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Cash ISA closure and shares ISA opening in same tax year

Answer
ChrisJD
Posted 3 months ago by ChrisJD
Hi, I have a cash isa which I opened this tax year and deposited the annual limit. I want to close this account losing any tax free status of this cash and not receiving any interest as the account has only be open for 3 months. instead I want to open a shares isa and use this years £20k allowance against that account instead. Can I do this?
Answer
HMRC Admin 20 Response
Posted 3 months ago by HMRC Admin 20 Response
Hi,
Please see guidance here:-   Individual Savings Accounts (ISAs)  Transferring your ISA
Thank you.

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