ISA Advice Required

Daviestator85

The Trading 212 ISA has a very good rate & I'm interested in applying however I'm not sure if I would be able to top it up after the ISA allowance period resets - I've tried looking around their website for an email address that would provide help & advice with the query but haven't had any luck, their Facebook page doesn't allow for messages to be sent either!

I had an ISA with UBL which still had some time left until it matured so tried to add more money to it as the allowance period had reset but my funds were returned & I was told that I would have to open a new account with the current financial period.

I opted to go with Moneybox instead as I was unhappy with their decision so opened an ISA with £10,000.00 meaning I've got £10,000.00 left during this financial year to invest & after the period resets, I would like to add to this with a further £10,000.00 but I'd like confirmation that this is possible before going ahead & opening an account following my past experience.

Any advice you can provide would be greatly appreciated because I've not been able to find any contact details for Trading 212 as I say!

Regards,

Matthew Davies.

redped

From https://www.trading212.com/about-us  - email address is info@trading212.com

eskbanker

Daviestator85 said:

The Trading 212 ISA has a very good rate & I'm interested in applying however I'm not sure if I would be able to top it up after the ISA allowance period resets - I've tried looking around their website for an email address that would provide help & advice with the query but haven't had any luck, their Facebook page doesn't allow for messages to be sent either!

I had an ISA with UBL which still had some time left until it matured so tried to add more money to it as the allowance period had reset but my funds were returned & I was told that I would have to open a new account with the current financial period.

You may be mixing up two different periods - the annual ISA contribution allowance is £20K per tax year, but the funding window for any given account is unrelated to that.  It sounds like your UBL ISA was a fixed term one, and it's quite normal for these to permit funding only within a short initial window, such as 14 or 30 days, but variable rate easy access products (such as T212's) won't have any such restriction and you can continue to pay in for as long as the account is open.

El_Torro

I opened a Trading212 flexible easy access ISA a few months ago. I recently added some money to it without issue. As eskbanker says you've probably had issues with other providers because you were in a fixed rate, variable rate easy access ISAs don't have this issue.