Moving old ISA to trading 212 at 5.1 %

bripat

Sorry I only got my ISA last year and just want to check with you all ,  my halifax ISA ends in 4 weeks £20k + interest my wife's nationwide ISA 19k + interest ends in 6 weeks we would like to put them  together ( in my wife's name).. my wife has just opened a flexible 212 ISA today (5.1%)can she transfer her nationwide ISA in February 2025 into it and I could let my Halifax turn into a saver and then after 6 th April move my money to her to put into her 121 flexible ISA .giving us a £40k+ flexible ISA we just want to make it easier and more flexible and with a good interest that I know will probably go down.

flaneurs_lobster

An ISA cannot be transferred to another person nor is there any concept of a joint ISA (the "I" is for Individual). 

You could, of course, take the money outwith your ISA and give it to your wife but I don't think you mean to remove the cash from the tax-free wrapper.

Just keep your separate ISA accounts so that you can both take advantage of the £20k allowance each.

Techno_Novice

By doing what you propose, you'll use up your wife's 2025-2026 £20k Personal Allowance.  I would just open another Trading212 ISA in your name and TRANSFER your Halifax ISA, in to that, by completing the appropriate Trading212 ISA TRANSFER Form.  There is no need to wait until the end of the tax year to open and TRANSFER your existing Hakifax ISA.  I've done the same for both myself and my wife, in order for us to both benefit from the higher interest.

Be aware that - Trading212 sometimes SUSPENDS Transfers IN.  This doesn't stop you from opening a Trading212 ISA account with a £0.00 Balance.  It just means you can't TRANSFER any existing ISA, with another provider, in to the account, until the suspension has been lifted.  Also if you've already used up this years £20K ISA  limit, you can't make any cash deposit to the account.  If you've paid anything in to your Halifax ISA for this year (2024-2025), you have to transfer this full amount to any NEW ISA you open.