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Last post Mon, Nov 10 2008, 8:34 PM by kefalonia. 2 replies.
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  •  Mon, Nov 10 2008, 8:34 PM

    Hi Smala01

    Thank you for the reply-much appreciated. Will check with my building society to see if I can transfer my Isa's without penalties.

    Kefalonia

    • Post Points: 5
  •  Mon, Nov 10 2008, 8:15 PM

    You can change your ISA provider as many times as you want to without losing your tax free allowance. The impact on your interest is dependent on your current lender. Usually even if interest is paid annually on closure of the account the provider will calculate the interest to date and add it to the balance.



    Smala01
    • Post Points: 20
  •  Mon, Nov 10 2008, 7:30 PM

    In March of this year I opened a cash ISA with a new provider & then transferred all my previously accumulated cash ISA's from my old bank to my new provider. However as a form of security for my savings I need to reduce my savings to a maximum of £50,000. To do this I wish to know if it is possible to transfer again my cash ISA’s, with the exception of the one I purchased this year, to a different provider. And if so would I lose any interest that I accumulated on these savings for this year. The ISA interest is paid annually. The only other option that I have to keep under the max £50,000 is to transfer my e-saver account savings to a new provider.

    • Post Points: 20