Isa

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 ?

Replies

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

    See http://www.hmrc.gov.uk/isa/bulletin14.htm
    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.
This discussion has been closed.
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