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Closing an ISA
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JAM13
Posts: 2 Newbie
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
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
0
Comments
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You won't lose any benefit; you may even gain a little residual interest.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?
Contact the banks and ask them to close your empty ISAs.0
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