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Still confused!! Please help.
Ryles
Posts: 10 Forumite
As the title says I'm still slightly confused 
.
I am going to try and make this as clear as possible:-
I opened an ISA with Barclays in 2012 using my full allowance.
I have opened another Isa with Coventry BS for 2013/2014 as the rate was good using my full allowance for this year.
The rate has dropped by loads on my ISA with Barclays so I want to transfer to another provider. Coventry BS do not accept transfers on the ISA that I have just opened for this year.
Everytime I try and transfer the 2012/2013 Barclays ISA to another provider it says that I must not have subscribed to another ISA this year..........but I have.... the Coventry ISA!!
So all I want to do is transfer my Barclays ISA to a provider with better rates. Can I do this? I do not want to pay anymore money into it this year as I know I have used my allowance on the Coventry ISA. I get totally confused when it says that I must not have subscribed to another ISA this year. Does this mean that I cannot transfer my Barclays ISA until next year?? OMG I'm so confused!!:o
Many thanks and any advice is very much appreciated.
.I am going to try and make this as clear as possible:-
I opened an ISA with Barclays in 2012 using my full allowance.
I have opened another Isa with Coventry BS for 2013/2014 as the rate was good using my full allowance for this year.
The rate has dropped by loads on my ISA with Barclays so I want to transfer to another provider. Coventry BS do not accept transfers on the ISA that I have just opened for this year.
Everytime I try and transfer the 2012/2013 Barclays ISA to another provider it says that I must not have subscribed to another ISA this year..........but I have.... the Coventry ISA!!
So all I want to do is transfer my Barclays ISA to a provider with better rates. Can I do this? I do not want to pay anymore money into it this year as I know I have used my allowance on the Coventry ISA. I get totally confused when it says that I must not have subscribed to another ISA this year. Does this mean that I cannot transfer my Barclays ISA until next year?? OMG I'm so confused!!:o
Many thanks and any advice is very much appreciated.
0
Comments
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Yeah just ignore those boxes. If you're only intending to transfer in money to a new ISA (and not deposit new money) then that rule isn't relevant. If you can only complete the account opening by ticking the box, just tick it.0
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Agree with DragonQ. If any ISA application/transfer from suggests you can't transfer old ISAs, they don't know the rules, and you just have to be creative to bypass the morons.
It is completely within the ISA legislation that you can transfer your ISA(s) anytime you like. http://www.hmrc.gov.uk/isa/faqs.htm#60 -
Ok so I'm not doing anything wrong by doing this.
Many thanks for your advice. Really appreciated
0
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