Transfer in previous year cash ISA and how to open account

🤝 Help
1

I currently have a stocks and shares ISA with Charles Stanley that I have invested £5k in this financial year. I don’t want to sell the stocks and be out of the market while it transfers in cash to T212.

I would therefore like to open an ISA using funds from a previous tax year, from a Barclays cash ISA. Am I right in presuming this is allowed and would permit me to trade using a previous year’s ISA funds? And would that allow me to continue with Charles Stanley for this tax year?

Secondly, as part of the Trading 212 application process terms and policies, I am required to agree to the ISA declaration which states the following, neither of which I can agree to:

“I apply for a stocks and shares ISA for the tax year 6 April 2020 to 5 April 2021 and each subsequent tax year as required.”

(I wish to open one for a previous year’s funds - not this year)

“I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year that I subscribe to this stocks and shares ISA”

(not true as I have one with Charles Stanley).

How can I therefore open an account with T212 and transfer in cash from a previous year’s ISA without opening one for this year, please?

I’d appreciate anyone’s help with this.

Thanks,

Pete

2

Yes, you’ll be to open an ISA account with us and to transfer your previous year(s) subscription, while keeping your current year ISA allowance with your provider.

All you need to do is to sign-up for an ISA account with us and to reach us out at isa@trading212.com so that we can proceed with the transfer.

3

Thanks Tony.V.

If I sign up to the ISA, I have to agree to those terms and conditions I quoted above - which are not true, in my case.

How can I circumnavigate that? Or are you just saying I should agree to them anyway!?