdrawal from the Cash ISA followed by a deposit to the SS ISA, which would then count towards the yearly allowance.

2

Welcome to the Community, @p123 :wave:

Yes, you can move funds between your two ISAs at any time from the ā€˜Manage fundsā€™ tab. All transfers between the two accounts are instant, donā€™t impact your allowance, and are free of charge :raised_hands:

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3

Hi, would it be possible to add this information to the FAQ / Help Centre?

Either in here or a new page in this section?

Thanks.

1 Like
4

Thanks for the input. Weā€™ll update the Help Centre article about this topic shortly :blush:

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5

I have read a post saying you can have both Cash ISA & S&S ISA in same Tax year. I have 20k in Cash ISA. but would like to Split this, with S&S ISA. just cant work out how to do this on Trading 212. I can see I can withdraw from Cash ISA to Invest account. just not sure if this is right way of doing it.

6

@RobM62, I merged your topic over here as we covered your question :point_down:

7

Are the funds of this tax year free to move between Cash ISA and Stock and Shares ISA via ā€œMove Fundsā€ from 6th of April without affecting next tax year allowance? @Bogi.H

8

If you transfer funds between the two ISAs (Cash and S&S ISA), the ISA allowance wonā€™t be affected. Transferring between ISA and CFD or Invest will impact the allowance, though.

1 Like