maxi isa charges

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
2 replies 605 views
pana37pana37 Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
hello i have a halifax maxi isa for many years i havent had any shares in there for a while i requested the a/c to be closed about 4 months ago , now they are sending me a bill for about £60 i expalinedto them i havent used the a/c for at least 4/5 years . they say i still have to pay is ths right?


  • dunstonhdunstonh Forumite
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    If you dont cancel a contract, then you are still liable to pay any charges that exist on the contract.

    I dont know the specifics of the contract you have though to comment whether they are right or wrong though.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • cheerfulcatcheerfulcat Forumite
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    Hello, pana,

    There is an annual administration charge whether you use the account or not, as long as it is open. I don't think that you have any choice but to pay.
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