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Closing an ISA

edited 30 November -1 at 1:00AM in Savings & Investments
1 reply 415 views
JAM13JAM13 Forumite
2 Posts
edited 30 November -1 at 1:00AM in Savings & Investments
Hi

I have several old cash ISA's which no longer have any funds in. All funds have now been transferred to my offset mortgage account (which was my aim all along).

I would like to close my unused ISAs currently held with HSBC and Barclays. However, there isn't a huge amount of information on this-does anyone have any experience doing this?

Do I loose any previous tax benefit that i gained whilst they held my money? Do I need to repay this?

Thanks
JAM13

Replies

  • VortigernVortigern Forumite
    3K Posts
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
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    JAM13 wrote: »
    I have several old cash ISA's which no longer have any funds in. All funds have now been transferred to my offset mortgage account (which was my aim all along).

    I would like to close my unused ISAs currently held with HSBC and Barclays. However, there isn't a huge amount of information on this-does anyone have any experience doing this?

    Do I loose any previous tax benefit that i gained whilst they held my money? Do I need to repay this?
    You won't lose any benefit; you may even gain a little residual interest.

    Contact the banks and ask them to close your empty ISAs.
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