Donate SIGN UP

ISA transfer

Avatar Image
abstibus | 09:41 Tue 09th Oct 2012 | Personal Finance
3 Answers
If an ISA is transferred to another provider, can it still be topped up to the max or is the transfer looked on as a top-up?
Thanks
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by abstibus. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
The transfer, if done properly, is just a transfer. You can still top up to the annual maximum taking account of what you have already put in this tax year
If the ISA is transferred directly from one provider to another it can still be topped up. Get the banks to do the transfer directly.
If, however, you cash the ISA and take the money to another provider, this would be classed as a new ISA and normal rules would apply.
Question Author
Thanks, both.

1 to 3 of 3rss feed

Do you know the answer?

ISA transfer

Answer Question >>