Break between Cash ISA Subscriptions form

skray

Hi

I am transferring my previous Cash ISA, I am being asked to complete a "Break between Cash ISA Subscriptions" form.

The reason being though I am investing in a fixed 1 year term, I also hold a linked Cash ISA account (variable rate instant access) that I opened long time back, and since I have not invested with the bank in the last year, there is a break so I have to complete the form. 

Its the usual personal details like name, DOB, address, NI number, and the usual declarations like "I apply to subscribe for a Cash ISA for the tax year ... and each subsequent year until further notice", "I have not subscribed and will not subscribe more than the overall subscription limit...", "I have not subscribed and will not subscribe to another Cash ISA in the same tax year that I subscribe to this Cash ISA" stuff.

I googled Break between Cash ISA Subscriptions, Yorkshire Building Society and Virgin Money also has a similar form. 

Just curious why is this form required - is this a statutory requirement, or for the bank's internal audit?

Thanks in advance.

eskbanker

Historically it's always been necessary to reactivate ISAs after a gap, but the requirement to do this was removed in the 2024/25 changes, as documented in section 1.3 at https://www.gov.uk/government/publications/tax-free-savings-newsletter-11/tax-free-savings-newsletter-11

However, not all of these changes have been adopted by all providers (many aren't mandatory) so previous practices continue in some cases....