Can I top up a previous ISA

SueDerbyshire

Hi,

I have a Santander 3 year Fixed ISA and because the rates this year are so low was wondering if I can top up my Santander ISA from last year with this years allowance? (Not a transfer in)

Does anyone know If this is possible or does it matter which particular ISA it is?

Thank you in advance for any help.

Sue

Lokolo

Santander did do an offer where each year you could deposit your new allowance. But I am not certain, and it would depend on your ISA.

Do you still have the T&C booklet you got when opening the account?

edit - I also think you only had 14 days to do so, which has past. So I reckon the answer is a no.

SueDerbyshire

Thanks for your reply.

I thought I had read that somewhere, hence the question but wasn't sure. I will check the T & C's which I will have hidden somewhere.

Thanks again for your prompt reply.

Sue

innovate

The only fixed term ISAallowing depsoits in mutiple years that I am aware of is the Lloyds 2-year ISA.

But it's a matter of checking the T&Cs you signed up for.

SueDerbyshire

Thank you for both your replies.

I thought I better check with Santander, their terms and conditions were a little unclear. Anyway, just incase anyone else would like to know, you can not add this years allowance to last years account, just as I was advised.

I have some savings currently receiving 3.06% interest and this account matures at the end of June, I was going to take my allowance for this year from that account and place it into a new ISA account but because of the low interest I have decided to leave it where it is for now and hope the interest increases in the near future or before this account matures. I don't have to pay tax so it doesn't make any difference to me either way.

I hope someone finds this useful.

Sue