Can I move ISA accounts as many times as I want within one tax year?

Paphos_Gooner

As long as the account conditions allow it?

I had a Santander ISA for which the rate dropped in January so I transfered this balance over to Virgin Money's 2.85% account in February. If a better ISA rate account crops up before the 5th April I can transfer again can't I?

Thanks :beer:

badger09

Paphos_Gooner wrote: »

As long as the account conditions allow it?

I had a Santander ISA for which the rate dropped in January so I transfered this balance over to Virgin Money's 2.85% account in February. If a better ISA rate account crops up before the 5th April I can transfer again can't I?

Thanks :beer:

Yes - as you say, as long as the account conditions - both old & new accounts - allow it.

Only rule is that you cannot split your current year's contribution, so if you want to transfer your 2011/12 ISA, you have to xfer it all. You can split previous year's contributions to your heart's content :cool:

Paphos_Gooner

Thank you.

me_again_3

badger09 wrote: »

Yes - as you say, as long as the account conditions - both old & new accounts - allow it.

Only rule is that you cannot split your current year's contribution, so if you want to transfer your 2011/12 ISA, you have to xfer it all. You can split previous year's contributions to your heart's content :cool:

Sorry for being a bit thick but does this mean that if I have cash of £20K in an isa i can transfer say £10k to santander and the other £10k to Virgin?

dave_ave

Yes, if the T&Cs of each account allow it and your exisiting provider allows it.