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If an ISA rate is cut......
zolablue25
Posts: 1,652 Forumite
...... after you sign up, is there anything you can do?
If I open an instant access 2012/13 ISA and the rate is cut shortly after, is there anything I can do and still keep the tax benefits of the ISA? Am I allowed to transfer the funds to a different ISA or can you only do that to past tax years allowances? Or is it just hard luck?
Just wondering.
If I open an instant access 2012/13 ISA and the rate is cut shortly after, is there anything I can do and still keep the tax benefits of the ISA? Am I allowed to transfer the funds to a different ISA or can you only do that to past tax years allowances? Or is it just hard luck?
Just wondering.
0
Comments
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Yes, you can transfer the money to another ISA that accepts 'transfers in'.0
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Yes, you can transfer the money elsewhere.
As long as the other provider accept transfers which may do.0 -
Ah, OK thanks. That has cleared up that little mystery for me.0
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