What happens when I move my ISAs?

The name of the pictureThe name of the pictureThe name of the pictureClash Royale CLAN TAG#URR8PPP





.everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty margin-bottom:0;







up vote
1
down vote

favorite












I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around.



For simplicity let's assume that ISA allowance is constant at £20K and I always use it all.



If in tax year 2018/19, I have an ISA (stock & shares) with provider Alpha,
and the next tax year 2019/20 I have opened another ISA (stock & shares) with provider Bravo for whatever reason (lower platform costs or something), what will happened if in the middle of tax year 2019/20 for some reason I’m not happy with my Alpha provider (ISA 2018/19)? Can I move this ISA (2018/19) to some other provider or am I stuck with them? Will I lose my tax free perk for that £20K as I have already reached the £20K allowance with provider Bravo?



How does this work? Do I need to keep an ISA with the same provider year after year?






united-kingdom isa







share|improve this question





























    up vote
    1
    down vote

    favorite












    I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around.



    For simplicity let's assume that ISA allowance is constant at £20K and I always use it all.



    If in tax year 2018/19, I have an ISA (stock & shares) with provider Alpha,
    and the next tax year 2019/20 I have opened another ISA (stock & shares) with provider Bravo for whatever reason (lower platform costs or something), what will happened if in the middle of tax year 2019/20 for some reason I’m not happy with my Alpha provider (ISA 2018/19)? Can I move this ISA (2018/19) to some other provider or am I stuck with them? Will I lose my tax free perk for that £20K as I have already reached the £20K allowance with provider Bravo?



    How does this work? Do I need to keep an ISA with the same provider year after year?






    united-kingdom isa







    share|improve this question

























      up vote
      1
      down vote

      favorite









      up vote
      1
      down vote

      favorite











      I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around.



      For simplicity let's assume that ISA allowance is constant at £20K and I always use it all.



      If in tax year 2018/19, I have an ISA (stock & shares) with provider Alpha,
      and the next tax year 2019/20 I have opened another ISA (stock & shares) with provider Bravo for whatever reason (lower platform costs or something), what will happened if in the middle of tax year 2019/20 for some reason I’m not happy with my Alpha provider (ISA 2018/19)? Can I move this ISA (2018/19) to some other provider or am I stuck with them? Will I lose my tax free perk for that £20K as I have already reached the £20K allowance with provider Bravo?



      How does this work? Do I need to keep an ISA with the same provider year after year?






      united-kingdom isa







      share|improve this question















      I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around.



      For simplicity let's assume that ISA allowance is constant at £20K and I always use it all.



      If in tax year 2018/19, I have an ISA (stock & shares) with provider Alpha,
      and the next tax year 2019/20 I have opened another ISA (stock & shares) with provider Bravo for whatever reason (lower platform costs or something), what will happened if in the middle of tax year 2019/20 for some reason I’m not happy with my Alpha provider (ISA 2018/19)? Can I move this ISA (2018/19) to some other provider or am I stuck with them? Will I lose my tax free perk for that £20K as I have already reached the £20K allowance with provider Bravo?



      How does this work? Do I need to keep an ISA with the same provider year after year?






      united-kingdom isa




      united-kingdom isa






      share|improve this question















      share|improve this question













      share|improve this question




      share|improve this question








      edited 4 hours ago









      yoozer8

      1,8453921




      1,8453921










      asked 4 hours ago









      MMT

      1235




      1235




















          1 Answer
          1






          active

          oldest

          votes

















          up vote
          4
          down vote













          It's done through a transfer ISA form - handled by the providers (the one you are moving to)



          You have to move it all in one go from one provider to another, and this will not affect your yearly ISA limit.



          https://www.gov.uk/individual-savings-accounts/transferring-your-isa



          It has to be done this way, if you took it out manually and tried to put it back in you would use all your 20K allowance (or if your ISA was larger than 20K, would not be able to move it all)






          share|improve this answer






















            Your Answer








            StackExchange.ready(function()
            var channelOptions =
            tags: "".split(" "),
            id: "93"
            ;
            initTagRenderer("".split(" "), "".split(" "), channelOptions);

            StackExchange.using("externalEditor", function()
            // Have to fire editor after snippets, if snippets enabled
            if (StackExchange.settings.snippets.snippetsEnabled)
            StackExchange.using("snippets", function()
            createEditor();
            );

            else
            createEditor();

            );

            function createEditor()
            StackExchange.prepareEditor(
            heartbeatType: 'answer',
            convertImagesToLinks: true,
            noModals: true,
            showLowRepImageUploadWarning: true,
            reputationToPostImages: 10,
            bindNavPrevention: true,
            postfix: "",
            imageUploader:
            brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
            contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
            allowUrls: true
            ,
            noCode: true, onDemand: true,
            discardSelector: ".discard-answer"
            ,immediatelyShowMarkdownHelp:true
            );



            );













             

            draft saved


            draft discarded


















            StackExchange.ready(
            function ()
            StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f101859%2fwhat-happens-when-i-move-my-isas%23new-answer', 'question_page');

            );

            Post as a guest

















            1 Answer
            1






            active

            oldest

            votes








            1 Answer
            1






            active

            oldest

            votes









            active

            oldest

            votes






            active

            oldest

            votes








            up vote
            4
            down vote













            It's done through a transfer ISA form - handled by the providers (the one you are moving to)



            You have to move it all in one go from one provider to another, and this will not affect your yearly ISA limit.



            https://www.gov.uk/individual-savings-accounts/transferring-your-isa



            It has to be done this way, if you took it out manually and tried to put it back in you would use all your 20K allowance (or if your ISA was larger than 20K, would not be able to move it all)






            share|improve this answer


























              up vote
              4
              down vote













              It's done through a transfer ISA form - handled by the providers (the one you are moving to)



              You have to move it all in one go from one provider to another, and this will not affect your yearly ISA limit.



              https://www.gov.uk/individual-savings-accounts/transferring-your-isa



              It has to be done this way, if you took it out manually and tried to put it back in you would use all your 20K allowance (or if your ISA was larger than 20K, would not be able to move it all)






              share|improve this answer
























                up vote
                4
                down vote










                up vote
                4
                down vote









                It's done through a transfer ISA form - handled by the providers (the one you are moving to)



                You have to move it all in one go from one provider to another, and this will not affect your yearly ISA limit.



                https://www.gov.uk/individual-savings-accounts/transferring-your-isa



                It has to be done this way, if you took it out manually and tried to put it back in you would use all your 20K allowance (or if your ISA was larger than 20K, would not be able to move it all)






                share|improve this answer














                It's done through a transfer ISA form - handled by the providers (the one you are moving to)



                You have to move it all in one go from one provider to another, and this will not affect your yearly ISA limit.



                https://www.gov.uk/individual-savings-accounts/transferring-your-isa



                It has to be done this way, if you took it out manually and tried to put it back in you would use all your 20K allowance (or if your ISA was larger than 20K, would not be able to move it all)







                share|improve this answer














                share|improve this answer



                share|improve this answer








                edited 4 hours ago

























                answered 4 hours ago









                Tim

                59817




                59817



























                     

                    draft saved


                    draft discarded















































                     


                    draft saved


                    draft discarded














                    StackExchange.ready(
                    function ()
                    StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f101859%2fwhat-happens-when-i-move-my-isas%23new-answer', 'question_page');

                    );

                    Post as a guest
































































                    Comments

                    Post a Comment

                    Popular posts from this blog

                    Long meetings (6-7 hours a day): Being “babysat” by supervisor

                    Image
                    Clash Royale CLAN TAG #URR8PPP .everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty margin-bottom:0; up vote 31 down vote favorite 4 I hold a PhD in mechanical engineering with a 7 year background in self-guided, self-paced research including 2 years as a graduate level course instructor and a subject matter expert for various engineering projects in a university setting in the United States. For the last 10-11 months, I am working in a research industry in France where my task is to debug C++ spaghetti code written over a period of several years by my current supervisor. It is a team of 2: just I and my supervisor. Diurnally, I am posed with a "bug of the day" to get out of this C++ code. My supervisor generally gives me about 15-30 minutes to solve it and then accosts me about whether or not the task is completed and then rinses and repeats this until the end of the day. Off-late, my supervisor has been holding 6-7 hour long "meetin
                    Read more

                    Is the Concept of Multiple Fantasy Races Scientifically Flawed? [closed]

                    Image
                    Clash Royale CLAN TAG #URR8PPP up vote 2 down vote favorite Many fantasy worlds have multiple humanoid species (elves, orcs, humans, etc) living in the same world, in addition to that, they often have the ability to interbreed. And I can't help but question their believability... fantasy-races reproduction interspecies-relations share | improve this question edited Aug 9 at 14:46 Michael Kjörling ♦ 21.1k 10 85 161 asked Aug 9 at 13:13 Chlodio 118 6 closed as unclear what you're asking by MichaelK, Gryphon, John, Vincent, Frostfyre Aug 9 at 15:25 Please clarify your specific problem or add additional details to highlight exactly what you need. As it's currently written, it’s hard to tell exactly what you're asking. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question. 3 Stack Exchange exist to
                    Read more

                    Confectionery

                    Image
                    Prepared foods made with a lot of sugar or other cabohydrates "Sweetmeat" redirects here. For the racehorse, see Sweetmeat (horse). Not to be confused with Sweetbread. This Kransekake is a traditional Scandinavian baker's confection. Confectionery is the art of making confections , which are food items that are rich in sugar and carbohydrates. Exact definitions are difficult. [1] In general, though, confectionery is divided into two broad and somewhat overlapping categories, bakers' confections and sugar confections. [2] Bakers' confectionery, also called flour confections , includes principally sweet pastries, cakes, and similar baked goods. Sugar confectionery includes candies ( sweets in British English), candied nuts, chocolates, chewing gum, bubble gum, pastillage, and other confections that are made primarily of sugar. In some cases, chocolate confections (confections made of chocolate) are treated as a separate category, as are sugar-free versions of
                    Read more