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ISA question
doitagain
Posts: 7 Forumite
Can't work out if this action is possible - can anyone help?
I have a Fixed Rate ISA maturing in the new tax year and will want to transfer this into either a new or other (existing) ISA with another provider. Can I then add further funds to the new account using the new tax year allowance? This means there will be two payments in but only new money for that year.
Thanks
I have a Fixed Rate ISA maturing in the new tax year and will want to transfer this into either a new or other (existing) ISA with another provider. Can I then add further funds to the new account using the new tax year allowance? This means there will be two payments in but only new money for that year.
Thanks
0
Comments
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You can pay new money into an ISA containing funds from a previous year, for as long as the account terms permit that - most fixed rate ones will only have a short initial funding window.0
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Yes you can. Provided that you transfer your existing ISA money and do not withdraw to your bank then make a new subscription."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0
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