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sweety36 | 10:12 Sun 04th Apr 2010 | Business & Finance
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CAN YOU TRANSFER AN ISA & PUT MONEY IN AN ISA IN THE SAME YEAR?
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Avatar Image madmaggot
In short, yes.
But: you must do it at the same time, ensure that you transfer the money to the new account; your new provider will have a form for you to fill in ( if you withdraw it you lose the ISA status). You can invest up to your limit for the new tax year.
10:16 Sun 04th Apr 2010
Avatar Image David Black
Yes did it last week
10:21 Sun 04th Apr 2010
Avatar Image dasherman
Transfers don't count towards your yearly limit. So if you transfer money from account A to account B you can still put new money into either account but not into both in the same tax year.
10:23 Sun 04th Apr 2010

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