isa transfers

Abatement

McKneff wrote: »

What I am getting at is that if it is in your wifes' name in an account, IT IS NOT YOUR MONEY ANY LONGER. it is her money, in an account that you should have no control over.
She has the control, not yuou. Does she know what you are doing with HER money

To be fair, I think you're being a little pedantic. Lots of couples will take joint decisions about money, even if that money is in individual accounts. And it's not unreasonable for one person to do the leg work in terms of finding the best deal etc for ISAs, notwithstanding that they will both need to agree and sign paperwork etc individually. Fair enough to make the point, but you're basically implying that he is defrauding his wife, which is slightly OTT.

ScottyLP

To back McKneff, having worked in customer services there are a huge number of people who don't understand that ISA's are not joint accounts and that as partner a pays into partner b's account they have the right to service it as they wish and have a right to whatever information they want.

Not saying that OP is one of these People though.

Archi_Bald

Abatement wrote: »

To be fair, I think you're being a little pedantic.

It is not pedantic. It is a question of legality. An account in the name of person A cannot be managed by person B unless person B has POA. I.e. person B cannot make or request any transfers for the accounts of person A. Person B also does not have the right to withdraw any money from the account of person A as it is legally the money of person A.

The fact that the money in person A's accounts might originally have from person B is neither here nor there. Nor does it matter if person A would happily give the money to person B. Only person A can manage person A's accounts.