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OLD ISA TRANFER TO NEW PROVIDER
Bravo2
Posts: 1 Newbie
Under ISA rules am I allowed to transfer old money to a new provider ( who accepts transfers in) having used my full isa allowance for the current year or am I supposed to open a new isa with the new provider of even £1 to be able to transfer the old money to them , which I cant do because I have used years full allowance ?- confused
0
Comments
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It'll generally be possible to fund a new ISA exclusively with old money transferred from another provider, but there are sometimes products which require the depositing of new money, so check the terms carefully.0
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Most ISA providers allow you to open an account without any new money. Once you are at the "funding" section of the application you can usually choose - deposit, transfer or both.
As eskbanker says above, not all allow this, but most of them do.0
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