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I have some ISA allowance left
bobbief
Posts: 1 Newbie
I opened a fixed rate 16month ISA last April at 2.65% interest I still have some of my £20000 allowance but I cannot put it into this account .
There are better interest rates available now so is it wise to transfer it now adding the rest of my allowance
I believe I will loose 105 days interest if I do this.
I believe I will loose 105 days interest if I do this.
0
Comments
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If you are in month 11 of a 16 month fix, it may not make sense. It also depends on how much of your £20k allowance remains to be used.You would be able to use the remainder of your allowance in a S&S ISA. You would not necessarily need to invest it and could transfer out in the next tax year. Look out for exit fees if doing this.2
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