Isa limits

Victorrb

I have £85,000 in an isa. In the new financial year, I would like to transfer £70,000 into one isa, and transfer £15,000 into a second. I would then like to put my £20,000 allowance for 18/19 into the second isa. So, I would have £70,000 in one isa and £35,000 in another. Can I do this within the isa rules.

ColdIron

Yes, no problems. Just remember to use the formal ISA transfer procedures

Victorrb

Thank you for confirming.

droopsnoot

Wasn't there something in a recent budget about relaxing the requirement to use the transfer procedure, so as to make it simpler to do this, and to help out where ISAs don't allow transfers in?

sovsov1357

I believe this would be fine. I would contact the intermediary just in case to double check...they should have the right answer