Can I transfer money from an ISA more than once in a tax year?

StuartWR

I had an existing Post office ISA with a low rate. I transferred the full ISA at the start of the month into a new Post Office ISA with a variable rate of 1.1%. Now the Post office are reducing this rate. I want to know whether I can transfer the full balance of my recently opened Post Office ISA into a new ISA with a different provider with a better rate.

If I cancel the new PO ISA they will return the money to my current account and close my ISA with the result that my money will no longer be in an cash ISA. Maybe this doesn't matter as the balance is below the maximum amount that I can put into a new ISA this year and so I could just start a new ISA. I would rather make a transfer but can't quite understand whether this is an option I have.

Any help appreciated.

le_loup

You can transfer as often as you wish.