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Another question about transferring existing ISA funds.

Last post Thu, Nov 20 2008, 2:57 PM by JohnB47. 2 replies.
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  •  Thu, Nov 20 2008, 2:57 PM

    Re: Another question about transferring existing ISA funds.

    Thanks.

    "When I have done this in the past, I have had to move all my funds with a particular ISA company, because they had amalgamated several years' funds together."

    So I really need to clarify that point with the provider that I'm moving funds from. Looks like I'll be moving some money from National Savings (3.3%) to Kent Reliance (5.76%).

    Thanks again.

    • Post Points: 5
  •  Thu, Nov 20 2008, 2:45 PM

    Re: Another question about transferring existing ISA funds.

    You can certainly move ISA's from one institiution to another. When I have done this in the past, I have had to move all my funds with a particular ISA company, because they had amalgamated several years' funds together.

    This has no effect on this year's allowance.

    • Post Points: 20
  •  Thu, Nov 20 2008, 1:37 PM

    Another question about transferring existing ISA funds.

    Hi. New here.

    I've searched for similar posts but I'm still not clear on this. I have a number of 'old' ISAs, i.e. ones opened in previous tax years. Can I move funds between them freely, if the receiving ISA companies accept transfers-in? If so, can I transfer the initial investments plus interest?

    Is this independant of our £3600 allowance this year? I have opened a new ISA this year but have not invested the full amount yet - is this relevant to my main question?

    I'm asking because some of my old ISAs pay pretty poor interest now but one, Kent Reliance, still has a good rate so I'm looking to transfer some of my funds to that one.

    Thanks.

    • Post Points: 20