ISA advice

matty_544

masonic said:

matty_544 said:

masonic said:

Newcastle BS is possibly the only example of a split-ISA provider allowing new accounts to be opened for transfers. Though I'd second eskbanker's advice to think about why you need all three types of ISA.

I think i opened the HTB last year to use as a regular saver without the intention of using to get the 25% bonus on a first property. I think you are right i will ditch the HTB ISA when the rate drops next month.

Ive already done steps 1 and 2.

Can i now put the remaining allowance into my CASH ISA and then do step 4 only.

If you're planning to ditch the HTB ISA when the rate drops then surely the best option is to get Nationwide to transfer the HTB ISA into the other cash ISA, then transfer the lot to Shawbrook (or whoever)? Or you could make use of ISA flexibility and withdraw the £200 subscribed to the HTB ISA this month and then pay up to £16k into the cash ISA before transferring it elsewhere.

Yes i think that is wat i will do. It means i would have the HTB as effectively a £200 per month tax free regular saver.

Once transfered into the Nationwide CASH ISA, i will max out my allowance and transfer into a provider with a better rate.

Thanks very much for your help and advice guys