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living abroad with an Isa.
coxwell
Posts: 59 Forumite
Hi,
I'm currently living abroad and have kept my old abbey postal isa issue 1. I have not paid into it since moving abroad but have just noticed I'm getting 0.3% interest. I don't think I'm allowed to open a new one so how do I go about getting a better rate? Any help greatly appreciated.
regards
dc
I'm currently living abroad and have kept my old abbey postal isa issue 1. I have not paid into it since moving abroad but have just noticed I'm getting 0.3% interest. I don't think I'm allowed to open a new one so how do I go about getting a better rate? Any help greatly appreciated.
regards
dc
0
Comments
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You probably can't. You would need to open a new one and transfer it into that. Just about anywhere will ask you to sign an ISA declaration which involves you declaring that you are resident in the UK.0
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If you can't (and I don't know if there is a way you can!) withdrawing the money and putting it in the best paying non-ISA account would yield a better return, 2.8% from an Egg savings account even for an additional rate 50% taxpayer would yield a return of 1.4%, more than 4 times the 0.3% you are currently getting.If you don't like what I say slap me around with a large trout and PM me to tell me why.
If you do like it please hit the thanks button.0
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