Matured Tessa account.

Bitstring , from the wonderful person Hannah said

You should have a closing statement from the maturing TESSA. Armed with that, I believe you have 6 months to open a TOISA with the capital sum (i.e. up to £9k .. interest earned doesn't count) from the TESSA.

see

Pick up a Saturday Telegraph or Sunday Mail and look at who has the best ISA deals right now - most (but perhaps not all) of them will have a TOISA with equivalent rates.

In message , GSV Three Minds in a Can writes

He needs to ask the TESSA provider for a 'Tessa maturity certificate' to take to the TOISA provider.

Bitstring , from the wonderful person john boyle said

2) Don't most TESSA providers spit those certificates out by default? Both mine and my wife's did

In message , GSV Three Minds in a Can writes

2) You would have expected so, but I have found that Bradford & BIngley dont unless specifically asked, although this could have been a mistake at one branch. My point was that a mere 'statement' is insufficient.

You haven't missed the boat yet - it leaves in about another three months. There may have been a small logistical advantage in reinvesting before the previous tax year ended, but don't worry about that.

You already have useful advice from others regarding maturity certificates etc.

I have some opinions regarding TOISAs themselves. I'm pretty sure the facts here are correct but hopefully someone will correct if they're not:

Don't forget that you can, subject to a couple of conditions [1], put your TESSA capital straight into a regular cash ISA without eating into your normal 3k cash allowance, and thus bypass the whole TOISA nuisance thing. Some providers don't let you do this, but IMHO that is merely evidence that they want to force your money into a kind of obsolescent 'TESSA ghetto' where there is little or no competition [2], and this is in itself a good reason to look for a provider who doesn't take such an attitude. In effect, you have the option to subscribe 3k *plus* any matured TESSA capital (possibly 12k in total) into a single mini cash ISA this tax year.

If you already have a cash ISA, ask the provider whether they'll accept your TESSA capital into the existing account. If they say 'no but we do a nice TOISA', then ask them whether they would subsequently accept a tranfer from the TOISA to the your existing cash ISA account after the existing tax year comes to an end. If they say no again then ask yourself why that might be (see above for my take) and then go and look elsewhere for one that will help you lose the TESSA/TOISA curse. (I used Halifax.) Unfortunately, if you have already made a cash subscription this tax year, and the account you subscribed to won't also take your TESSA capital too, then you've no choice but to go for a TOISA, I think.

Cliff