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
We're aware that some users are currently experiencing slow loading times and errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
Cash ISA impacting Help to Buy ISA
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
