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!
Third Party paying into ISA
hazza80
Posts: 17 Forumite
Hi,
Just after some advice if possible?I'm looking into transferring from my moneybox to a nutmeg S&S ISA. I lent a friend some money a while back and he's now able to pay me back. Would it be possible for him to transfer money direct into the ISA each month?
Would appreciate the help if anyone knows?
Regards
Just after some advice if possible?I'm looking into transferring from my moneybox to a nutmeg S&S ISA. I lent a friend some money a while back and he's now able to pay me back. Would it be possible for him to transfer money direct into the ISA each month?
Would appreciate the help if anyone knows?
Regards
0
Comments
-
The ISA rules themselves permit cash subscriptions to be made by third parties but worth checking the Nutmeg Ts & Cs in case they have any specific provisions objecting to this.
https://www.gov.uk/guidance/manage-isa-subscriptions-for-your-investorsCash subscriptions from third parties can be accepted without question unless the ISA manager holds information that shows that the cash does not belong to the investor.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards