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Cash ISA impacting Help to Buy ISA
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RH76400
Posts: 1 Newbie
Hi,
Would really appreciate if someone could clarifying the below;
Would really appreciate if someone could clarifying the below;
- I currently have a Help to Buy ISA which I regularly contribute monthly payments into
- I also have an old Cash ISA which is is attracting a low level rate of interest. I have not input any funds into this ISA since I opened up my Help to Buy ISA a number of years ago
- As my Cash ISA is attracting a low rate, I was wondering if I could perform a transfer in transaction from this Cash ISA into another Cash ISA (different provider) without causing implications to my inflight Help to Buy ISA?
- I do not want to contribute any new money into my Cash ISA. I just want to get a better rate.
- I will still be regularly contributing to my Help to Buy ISA
- If the above can be done, can I also open up a new Lifetime ISA (same tax year as the above)?
0
Comments
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You can transfer your old cash ISA to a newer one without affecting your HTB ISA, as long as you only pay into one or the other of these during any given tax year (unless both are with a provider supporting split ISAs), and you can also open and fund a lifetime ISA concurrently.0
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