We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
ISA Transfer & Allowances
Mookie-Blaylock
Posts: 13 Forumite
Hello,
I've transferred my current ISA to another provider. I have only paid £500 into this ISA when it was with my previous provider.
Am I correct in thinking that I can still pay up to £5140 in this tax year even though I have transferred it to a new provider?
Many thanks.
I've transferred my current ISA to another provider. I have only paid £500 into this ISA when it was with my previous provider.
Am I correct in thinking that I can still pay up to £5140 in this tax year even though I have transferred it to a new provider?
Many thanks.
0
Comments
-
Correct !!!! I assume the £500 was paid in this tax year 2012/130
-
Yes it was paid in this tax year 2012/13.
Many thanks.0 -
Mookie-Blaylock wrote: »Hello,
I've transferred my current ISA to another provider. I have only paid £500 into this ISA when it was with my previous provider.
Am I correct in thinking that I can still pay up to £5140 in this tax year even though I have transferred it to a new provider?
Many thanks.
Yes - assuming the new ISA to which its been transferred, allows further deposits. If its fixed term/fixed rate, you probably won't be able to add to it.
Better get a move on though Funds have to reach your ISA by 5th April, or they will be treated as 2013/14 subscription
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards