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.