New Virgin Flexi 3 Isa

Homeboy_1

Hi, I have got a Flexi 3 Virgin account from last year (24/25). I have not contributed to an Isa this year yet. Does anyone know if I can pay into this account for the new tax year, or would I have to open a completely new Isa. I would like to be able to keep last years and this years money in one account. Have tried using Virgins auto help, but it's about as helpful as a chocolate fireguard. Thanks in advance for any help

35har1old

Homeboy_1 said:

Hi, I have got a Flexi 3 Virgin account from last year (24/25). I have not contributed to an Isa this year yet. Does anyone know if I can pay into this account for the new tax year, or would I have to open a completely new Isa. I would like to be able to keep last years and this years money in one account. Have tried using Virgins auto help, but it's about as helpful as a chocolate fireguard. Thanks in advance for any help

Did you try a token payment?
May have to submit reactivation form

Homeboy_1

No, not tried that. Was not sure if I needed to open a new Isa, and then transfer last years Isa into it, or pay into the one I opened last year

etienneg

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

35har1old

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

What is the reduction on the Ex Fl 2 currently paying 4.75%

35har1old

Homeboy_1 said:

No, not tried that. Was not sure if I needed to open a new Isa, and then transfer last years Isa into it, or pay into the one I opened last year

Asfar as I can see Virgin at the moment are offering only 2 ISAs
1 year fix 4.1%
Defined ex 4.06%

badger09

35har1old said:

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

What is the reduction on the Ex Fl 2 currently paying 4.75%

The rate on issue 2 is the same as issue 3, which has been 4.51% since 24 Feb. Drops to 4.11% 19 May. 

badger09

35har1old said:

Homeboy_1 said:

No, not tried that. Was not sure if I needed to open a new Isa, and then transfer last years Isa into it, or pay into the one I opened last year

Asfar as I can see Virgin at the moment are offering only 2 ISAs
1 year fix 4.1%
Defined ex 4.06%

But some of us still have fully functioning issues 2 & or 3. 

But I agree OP couldn’t open a New issue 3. Fortunately, they don’t need to. 

35har1old

badger09 said:

35har1old said:

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

etienneg said:

You are fine to put this year's subscription (up to £20,000) into your existing account with the money from last year. There should be no need for a reactivation form as you have not missed subscribing for a complete tax year. If there is any kind of problem, Virgin will contact you to say what it is and what needs to be done, but I don't expect that to happen.

Are you aware that the interest rate on Virgin Exclusive Flexi accounts will be reduced from 4.51%pa to 4.11%pa on 19th May 2025?

What is the reduction on the Ex Fl 2 currently paying 4.75%

The rate on issue 2 is the same as issue 3, which has been 4.51% since 24 Feb. Drops to 4.11% 19 May. 

I thought it was dropping to the current available rate

kuepper

I had to do a reactivation form to pay into my flexi isa2 this tax year

badger09

kuepper said:

I had to do a reactivation form to pay into my flexi isa2 this tax year

Me too. A bit of a faff but credit to VM for speedy action.  
I uploaded a photo of the completed form @ 15.45 yesterday and by 17.45 today they had xferred funds from my current account as requested.