T212 incorrect ISA allowance assignment

mountaindreams

I transferred my Lloyds Cash ISA to T212 using the proper transfer service and the funds were moved on 19th September. The money transferred was showing as Reserved funds until the last day or so and it is now showing all the transferred money as part of this year's allowance. However the majority of the money transferred was put into the Lloyds ISA at the beginning of March this year so was part of 23/24 not 24/25.

I have messaged T212 to try to rectify. Not sure if it is Lloyds who have not provided them with the correct information or T212 who are at fault. Anyone know how best to get this sorted?

masonic

It's been over 2 months since the money was moved, so I don't understand why it would have shown as reserved funds until so recently. Possibly if it has been this slow to clear, T212 have yet to allocate the money between tax years. T212 will need to sort it, potentially getting in touch with Lloyds if the information provided was that it was all current year money.