JISA Transfer

DJSINGH

Hi all,

I have a JISA for my child with Tesco.

I have paid into that JISA in this tax year (10 April)

I would like to transfer this ISA to a better rate account elsewhere (CBS)

Questions

1) Am I allowed to transfer even though I have already paid into this during this tax year?

2) Assume yes to above, will I be able to pay into the new account during this tax year?

Thanks

Jmc85

Yes and yes - think you need to sort the transfer before paying into the new account though 

DJSINGH

Jmc85 said:

Yes and yes - think you need to sort the transfer before paying into the new account though 

Thanks alot! I do plan to pay in once moved

Albermarle

If your child is young then you should consider moving to a Stocks and Shares JISA, as over the longer term itshould grow more than cash savings, which tend not to keep up with inflation.
For example
Junior ISA | Invest in a Junior Stocks and Shares ISA | Fidelity