As time goes by, people’s circumstances change and they may want to move their money from a stocks and shares ISA into a lower risk cash ISA.
However, there are rules about how money can be moved between ISA accounts. So investors should consider this carefully before making any decisions.
All ISA providers will let investors remove funds from a stocks and shares ISA, but not all will allow money to be transferred into one of their stocks and shares ISA products. So it's important to check before removing the funds.
If the transfer is from an ISA which was opened and paid into in that financial year, the whole balance must be transferred. However, if the ISA is from a previous financial year, the investor can choose how much to move.