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22 March 2010

I have contributed my isa allowance for 2009/2010 into a cash ISA, variable rate, but want to transfer some into a Share ISA. How much can I transfer

I have a cash ISA whch has accumulated to just over £25 K. I have paid in £4,000 of my £5,100 allowance for 2009/2010 (having just reached the grand age of 50 in november). Now as cash ISA interest rates are pretty poor I thought it might make more sense to transfer some of my cash ISA into my allowance into a Share ISA. Am I rght in thinking this would be limited to £6,200, since I have paid in 4,000 into the cash ISA? I opted for the monthly interest rate,- so would this still be permissible to transfer before the end of the tax year?

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