Htb Isa and ending of current isa

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
4 replies 468 views
SncjwSncjw Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi guys.

I've been thinking of the help to buy isa

Now I have had a fixed isa for 18 months which ended in October and they automatically moved me to cash isa but I haven't paid anything to it.

Would this rule me out of the htb despite me not physically opening an isa this year.

Sorry if this was mentioned also but would I be able to pool that htb money and any other savings to enable me to get a bigger deposit

Replies

  • Eco_MiserEco_Miser Forumite
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    That was a transfer, not a new subscription, so you can start opening the HTB tomorrow.
    Your deposit does NOT have to come exclusively from the HTB. That would be ridiculous.
    Eco Miser
    Saving money for well over half a century

  • SncjwSncjw Forumite
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    I stayed with the same bank they automatically put me on the instant saver at a crap rate.

    So I could open a htb then next tax year open another better rate isa for remainder
  • colstencolsten Forumite
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    Sounds like you are entitled to the HTB ISA, and if you are, you should go for it.

    The rest of your money might be a lot better off outside an ISA.
  • Rich2808Rich2808 Forumite
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    I didn't quite appreciate this but it seems - at least with Nationwide - that you can transfer in prior year ISA funds to fund your help to buy ISA. So you could it seems do a prior year partial transfer each month and still leave your ISA options open for the current tax year whoever you want to invest with.

    Don't see why not but I assumed it would have to be new funds for 2015-16.
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