Confused about my ISA allowance (10/11)

Neil_wotan

Hi - in April 2010 just after the new tax year started I transferred £2500 into my Halifax Isa.

In June, I then changed Isa to a Santander Isa because it had a better rate. At that point I added a further £2600 into the account to complete my cash allowance of 2500+2600 = £5100

Now I have just received my Santander statement for January and while the total balance is correct it only records the £2600 transfer in and still says I can invest £2500 this tax year.

Is this really correct i.e. can I legitimately transfer another £2500 into the Santander Isa or is it just Santander being too stupid to realise that I already made a transfer within the 10/11 tax year and now inviting me to break the law?

any advice appreciated
ta

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Neil_wotan wrote: »

Hi - in April 2010 just after the new tax year started I transferred £2500 into my Halifax Isa.

Was that new money, or a transfer from a previous year?

If it was new money paid in to your ISA on or after April 6th and not previously in an ISA, Halifax should have notified Santander of that fact as part of the transfer process, and Santander should not now be saying you can put any more money in.

Neil_wotan

Hi - it was new money paid into my ISA after April 6. So I will assume Halifax were at fault and obviously I won't put any more money in during this financial year.

thanks
NW