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Can you switch ISA's without starting from scratch?
pinky13_2
Posts: 30 Forumite
Hello, is it possible to move savings from one ISA to another completely different one or do you have to start from scratch if you want to move?
e.g. if I have £10,000 in one ISA can I switch this over to another ISA and still be eligible to put another £7,200 in next year to make it £17,200?
thanks
e.g. if I have £10,000 in one ISA can I switch this over to another ISA and still be eligible to put another £7,200 in next year to make it £17,200?
thanks
0
Comments
-
yes, it is possible to switch ISA providers.
Make sure neither of the providers are treating this as a withdrawal and new deposit for that year.0 -
Easily done. You just need a transfer application from the new provider. it doesnt use any ISA allowance.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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