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Question about merging isas
javixeneize
Posts: 188 Forumite
Hi
I have two ISA accounts, as one of them was a fixed 2 years account. Both of them will mature in April 2021. At this point, would i be able to merge both ISA in one, or will it be considered as part of my allowance?
It is, i have 20K in bank1, and 20k in bank2. Can i transfer the 20K from the ISA in bank1 bank2, which will give me a 40K ISA, and then, still have the whole allowance?
Thanks
I have two ISA accounts, as one of them was a fixed 2 years account. Both of them will mature in April 2021. At this point, would i be able to merge both ISA in one, or will it be considered as part of my allowance?
It is, i have 20K in bank1, and 20k in bank2. Can i transfer the 20K from the ISA in bank1 bank2, which will give me a 40K ISA, and then, still have the whole allowance?
Thanks
0
Comments
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Yes, current year subscription allowances aren't affected by transfers of prior year money, as long as you use the new provider's ISA transfer process.0
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