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Transfer of Old Money and Contributing New Money to Previous ISA

ConsistentlyLost
ConsistentlyLost Posts: 84 Forumite
Fourth Anniversary 10 Posts
in ISAs & tax-free savings
Hi Folks!

I'm looking to transfer 10k of my 20k 22/23 money from my Virgin easy access flexi ISA to Santander's 18 month fix ISA. My question is can I then deposit 20k into my Virgin easy access flexi ISA?

TIA

Comments

  • cricidmuslibale
    cricidmuslibale Posts: 642 Forumite
    Fourth Anniversary 500 Posts Name Dropper Photogenic
    edited 6 April 2023 at 8:02PM
    Yes you can do that £20k deposit precisely because the £10k you are transferring from Virgin to Santander is coming from what is now cash ISA money deposited in a previous tax year and not the current 2023-24 tax year!
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