Moving Tessa And Cash ISA

legless

I have £25,000 in a (Tessa) ISA and £10,000 in a cash ISA in the B&B. I am worried about I am now with Abbey. Can I move all of it somewhere else into another (Tessa) ISA and Cash ISA:question:

pressuredrop_2

Yeah, easy enough to move. I dunno why you're worried.

Baldur

TOISAs (TESSA ISAs) ceased to exist on April 6th 2008 & are now just Cash ISAs - you can transfer either or both of your Cash ISAs to one or more ISA providers (e.g., if you wish to stay below the £35,000 FSCS limit, you could transfer £25,000 to provider A and £10,000 to provider .

Remember that your new provider(s) has.have to initiate the transfer(s)

isofa

Not sure why you are worried, the providers are very safe, it's just Abbey's completely lack of customer service that bothers me, and why I'd never use them.

If you want to move, initiate a transfer, do not close the ISAs first, or you'll lose all the tax free status. Been well covered on the forums, just do a search, and look in the correct sub-form: ISAs, Toisas, Peps & Tessas

legless

Abbey have a bad Customer Service record

pressuredrop_2

legless wrote: »

Abbey have a bad Customer Service record

A bank with good customer service? Now there's a thought.

isofa

pressuredrop wrote: »

A bank with good customer service? Now there's a thought.

I assume you've never banked with Ruffler, Kaupthing or Skipton then?! :cool:

pressuredrop_2

isofa wrote: »

I assume you've never banked with Ruffler, Kaupthing or Skipton then?! :cool:

I assume you're addressing 99% of the population.

legless

If I move the Tessa ISA and the Cash ISA somewhere else do it all become a Cash ISA?

isofa

pressuredrop wrote: »

I assume you're addressing 99% of the population.

Nope, just you, in response to... ermm... you :cool:

isofa

legless wrote: »

If I move the Tessa ISA and the Cash ISA somewhere else do it all become a Cash ISA?

Yes, they have all be renamed, "Cash ISAs" don't move... transfer.