NatWest e-ISA not allowing contribution over £3,600 for 2010/11 tax year!

mtc95

I'm planning to stick with the NatWest e-ISA for now as well. It must be the first time in years that I have not switched in order to get a better rate, so well done NatWest.

I'm surprised that people had problems adding the new higher amount. I managed to top mine up successfully last year with £5100 as I am over 50. (I'm not doubting that people had problems - I'm just surprised NatWest were not already better prepared to handle it.)

lazysaver_2

Has anyone had the same problem with Barclays?

My mum transferred the extra £1500 to top it up to £5100 (after months of me nagging, but theres' mums for you!!) and Barclays have reversed the transaction and written to her to say she is over the limit.

The funny thing is when we applied for a new barclays ISA online for her last night, her date of birth came up just right!

Obviously she needs to call Barclays, but just wondered how common this is?? Is she likely to get the £1500 put back into last years allowance? That's all that concerns me, not to fussed with the 50p interest!

WhiteSpace

lazysaver wrote: »

My mum transferred the extra £1500 to top it up to £5100 (after months of me nagging, but theres' mums for you!!)

The new tax year only started 6th April (a couple of weeks ago). You can't contribute to last years ISA allowance (if your mum was over 50) in this tax year? Or are you implying she contributed £3,600 this tax year already and is just topping up?

KTF

What is her date of birth?

bagsacash

Beware of going with Barclay they dont allow other isa transfers into the account and next year you can bet they will reduce the rate on their account leaving you in the position of wanting to to another provider transfer. The transfer can take up to or sometime more than a month - and there is interest to be lost throught this process.