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pudding1212
Posts: 1 Newbie
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 ?
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Comments
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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 2009.0 -
Yes, it is.
Most ISA providers will let you top up though, even if it means breaking the original T&Cs.0 -
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.0
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