Transferring Funds

Hi all,

Are tax fees incurred if you transfer funds from one ISA to another?

You won’t be taxed for withdrawing from an ISA, but if you withdraw the money without doing a proper ISA transfer request you will not be able to reinvest that part of your tax-free allowance again.

If you do a ISA transfer request you should have no issues.

For more info:

Thank you for your reply and the link, MitchB :+1: