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Barclays ISA confusion
astrit_2
Posts: 1 Newbie
Hi everyone,
I am new here so please bear with me.
I received a letter today from Barclays (my ISA and current accounts provider) saying...
"...we do not have a record of a new ISA declaration being provided by you in the current 2013/14 tax year."
...and therefore I would not be allowed to deposit a certain amount to my ISA. There is an "ISA Declaration" form to fill in but I don't understand this 100%.
Since I did not deposit cash on my ISA for the tax year 2012/13 I will not be able to deposit for this year unless I sign a new agreement? Is that it? Once this agreement is signed will I have to do this every year?
Also, are there any sort implications as a result of agreeing to a new declaration? Will I be disadvantaged in any way?
Thanks,
Astrit
I am new here so please bear with me.
I received a letter today from Barclays (my ISA and current accounts provider) saying...
"...we do not have a record of a new ISA declaration being provided by you in the current 2013/14 tax year."
...and therefore I would not be allowed to deposit a certain amount to my ISA. There is an "ISA Declaration" form to fill in but I don't understand this 100%.
Since I did not deposit cash on my ISA for the tax year 2012/13 I will not be able to deposit for this year unless I sign a new agreement? Is that it? Once this agreement is signed will I have to do this every year?
Also, are there any sort implications as a result of agreeing to a new declaration? Will I be disadvantaged in any way?
Thanks,
Astrit
0
Comments
-
You probably have to sign the declaration because you didn't deposit anything last year.
However, you might want to take the opportunity to opt for an ISA that pays better interest. Check post 1 in this thread for the best available ISAs (assuming we are talking cash ISAs).
https://forums.moneysavingexpert.com/discussion/4013740
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