cash isa interest limit

ukinvisible

I have a cash ISA of around 5k with lloyds tsb for 2011/12 year, i got an interest 190£ that is paid on April 02, 2013 into the same cash isa account.
I have opened a cash ISA for an amount 5640£ with santander for 2012/13.
As the 190£ got credited in lloyds tsb cash isa. Will that affect the limit of 2012/13?

RoxRoxBling

Any interest credited does not count towards your isa limit.

heloid

Yep, it a limit on how much you put in yourself only.

ukinvisible

Thanks for the reply. Can i transfer the 190£ interest from my cash isa account to my saving account?

gkerr4

you can transfer any amount currently in an ISA to another ISA - this includes any interest accrued on the account - so you can transfer the whole amount to your new ISA if that is what you are asking?

innovate

ukinvisible wrote: »

Thanks for the reply. Can i transfer the 190£ interest from my cash isa account to my saving account?

Yes you can -- but why would you?

If your savings account pays better interest than your ISA, you should be looking at an ISA transfer (using the proper transfer process).

If it doesn't, what would be the point of transferring the interest?