cash nisa question

dave_154

I have an isa already just wondered if I transfer it to a different account can I transfer it again after march (new tax year) or is it twelve mounth from the date I transfer?

Also if I can transfer now and again in new tax year what happens to the interest as it is paid annually?

Thanks

Archi_Bald

You can transfer instant access ISAs as often as you like. Interest gets paid up to the date you transfer. If you wish to transfer any of the money deposited this year, you must transfer all of it. Prior years' money can be transferred in parts or entirely.

Fixed term ISAs can generally only be transferred once they have matured.