Each tax year you get an ISA allowance, currently £20,000, which you can invest across the different ISA types each tax year.

But what if you change your mind? What if you have used your full ISA allowance by saving £20,000 into a cash ISA, but you want to switch to a stocks and shares ISA instead. Could you?

Or you’ve found a better rate of interest elsewhere, could you switch?

The quick answer is yes – but here are 5 things to consider when you’re thinking about transferring your ISA.

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Other videos you might like: 5 Types of ISA explained:    • 5 types of ISA explained  

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