Fixed Rate Isa's maturing in Jan.

Pensioner2b

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.

mebu60

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. 

iantowelsh

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.