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Aa isa
spluff
Posts: 186 Forumite
Hey all,
Ive never had ISAs before and was thinking of getting one...
The AA seems to have the best rate at the moment for 1 year so was thinking of opening that and keeping it in for the year.
What happens after the year? Can I move it easily to another ISA and still deposit another in the next tax year?
e.g.
deposit 5k now into AA Feb 2012
open another 5k after Apri 2012
move AA ISA into better performing ISA after year interest deal is finished
Is this allowed?
Ive never had ISAs before and was thinking of getting one...
The AA seems to have the best rate at the moment for 1 year so was thinking of opening that and keeping it in for the year.
What happens after the year? Can I move it easily to another ISA and still deposit another in the next tax year?
e.g.
deposit 5k now into AA Feb 2012
open another 5k after Apri 2012
move AA ISA into better performing ISA after year interest deal is finished
Is this allowed?
0
Comments
-
You've got it.
Just make sure that when you change to another ISA provider in the future you use an ISA transfer process (don't just withdraw the money yourself).0
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