Yes subscriptions can be transferred freely between cash, stocks and shares and innovative finance ISAs.
You can transfer some or all of the money saved in previous tax years with another provider to us, up to £150,000 per calendar year, without affecting your current annual ISA investment allowance.
If you want to transfer an ISA to us saved in the current tax year, you would need to transfer the whole amount saved. Any money that is transferred in the current tax year will be treated as if it has been directly invested into our Investment ISA in that tax year.
Transfers from previous tax years will be held in a separate ISA transfer policy from any current tax year subscriptions.
You will then be able to save up to the full remaining balance of the allowance for that tax year, or you may within the overall limit subscribe to a cash ISA later in the current tax year without breaking the ISA rules. Transfers from previous tax years will be held in a separate ISA transfer policy from any current tax year subscriptions.
If you already have an ISA transfer policy with Sheffield Mutual, you can choose whether to ‘top-up’ your existing policy or open a new one.