I’m looking to make the switch from vanguard to IE using the transfer option. When submitting the form, I was confused by some of the questions
I’ve put an example below to help understand what I’m confused about
Current tax year cash contributed (£100)
Value of current tax year shares (£200)
Value of portfolio (£1000)
Total current tax year isa contributions - does this mean the amount of cash contributed this year (100) or does it mean the value of stocks you invested in this year(200)? If it’s the value of the stocks what is the most accurate way to calculate this?
Value of previous years’ Isa to transfer - unsure how to work it out based on the above? From the value of my portfolio Do I deduct the cash contributed (1000-100) or the value of the stocks (1000-200)? if none of these are correct how do i calculate this?
I have also invested more frequently in the recent tax year and I’m confused how this will be accounted for?
@Samuinvestor
Morning ,
I found this in another post - hope this helps… If it doesn’t then please do contact the CS team directly with all of your details.
The amount you put into shares within the ISA or the amount of returns it has generated are not relevant when transferring.
eg. Trying to calculate how much of the pot is returns from this year’s contribution is not practical. So, if I had an ISA with current value 10k that I’d paid in 1k this year, for simplicity I’d say: 1k in this year, 9k value for prior years.
The amount you paid into the ISA this tax year must be accurate. The remaining total value can be somewhere near, as it fluctuates.
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