Hi From what I've just read somewhere am I correct in thinking you can transfer cash isa's and still have this years allowance? i.e I could get a new cash isa and then transfer the others. I'd just assumed that once bought they had to stay where they were and that transfering was the same as cashing in then reinvesting thus using the allowance. Cheers BB
cash isa's
Apr 18, 2008
2 Replies
You can, indeed, transfer them. But you need to do it by getting a form from the new ISA provider who will send it to the old one to make the transfer. If you simply encash the old one and take the money to the new one, it will be treated like new money and be subject to the maximum allowance - which is
3,600 now.Rob Graham
Cheers me dears. Just making sure I'd got it right. BB
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