Apologies for the basic question. If someone could offer the benefits of their experience that would be ace
So, I got my act together and started to get a handle on my finances this year (within this tax year). I vaguely knew S&S ISA was a way to go and set one up with Santander since I bank with them, transferring some money in from my current account and setting up a direct debit for incremental investing.
Then, after more reading I also decided to dabble in Freetrade with a GIA.
Once I saw the fees for trading on other services, and began felt restricted by Santander’s managed funds being the only options there, I decided that next year I would move to FreeTrade for their ISA.
But is it right that I can move my new-ish ISA to FT this year? I have only the one ISA, opened and contributed to this tax year, with a different provider. If I transfer to Freetrade does it count as the same ISA or a new one (since it’s now with a new provider and will be invested differently)? Can I contribute to it again after the transfer during this tax year, or would it just sit there as the value of the transfer, and not be able to be added to?
I hope this makes sense. English is my first language, but you wouldn’t believe it…