eligibilty for £10 per month HSBC save together ISA

moneysavinggirl40

Apologies if this has been answered. Has anyone partially transferred a £300 lump sum from an old ISA they are not subscribing to into their new Loyality ISA and then taken £299 out immediately leaving it with £1.
Have you still benefited from £10 per month with the save together deal?

It's just that I have a regular ISA that I am subscribing to for 2015/16 with a slightly better rate than the loyality ISA, so want to use previous years subscription ISA monies to fund the Loyalty ISA.

I would like to then take £299 out of the Loyalty ISA and put into high interest current account/regular saver. I'll do this if £1 in Loyalty ISA will do the trick to getting free £10.

colsten

duplicate question in https://forums.moneysavingexpert.com/discussion/comment/68819778#Comment_68819778

Westie983

you cant fund two isas in the same tax year so if you already have an isa for 2015/16 funding the LISA with £300 would mean duplicate. inless you transfer a old isa allowance prior to 2015 tax year, but I would then assume it would be more then the £300!!!

and yes you can remove the money as long as you have credited the £300 and had confirmation that you are registered and qualify, would wait till you have the first £10 before moving though....

Eco_Miser

It's legally possible to transfer just part of a previous year's ISA, but not all ISA managers permit a partial transfer out.

moneysavinggirl40

so i have to find out if the isa account I hold with the external provider lets me transfer part isas out from previous years subscription.