NatWest E-ISA over 50 allowance

THEMITUD

Would anyone know if the NatWest E-ISA are allowing the extra £1500 on 6th October ?
I have asked in branch a couple of times and they do not seem to know.
Thanks

withnell

It's not closed to new investors is it?

Any ISA that still allows deposits into it will not be a problem to add the increased allowance into

petunia987

Hello,
I just tried to set up a future transfer online for 6th October to top up my Natwest Cash ISA plus - but got a message saying that would take me over the annual limit for this tax year...so they definitely aren't ready yet online...

hebron

I rang them today and the person I spoke to said no they didn't allow the extra money, and when I said I thought he was wrong he checked and than said that the extra payment after the 6th of October was OK.

ChrisLewis_3

I have a Natwest E-ISA for which I have used up my maximum allowance so far this year, or so I thought.

However, I happened to read a Lloyds TSB advert yesterday which suggested that you do not necessarily have to be 50 to take advantage of the new allowance. The stipulation in their advert is that you must be born on or before 5 April 1960, which means you could be 49 and 5 months on 6 October. (Which means I would qualify for the extra allowance.)

However, when I rang Natwest to ask if the same conditions applied to their account I was first of told flatly that "you must be 50 or over".

I rang a second time, got someone else, who told me that I should "await notification" before doing anything.

alanjb50

Online Natwest help on ISA top ups over previous £3600 09/10 tax limit for 'over 50s' as defined elsewhere directs us to their Telephone banking service. You need login PIN no and acct no / sort code to hand.
They told me that, for those eligible by age, an online top up transfer from Natwest current acct into the eISA account up to the new £5100 total will be possible, but only from 6th Oct, i.e. can't be scheduled in advance.

petunia987

Thanks to all who have taken the time to contact Natwest. I checked as well via the Internet Service Centre as I have a Cash ISA Plus which was a limited offer and is no longer available. It also attracts a higher rate than their current Cash ISA. However I was also informed without hesitation that I will be able to make an online top up transfer from 6th October. The message seems to be geting through...roll on next week!

storminmike

ChrisLewis wrote: »

I have a Natwest E-ISA for which I have used up my maximum allowance so far this year, or so I thought.

However, I happened to read a Lloyds TSB advert yesterday which suggested that you do not necessarily have to be 50 to take advantage of the new allowance. The stipulation in their advert is that you must be born on or before 5 April 1960, which means you could be 49 and 5 months on 6 October. (Which means I would qualify for the extra allowance.)

However, when I rang Natwest to ask if the same conditions applied to their account I was first of told flatly that "you must be 50 or over".

I rang a second time, got someone else, who told me that I should "await notification" before doing anything.

I'm confused (not for the first time) about this increased allowance

I turn 50 late December but had always thought that the date I could add the extra was no earlier than my birthday in December. Does the statement above mean that if I was born before 5 April 1960 I can jump in on 6th October?

Also....I operate a Natwest E ISA (at the ealier favourable rate) to which I added this years £3,600 by online transfer from my Natwest CA. Come the date, whatever that date appears to be, can I just transfer in the extra with no fuss?

rb10

storminmike wrote: »

I turn 50 late December but had always thought that the date I could add the extra was no earlier than my birthday in December. Does the statement above mean that if I was born before 5 April 1960 I can jump in on 6th October?

Yes.

Anyone who was born on or before 5th April 1960 can top-up their ISA at any time from 6th October 2009; anyone born after 5th April 1960 will have to wait until 6th April 2010.

storminmike

rb10 wrote: »

Yes.

Anyone who was born on or before 5th April 1960 can top-up their ISA at any time from 6th October 2009; anyone born after 5th April 1960 will have to wait until 6th April 2010.

Well in that case I'm a happy bunny:cool:, thanks for that.

One presumes that if I do an internet transfer that Natwest will take it unchallenged?

meggsy

I topped up from my current account into the eisa yesterday (4th) out of curiosity to see if it would work, and it did