edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
3 replies 451 views
pudding1212pudding1212 Forumite
1 Post
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Can anyone tell me if it is voluntary for my ISA provider not to let me add the extra £1500 to my ISA now I am 50 ?


  • edited 28 October 2009 at 3:16PM
    BaldurBaldur Forumite
    6.6K Posts
    edited 28 October 2009 at 3:16PM
    Yes it is, unfortunately.

    The Financial Services Authority (FSA) have confirmed that it is a commercial decision for ISA providers on whether they decide to allow eligible customers (those born on or before 5 April 1960) to subscribe up to the higher ISA limits from 6 October 2009.
  • rb10rb10 Forumite
    6.3K Posts
    Yes, it is.

    Most ISA providers will let you top up though, even if it means breaking the original T&Cs.
  • BaldurBaldur Forumite
    6.6K Posts
    From memory, Egg is one provider which will not permit the additional allowance - the simple answer (if your account's Terms & Conditions don't preclude transfer) is to find another ISA provider that will and complete their ISA transfer form.

    The additional allowance can then be subscribed after the transfer.
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