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ISA transfers
WallWall
Posts: 1 Newbie
Hi, I am fairly new to ISAs and am just about to have my first ISA mature. I have another ISA which matures next year but does not accept transfers mid term. My question is; if I have used up my allowance for this year can I still open up a new ISA for this year purely to transfer my maturing ISA into? I would then look to transfer the ISA maturing next year into that same one. Thank you!
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Comments
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You can do this, but if you want both ISAs transferred to the same place, you will need to identify one that doesn't have a limited pay in window. Only a few fixed ISAs allow this, but obviously easy access ISAs would accept transfers at any time.
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