Moving money between ISAs with the same provider

libf

I have two ISAs with Nationwide; one is easy access and the other is a regular saver. If I put money into the easy access ISA then can I transfer it to the regular saver without it counting against my ISA allowance again?

The regular saver doesn't allow transfers in so I'm guessing that I can't, but not sure it counts as a transfer if moving it within the same tax year.

colsten

libf wrote: »

The regular saver doesn't allow transfers in so I'm guessing that I can't, but not sure it counts as a transfer if moving it within the same tax year.

If it doesn't allow transfers in, you cannot transfer any money from any other ISA

wheelz

I have just transferred/consolidated 2 old ISAs (previous tax years) into a new one with Nationwide. The new ISA I have chosen is the Flexclusive. You can then open a Regular Saver ISA for this year's savings, provided you don't add money to the Flexclusive. Best to go to branch for the consolidation, that's what they advised me. See here: https://forums.moneysavingexpert.com/discussion/5217421

masonic

wheelz wrote: »

You can then open a Regular Saver ISA for this year's savings, provided you don't add money to the Flexclusive.

Why "provided you don't add money to the Flexclusive"?

wheelz

masonic wrote: »

Why "provided you don't add money to the Flexclusive"?

You can only pay in money into one cash ISA.

Condition: You agree that you will not (pending termination or transfer) subscribe to any other cash ISA in the same tax year as subscribing to this one, unless
permitted under the HMRC ISA regulations.

Archi_Bald

wheelz wrote: »

You can only pay in money into one cash ISA.

Condition: You agree that you will not (pending termination or transfer) subscribe to any other cash ISA in the same tax year as subscribing to this one, unless
permitted under the HMRC ISA regulations.

At Nationwide, and one or two other building societies, you can. They will effectively treat, and report, your deposits for a tax year as a single ISA even if you put your money into more than one of their ISA accounts.

badger09

wheelz wrote: »

You can only pay in money into one cash ISA.

Condition: You agree that you will not (pending termination or transfer) subscribe to any other cash ISA in the same tax year as subscribing to this one, unless
permitted under the HMRC ISA regulations.

Nationwide allow you to pay into ore than one of their ISAs - see 'What do I need to know'

http://www.nationwide.co.uk/products/isas/isas-explained#tab:ISAsexplained

as Archi said