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Can't transfer ISA??
Comments
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Current year's ISAs can be transferred, as long as they are transferred in full. This has been discussed countless times on this forum. Transfer forms of all ISA providers ask the appropriate questions and they are easy to answer.0
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psychic_teabag wrote: ȣ4.62 is peanuts, but if OP wants to use ISA allowance elsewhere, they have no choice but to transfer it. Withdrawing the money and closing the account means they can't open an ISA elsewhere and use their allowance.
Not necessarily true.
There is a little know rule which states that if you close and fully withdraw an ISA you opened in the current tax year, you can then open another one without invalidating either ISA.
The details and links are here http://forums.moneysavingexpert.com/showpost.php?p=60525369&postcount=17
But it may be that the existing ISA would need to be fully closed and withdrawn (including prior year contributions).We need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0 -
Why do you want to transfer something you only opened last week? If it is saving for a bill that will be paid this year then I really can't see it is worth the hassle to move for the sake of 40p.Remember the saying: if it looks too good to be true it almost certainly is.0
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I want to transfer an ISA to a different provider so that I get a better rate for this year. I have only paid in£4.62 meaning I have best part of allowance still left. I quite simply want to know if I can transfer the ISA to a new provider and add to it at new provider. Thought my question was straight forward!! Also not a new isa, a continued one.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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Your question has already been answered at least twice on this thread, and several dozen times on other threads.
Just fill in that transfer request form so that everyone can live happily ever after.0 -
You can transfer the £4.62 to another Cash ISA account and continue paying into it the new account this tax year (up to the annual allowance). If Barclays and Santander said you can't then they may have been referring to fixed rate accounts which don't allow more than one payment in/transfer.
So this has been answered 3 times now in this thread.0
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