Post by aju on Nov 9, 2019 14:39:24 GMT
Knowing that I have both Zopa and RS relending from invest accounts to ISA side of both systems I wondered what others may have experience on last years new ISA period. In Zopa earlier this year we sold some ISA to move it to a new ISA in RS. Doing this means that we have sold funds in Zopa that we can still invest back in so we have relend set in both out ISA accounts so far for this period.
In RS we are manually pushing non ISA returned money into this years ISA funds as we have spare allocation in this years new ISA.
The thing is what happens if we are doing this when the years funds run out on April 6th for the new ISA year.
As we can only have a single new ISA with a single company and with the PF fund in RS its makes more sense to use RS for the new years ISA. It's a manual relend process at present anyway on RS so I will set myself a diary entry to be vigilant and make sure we don't mess up contributing to new ISA's on both platforms.
On Zopa though does anyone know if the automatic lend to ISA will be cancelled on Apr 5th, I guessing not as all platforms would like to have ISA's lock into their platform for the year (I'm sure I can move it later but I can't be bothered with that process and I bet its not that simple and straightforward either.)
So does anyone know what happens here?.
In RS we are manually pushing non ISA returned money into this years ISA funds as we have spare allocation in this years new ISA.
The thing is what happens if we are doing this when the years funds run out on April 6th for the new ISA year.
As we can only have a single new ISA with a single company and with the PF fund in RS its makes more sense to use RS for the new years ISA. It's a manual relend process at present anyway on RS so I will set myself a diary entry to be vigilant and make sure we don't mess up contributing to new ISA's on both platforms.
On Zopa though does anyone know if the automatic lend to ISA will be cancelled on Apr 5th, I guessing not as all platforms would like to have ISA's lock into their platform for the year (I'm sure I can move it later but I can't be bothered with that process and I bet its not that simple and straightforward either.)
So does anyone know what happens here?.