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Utilising the annual ISA allowance - query
Moots2024
Posts: 34 Forumite
Could my wife and I transfer £20k of "unwrapped" savings funds currently in my name into an ISA solely in my wife's name and in so doing use up my wife's annual allowance?
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Comments
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Yes you could.1
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Possibly not no.Moots2024 said:Could my wife and I transfer £20k of "unwrapped" savings funds currently in my name into an ISA solely in my wife's name and in so doing use up my wife's annual allowance?
A transfer to her then into an ISA should be possible.
But don't forget it's then her money to spend as she sees fit.1
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