Isa transfer

confused1

Help, can someone please clarify this for me -

If I wish to invest my next Isa with a different bank,

Do I have to move the rest of my previous Isas (which are all at present with Alliance & Leicester) together at the same time to the new provider,
OR
Am I allowed to invest separately with each year's allowance without having to lump previous ones together with it?

Thanks very much in advance.

Ian_W

confused1 wrote:

Help, can someone please clarify this for me -
Am I allowed to invest separately with each year's allowance without having to lump previous ones together with it?

Thanks very much in advance.

Hi,
You can keep them separate if you wish, sometimes you have to as some ISA providers don't accept inward transfers, eg NS&I.

You're welcome.

steady__eddie

You can have a different I.S.A provider every tax year if you want, I do. (spread it about a bit)

oldfella

if you leave them with A&L I recommend keeping an eye on the interest rate - they have a reputation of gradually reducing the rate for old accounts

Mike