We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
H2B Isa Closure
pl187
Posts: 13 Forumite
Hi Folks,
Myself and my partner both have a help to buy ISA and will be closing it in the next month prior to our completion date.
We will both have 6400 in the ISA in the next few weeks however we only require 5k in each so the 25% bonus takes our final amount up to £12,500.
We plan to withdraw the 1400 from each and then go in to branch to complete the closure. Are there any issues doing this? Also, the interest that has accumulated until the point of closure, is this just added on to the ISA balance or is it possible to withdraw this amount also?
Thanks
Myself and my partner both have a help to buy ISA and will be closing it in the next month prior to our completion date.
We will both have 6400 in the ISA in the next few weeks however we only require 5k in each so the 25% bonus takes our final amount up to £12,500.
We plan to withdraw the 1400 from each and then go in to branch to complete the closure. Are there any issues doing this? Also, the interest that has accumulated until the point of closure, is this just added on to the ISA balance or is it possible to withdraw this amount also?
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards