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Rate setter IF Isa
oz0707
Posts: 918 Forumite
Am I right in assuming that if I open a rate setter IF Isa, I can still open another cash ISA this tax year? Also I presume the IF Isa will count towards your 20k annual subscription max over all forms of ISA - Lisa, If Isa, Cash isa, Stocks Isa etc?
Thanks
Thanks
0
Comments
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Yes you can contribute up to a total of £20k this tax year across the 4 main types of adult ISAs.0
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Cheers. What about transfers. You can transfer cash isa to s&s but what about if isa? Can cash isa balance be transferred to this?0
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ISA transfers are not withdrawn from the ISA. They stay within the ISA. So, they dont eat any of your allowances.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yes i know that but couldn't see if transfers were available. Ie do IF isa's accept transfers in from cash isa generally?0
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The below Ratesetter link states transfers are allowed
The RateSetter ISA is an Innovative Finance ISA. Investors can add up to £20,000 in each tax year and will be able to transfer money in from other ISAs from April 2018.
https://members.ratesetter.com/noticeboard/the_ratesetter_isa_has_arrived0
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