Transfering a flexible ISA

sparkiemalarkie

I have a flexible ISA with Yorkshire Bank.
I want to transfer part of it to another ISA provider and use some of it to buy a bond with a view to replacing the 'bond' money back into the ISA at the end of Tax year.


If I want to transfer part of that ISA does all the balance have to be in place or can just the amount that I want to transfer have to be in place?


eg. If I had £5000 in a flexible ISA but have withdrawn £2000 can I transfer £2,200 from the remaining balance to another provider leaving me with £800 in the flexible ISA and still have the option of reinstating the £2000 that was withdrawn?


tia


sparkie

Frenske

It depends, some ISA providers allow for partial transfer of the ISA balance. You will need to check with the NEW provider if they do this.