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New ISA with Halifax 2012-2013 Enquiry
WINTER
Posts: 1 Newbie
I had a old ISA with halifax, matured April 2012 and I received the interest. This week I added £90 into the old ISA.
Today I opened a new ISA with Halifax and did an online transfer manually of the 'old money' into the new ISA account.
1. Should I have filled out an online transfer form?
2. Can I still put new money into the new Halifax ISA account?
Any help appreciated!
WINTER
Today I opened a new ISA with Halifax and did an online transfer manually of the 'old money' into the new ISA account.
1. Should I have filled out an online transfer form?
2. Can I still put new money into the new Halifax ISA account?
Any help appreciated!
WINTER
0
Comments
-
1. Should I have filled out an online transfer form?
Yes.
I think you have withdrawn from your old ISA and deposited into the new one.
This is not the same as an ISA transfer where there is a special process and the ISA paperwork accompanies the money.
This means your old money ALL counts towards your ISA limit for 2012/2013.2. Can I still put new money into the new Halifax ISA account?
Up to a limit of £5640 including ALL you old money.
That is my understanding of what you have done.
You might want to call Halifax to check.0 -
You've broken ISA regulations.
Talk to Halifax about how to fix the problem. They should be able void the new ISA.0 -
Then complain loud and bitterly to Halifax about software that breaches regulations.
You'd think HMRC would have had a word in their ear by now."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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