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Fixed Rate Isa's maturing in Jan.
Pensioner2b
Posts: 21 Forumite
My husband and I have two fixed rate Isa's with Shawbrook maturing in January. In FY24/25 I opened two Virgin Isa's, mine is a Fixed rate e-isa and hubby's is an easy cash isa. Both the Virgin Isa's were opened with the full £20k each. If we now transfer the Shawbrook Isa to another Shawbrook Isa (1 year fix 4.49%) is that breaking the ISA rules as we have already used this years allowance with the Virgin Isa's.
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Comments
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No, you will not be breaking the rules. You can transfer to the new ISA.
The £20k annual allowance relates solely to new money in the tax year.2 -
With Shawbrook, you can add to the Fixed ISA next financial year if you want. I only found this out last week. Thanks to the comments to my post.0
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