littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Aug 23, 2018 20:42:07 GMT
Relendex customer support told me in an email that if I wanted to do a transfer out I could download a "transfer out form" from their site. This of course is impossible as a transfer would have to be initiated by the receiving organisation. Does not fill one with confidence in their knowledge on the subject.
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Mike
Member of DD Central
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Post by Mike on Jan 2, 2019 10:30:00 GMT
I know this is an old thread, apologies to restart it... Can anyone help me stay on the correct side of ISA rules?
I have contributed to Halifax Cash ISA & AC IFISA 16/17. Identical in 17/18.
Am I allowed to transfer my 16/17 IFISA to a different, brand new, cash ISA this year?
Or must I wait until 18/19 in order not to 'contribute' (despite half of it being last years' money) to two different cash ISAs in the same year?
Unfortunately my current cash ISA is a "help to buy" ISA which has a good interest rate but can only accept 2.4k/year - although it's increasingly unlikely I will qualify for the bonus I thought it was a good idea at the time
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toast
Member of DD Central
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Post by toast on Mar 6, 2019 9:57:13 GMT
Santander just started offering an instant access cash ISA at 1.5% (not a flexible ISA). On their sign-up page they have a specific document for initiating transfers from IFISAs, so that would seem an easy avenue for transfers out of IFISAs
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toast
Member of DD Central
Posts: 158
Likes: 90
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Post by toast on Mar 6, 2019 10:01:40 GMT
Am I allowed to transfer my 16/17 IFISA to a different, brand new, cash ISA this year? Or must I wait until 18/19 in order not to 'contribute' (despite half of it being last years' money) to two different cash ISAs in the same year? You can do this so long as you initiate the transfer by using the receiving ISAs "transfer in" form. Using this method for old ISAs means that it will not count towards your current year's contributions. Do not move the money yourself otherwise that would count as contributing to two cash ISAs within the same year.
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