santander flexible isa 3.5pc coming off sale

d00fus

Just confirming what others have said, I've just applied in branch this afternoon and was told it's fine to open it now and deposit next year. There's a tick box on the application form to indicate whether you want to open the account for subscriptions for this tax year or the next.

geordie_ben

soooooooooooooooooo wish i'd seen this earlier. hopefully it aint too late, appoinment tmoro morning me hopes!

Devin_Shockwell

Just a word of warning, I'm sure the terms and conditions would make you aware you can not open a second ISA in the same tax year. If you sign a document that stipulates this knowing full well you already have an ISA for the 2009 - 2010 tax year, that's a clear breach of the document you sign to open this account. Then I'd imagine the account you open is invalid and does not warrant tax relief.

apt

As far as I understand, you can open as many ISAs in a tax year as you want as long as you do not fund more than one with new money.

10_66

geordie_ben wrote: »

soooooooooooooooooo wish i'd seen this earlier. hopefully it aint too late, appoinment tmoro morning me hopes!

If it's not successful tomorrow, don't be too dissapointed, look on it as a lucky escape! It'll save you loads of hassle that you'd end up going through next year when you tried to transfer away from Santander.

Nikkster

gunmaker wrote: »

I was told by my local A&L branch today that it will still be available after 29th March but @ 3.2% NOT 3.5%.

I was also told this this afternoon... once I'd managed to find someone to speak for. That particular branch of Santander definitely had the Friday feeling. If it wasn't that this ISA looks quite a bit better than the others on offer at the moment I would definitely have given up and not bothered (and I might have told the person who finally served me that!).

spike87

apt wrote: »

As far as I understand, you can open as many ISAs in a tax year as you want as long as you do not fund more than one with new money.

I thought the same. I'm sure you can open this even if you've opened another this year as long as you don't put money in both.

Devin_Shockwell

spike87 wrote: »

I thought the same. I'm sure you can open this even if you've opened another this year as long as you don't put money in both.

This strikes me as a grey area. Just checked the government website and it states you can only 'invest' in one cash ISA and one stocks and shares ISA each tax year. Mentions nothing about an application in one tax year followed by actually paying in to the ISA when the following tax year begins! Although I am curious since the Santander website does state additional funds can be paid in to the Flexible ISA for the 2010-2011 tax year after it had been opened in the 2009-2010 tax year.

hallmark

This is defininitely the best deal out there BUT the fact it doesn't allow transfers in means you're not talking about fortunes. Worth doing the sums before going to too much trouble to open one of these.

7sefton

Sorry if I'm being a bit blonde, but can someone confirm for definite the following before I go into a Santander branch:

I have used up my ISA allowance this year. However, I can still open a Santander Flexible ISA NOW in anticipation of the next tax year, as long as I do not deposit any money in the account until April 6th.