ISA Transfer & Allowances

Mookie-Blaylock

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.

helptoyou

Correct !!!! I assume the £500 was paid in this tax year 2012/13

Mookie-Blaylock

Yes it was paid in this tax year 2012/13.

Many thanks.

badger09

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