Old ISA/New ISA/Transfers ???

Trixi

I don't usually post asking for help with my own particular situation as I know most of the information is out there and most questions have already been asked. However, despite spending ages reading up, I am still a little bit confused about ISAs so am hoping for some help here...

Basically, I opened a new e-ISA (Nationwide - 2.9%) last summer and transferred an existing Nationwide ISA into it. I have also added funds to this ISA this year.

I now want open the new Nationwide e-ISA (3.1%) and transfer this old money across AND open another new account (possibly Santander) for next years 'new money' (after April, obviously).

My understanding is that I can do both, as I will only be adding 'new money' to one ISA in each tax year and that multiple transfers/new accounts are allowed. I really don't want to break any rules or make a mess of this though so, to be sure, I would really appreciate it if someone could tell me I'm understanding this correctly?!

Thank you, in advance!

CLAPTON

you can transfer your current nationwide e-ISA to the new e-ISA (3.10% ) by going to the nationwide website where you can do it all online ... this will be a 2010/11 ISA

Then you can open a 2011/12 ISA will any provider on 6th April 2011

Trixi

CLAPTON wrote: »

you can transfer your current nationwide e-ISA to the new e-ISA (3.10% ) by going to the nationwide website where you can do it all online ... this will be a 2010/11 ISA

Even though I opened my current e-ISA in 2010/2011?

Thank you

CLAPTON

Trixi wrote: »

Even though I opened my current e-ISA in 2010/2011?

Thank you

yes because you will be transferring it to the new one and closing the old one

look at the nationwide website... it's very straightforward to do

Trixi

Thank you for this, just wanted confirmation!