I have a couple questions regarding ISAs, mostly want to check I’ve understood the rules correctly.
I have a moneyfarm ISA which I opened a few years ago. It’s been growing and now costs me over £10 a month in fees
The plan was to open a freetrade ISA for this tax year and then transfer the moneyfarm ISA when transfers are available.
Now I’ve realised my direct debit has already contributed to the moneyfarm ISA this tax year so I believe I cannot open another S&S ISA this year but I will be able to transfer to Freetrade when transfers become available.
Is this correct so far?
Edit: Thanks for moving to the right place @alex.s. Mobiles are hard