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Can i have a new ISA this year after loosing my ICESAVE account?

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frog_bounce
frog_bounce Posts: 149 Forumite
in Savings & investments
Can i have a new ISA this year after loosing my ICESAVE account?

If so what can i put into my new ISA?

Comments

  • talana
    talana Posts: 1,077 Forumite
    It was all explained in the first FSCS email sent out to Icesave customers, which presumably you received.
    For ISA holders, the same process will apply as for instant access account holders. An ISA certificate will follow by post to allow you to reinvest that sum in an ISA with another provider. The money you held in your ISA will not lose its tax-free status if you reinvest by 5 April 2009. You should receive your ISA certificate within 2 weeks of claiming compensation using the electronic process and you will have to give this certificate to your new ISA provider when you open your ISA with them. You should ask for an ISA transfer form from your new ISA provider.
    So wait for the certificate to arrive then put the same sum into a new ISA.
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