Is merging old SS ISAs possible?

Tachyon

Tachyon

Tachyon

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I've a couple of old stocks and shares ISAs from a number of years back. I also want to open a new stocks and shares ISA fairly soon with an online broker and transfer my old ISAs to this broker as well. However, as I can only pay into one stocks and shares ISA a year I'm wondering is it possible to some how merge my old ISAs along with the new one so that I can contribute cash to them equally?

I'm thinking I could maybe get them transferred as cash and then rebuy again once I'm set up with the new broker. Would I be right in thinking that cash wouldn't be couldn't as this years contribution?
 
you have your terminology way confused...

im sure someone will explain for you in a sec :P
 
correct - transfer of previous years ISA's are NOT counted against this years contribution amount.

So in effect - yes - they will be transfer either as cash OR in specie (same funds) assuming your new broker offers the same funds as your currently invested in. You normally select which option on your transfer forms.
 
That doesn't surprise me in the slightest, I'll hopefully get it figured out though.

Edit: Thats was in reply to Efour, didn't do quote as I thought I was next reply.
 
booyaka said:
correct - transfer of previous years ISA's are NOT counted against this years contribution amount.

So in effect - yes - they will be transfer either as cash OR in specie (same funds) assuming your new broker offers the same funds as your currently invested in. You normally select which option on your transfer forms.
Click to expand...

Once they're transferred though can I still only contribute to one of them? I want to set up some sort of portfolio and be able to contribute to them as I choose.
 
Tachyon said:
Once they're transferred though can I still only contribute to one of them? I want to set up some sort of portfolio and be able to contribute to them as I choose.
Click to expand...

no, previous years ISA's can NOT be added to, you will have the full allowance for this year £11,520 (13/14) however

So say you have £3000 from 09/10 and £3000 from 10/11 years, they would be transferred to the new broker and you can invest them how you want with the new provider, but any funds you add will count towards this years allowance.
 
You cannot go back and pay unused allowances to old ISAs. Your ISA contribution limit is restricted to the current year and can only go into one ISA, old or new.

You can transfer old ISAs into a new one. Transfers of old ISAs do not go towards the amount you can pay into an ISA in the current tax year.

Look at Hargreaves Lansdown (quite pricey these days), AJ Bell's YouInvest, Charles Stanley TD Direct, BestInvest, Interactive Investor.
 
Was going to go with Interactive Investor as they seem to be a fixed charge for the year and not a percentage which could get pricey as my contributions amount up over the years.
 
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