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Third Party paying into ISA
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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
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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
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