ISA operations

Apr 17, 2005 5 Replies

Hello,



I have an ISA at Northern Rock in the UK, however I do not live there anymore, Can I transfer funds from abroad to my ISA?



Also, can I take the funds out of my ISA without any problems, even if I'm not a UK resident anymore (I'm not a UK national)?



Thank you for your answers.


as far as I know you can't add to an isa if you're no longer resident. You can withdraw from it with no problems.

Ok, thank you very much!

but if I added to my ISA through an account in the UK, would there be any problem?

In message , Jp writes

Only if you got found out and you could then lose the ISA wrapper completely.

I agree. As far as I understand at the end of each tax year all those who run ISA's have to inform the inland revenue of the NI numbers. If you've already gone non-resident for tax purposes I would expect alarm bells to start ringing at this point at the revenue, as the above poster mentioned, you may well lose the tax free status at that point.

Regards Paul

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