Transferring stocks and shares ISA to cash ISAs
Posted: January 13th, 2024, 6:58 pm
Hi all, sharing my experience of transferring a liquidated stock position in my ii stocks and shares ISA, to various CASH Isa to keep within the £85k FCSC limits (and reduce sequencing risk for the next few years as I use these to finance my retirement before receipt of the state pension in 10 years time).
Opened accounts with Aldermore, Newcastle Building Society and Charter Savings Bank in the week before Christmas - sent off the forms and the only SNAFU were questions around requiring the sort and account code from ii (although they confirmed they were not needed). Charter Savings Bank processed in the week between XMas and New Year and was processed 4 Jan. Newcastle and Aldermore were processed and transferred yesterday (12 Jan). ii gave excellent comms on the progress of the process - and all worked seamlessly.
All Cash ISA providers guaranteed their rates for a month from application - so have decent returns despite recent drop - very pleased with service from both ii and Cash ISA providers.
Opened accounts with Aldermore, Newcastle Building Society and Charter Savings Bank in the week before Christmas - sent off the forms and the only SNAFU were questions around requiring the sort and account code from ii (although they confirmed they were not needed). Charter Savings Bank processed in the week between XMas and New Year and was processed 4 Jan. Newcastle and Aldermore were processed and transferred yesterday (12 Jan). ii gave excellent comms on the progress of the process - and all worked seamlessly.
All Cash ISA providers guaranteed their rates for a month from application - so have decent returns despite recent drop - very pleased with service from both ii and Cash ISA providers.