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Which year's ISA allowance?
fluffymovie
Posts: 1,417
Forumite
I opened an A & L cash ISA a few weeks ago and have been putting money in when able.
My question is, I want to move my savings from my current bank into my ISA but if I make the transfer from my account but it I request the transfer but the funds aren't cleared by the end of the financial year, which year would it count against for my ISA allowance?
My question is, I want to move my savings from my current bank into my ISA but if I make the transfer from my account but it I request the transfer but the funds aren't cleared by the end of the financial year, which year would it count against for my ISA allowance?
I currently manage a Housing Benefit service and have been working in Housing / council tax benefit (as was) since 2001.
All views expressed in my posts are my own opinions and do not necessarily reflect those of my employer.
All views expressed in my posts are my own opinions and do not necessarily reflect those of my employer.
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Comments
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the end of the tax year is 5th April. As this is easter weekend you would be relying on either a FP or hoping for an unusually quick BACS transfer. if it clears anytime after Thursday 1st April then I would expect it to go into 2010-2011 allowanceDebts at LBM (May '08) £5760 - Lloyds CC £4260, Lloyds OD £1500;Debts as of May 28th 2011:Santander CC: £0.00Lloyds OD : £0.00DFW Nerd #1247 - Proudly dealt with my Debts
Olympic 2012 Challenge #12
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Have you a current account with A&L? If so, can you FP from your other account into your A&L account, then into your ISA? I did a transfer from A&L current to ISA today and it was instant (I could hardly believe my eyes when a transaction actually showed up instantly with A&L's on-line banking!)0
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This may not help if you follow the above advise but, if you give a cheque up to the 1st, it will count as this year ... you probable wont be paid any interest for it until the cheque clears.0
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