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Isa’s gone over the fscs limit…can i split it on reinvestment

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Good evening
I have had isas over years and years. A few years ago i transferred them into one isa that was paying a good rate..
The only issue is its coming up for maturity but is over the fscs limit.
I would like to transfer it again into another isa, but dont want to be over the fscs limit.
Would i be able to split it up into two new isa’s?
Thankyou

Comments

  • Aidanmc
    Aidanmc Posts: 1,298 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Sure you can, just do a partial transfer for whatever amount to another ISA provider
  • Aidanmc said:
    Sure you can, just do a partial transfer for whatever amount to another ISA provider
    Not all ISA providers allow partial transfers out......you will need to check the t & c's.
  • GoldenOldy
    GoldenOldy Posts: 222 Forumite
    100 Posts Second Anniversary
    Thankyou very much.
  • sausage_time
    sausage_time Posts: 1,452 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Aidanmc said:
    Sure you can, just do a partial transfer for whatever amount to another ISA provider
    Not all ISA providers allow partial transfers out......you will need to check the t & c's.
    If that's the case you can of course move the balance to an account that does, then several partial transfer to the new deaired accounts.
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
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