Ben k

Hello, I have a few questions I just wanted to know if you could hypothetically place £20,000 into a cash Isa this tax year and then next year if you wanted to transfer it into a stocks and shares isa (a stocks and shares isa that you already have but with a different provider), could you do that without impacting your allowance, therefore if you transferred that £20,000 and wanted to add another £20,000 would that be fine and untaxable? Also, if you were to put in the £20,000 into the cash isa, can you remove the interest that is accrued without impacting your yearly allowance?

Hello, I just wanted to ask a hypothetical question for a similar situation. If a PhD student was earning around £19,000 through the stipend (my understanding is that you still have all of your tax free income- around £12,500), so if you were earning less than that, for example £7,000-£10,000 from demonstrating and if you were to earn money from savings interest (lets say £2,000 or less), would you need to pay any taxes for the money from the savings or is that what the law means when it suggests you can earn up to £5000 from savings interest each year?