Could somebody clarify for me about transferring cash ISAs. I have already taken out an ISA for this year although it is a monthly payment type with a very good interest rate. I am over 60 so I understand my allowance will increase from October. This organisation does not accept transfers.

I have other ISAs which should now be moved because the interest rates are rubbish compared to last year. What do I do if I have contracted with an organisation for this year that does not accept transfers? My thoughts are that as I am paying £300 per month because it was set up before the allowance increased, I will have more money to invest in October but of course at this stage I have only invested £300 per month since April. I suppose another provider would not be interested in my merely transferring old funds but I have to pay in new money which, in theory, I am not allowed to do at this stage for this current year. Can anyone shed any light??

Many thanks