Can I Transfer ISA From Different People into One ISA?

anotheruser

Say my partner opens an ISA account this year and I open a separate account.
Next year, can we open a new ISA account, then merge the other two into it?

Hooloovoo

anotheruser wrote: »

Say my partner opens an ISA account this year and I open a separate account.
Next year, can we open a new ISA account, then merge the other two into it?

No. Not without withdrawing the money and using up the next tax years subscription allowance.

westy22

The clue is in the title Individual Savings Account - no joint accounts are allowed.

Martinslovechild

If you open an ISA this year, this can be transferred into next year's ISA - providing that the next year's ISA allows transfers in (some ISA products don't allow this - you'll need to check the T&Cs).

The rule for your partner is the same. He/she can open an ISA this year and transfer it into next year's ISA providing she's allowed under the T&Cs of the product.

You're not allowed to merge each other's ISAs as they're individual savings accounts. There's no such thing as a Joint Savings Account (though you may have seen the term JISA banded about, which stands for Junior Individual Savings Account - available to under-18s).

anotheruser

Okay, forget the "we" bit... can the partner open a new ISA account and transfer the savings from my ISA account into it?

innovate

anotheruser wrote: »

Okay, forget the "we" bit... can the partner open a new ISA account and transfer the savings from my ISA account into it?

No, no ISA can be transferred from person A to person B.