Cash ISAs and TESSAs can be moved into your Stocks and Shares ISA

You will now be able to move some or all of your previous years Mini Cash ISAs and TESSAs into your Stocks and Shares ISA account. The transfers can be of any size and do not affect this year’s allowance.

Remember, you may NOT transfer back into Cash ISAs afterwards.

Use a fund supermarket

Therefore we now recommend anyone with maturing TESSAs or Cash ISAs to retain the proceeds until the new tax year when you will be able to transfer into funds using either of our fund supermarket accounts.

We also refer you to the article in ISA Direct 31 page 10 where we have identified some specific funds such as BlackRock UK Absolute Alpha or Newton Phoenix Multi Asset, within the Stocks and Shares ISA accounts. These funds are managed with strict risk controls to help you manage risk within your portfolios and are designed to outperform the return of cash accounts.

Capital Protected Products

There continue to be a range of structured products available offerring capital protection. Please ask us for details of the products and discounts currently available from the following providers:

ARC – UK and Japan

Barclays – UK

Dawnay Day – Commodities, Europe

Morgan Stanley – UK, Asia, Emerging Markets

Any questions?

Please call us on our FREEPHONE if you have any questions regarding your TESSA or CASH ISA accounts or email us with your query.

Please refer to ISA DIRECT 31 for more information.

Go To Application Forms tab for the relevant Transfer Authority Forms.