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Cash ISA to shares

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rescuer | 12:10 Sat 03rd Jul 2010 | Personal Finance
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Can the money in a Cash ISA be transferred to a Share ISA?

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I believe it can be, but given the volativity of the Stock Market at the moment, why would you want to do that? You need to have a clear focus on your financial objectives. You will need to consider all of your circumstances, The low interest rates of 3.0%ish for some Cash ISAs is attractive for Higher tax rate payers, when considered against interset rates on standard savings accounts. Take professional advice!
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Yes it can, but you can't transfer back the other way,i.e. Converting an Equity ISA into a cash ISA.
As has been pointed out, the stock market is very volatile at the moment, and unless you intend your ISA savings to be untouched for a very long time (and a minimum of five years), investing in the stock market is generally not advised.

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Cash ISA to shares

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