Overview

• An X user asked if only £20,000 of shares from a maturing SAYE can be moved into an ISA each tax year and whether a flexible ISA could allow further transfers after selling and withdrawing.
• HMRC replied publicly that it has limited knowledge of how ISAs are managed and advised the individual to speak to their ISA manager.
• The guidance HMRC linked confirms up to £20,000 of SAYE or SIP shares can be transferred into a stocks and shares ISA, subject to provider agreement, within 90 days of acquisition.
• Transferred shares count toward the £20,000 annual ISA allowance, though moving them into an ISA shields future gains from Capital Gains Tax.
• Coverage also notes that some ISAs are flexible at the provider’s discretion and that savings rates have fallen recently after the Bank of England cut the base rate to 4%.