Post by theshape on Apr 8, 2017 17:41:42 GMT
Just checking my understanding of the ISA transfer rules.
I withdrew £14k from a Flexible cash ISA last year. On 05/04/17 I replaced £14k into the same cash ISA which I then withdrew on 06/04/17 returning it to high(er) interest current accounts.
I understand that I can return £14k to this cash ISA and make further contributions of £20k to ISAs in this tax year.
I have an IFISA with LendingWorks that I subscribed to in tax year 16/17. I intend to open another IFISA if/when one is offered (by Ablrate, Moneything, Collateral, FundingSecure etc) this tax year.
If I repay the £14k into the cash ISA am I free to transfer/split it between both of the IFISAs while still contributing new funds to one of those IFISAs?
I withdrew £14k from a Flexible cash ISA last year. On 05/04/17 I replaced £14k into the same cash ISA which I then withdrew on 06/04/17 returning it to high(er) interest current accounts.
I understand that I can return £14k to this cash ISA and make further contributions of £20k to ISAs in this tax year.
I have an IFISA with LendingWorks that I subscribed to in tax year 16/17. I intend to open another IFISA if/when one is offered (by Ablrate, Moneything, Collateral, FundingSecure etc) this tax year.
If I repay the £14k into the cash ISA am I free to transfer/split it between both of the IFISAs while still contributing new funds to one of those IFISAs?
