Letter from IF

MattLG

I've recently received a letter from IF (regarding my ISA) saying if I have a mini cash ISA with them this tax year and continue to use it in the next tax year, I can't use another mini cash ISA. I'm not sure what they're saying here. Do they mean if I continue using their ISA after April 6th I can't take my ISA to a different company or are they saying I can't have two ISAs at the same time? It's very ambiguously worded. Has anyone else received this letter?

MattLG

MattLG

OK then, why on earth have I got someone else's signature on this forum?

MattLG

payless

Matt

If you make a depoist/ contribtion to your existing cash ISA account after 5/4/05 it will fall into next years - thus as you can not contribute to more than 1 cash isa ( slightly diffewent if you transfer) in any one tax year - means you can't open another ( with IF or anyone esle) in 05/06 tax year- but instead can still continue to use ( upto limits) the existing account.

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Signature - you can change it (if you wish) in "UserCP" panel near top of screen

Unbelievable_2

Matt

I've just had this letter. I think it's trying to say that you can only contribute to one ISA in any tax year (not that you can't have more than one ISA). As there are better rates around anyway I won't be putting anything into IF next tax year and I may well transfer from IF too.

To get rid of the signature stuff go to Quick Links above and choose Edit Signature

MattLG

That's what I was hoping. It just sounded like they were saying "if you're with us after april, you're stuck with us". The new First Direct ISA sounds good to me, I'll be transferring it ASAP :-)

I know how to change my signature, I want to know why I've suddenly acquired someone elses.

MattLG

Reaper

MattLG wrote:

I know how to change my signature, I want to know why I've suddenly acquired someone elses.

They all got mixed up in the move to the new server. Mine said I had a baby on the way which was news to me.