Simplifying multiple ISAs.

Happy_Minion

I currently have 2 ISAs and need advice on making them into one.

The first, from 2024/2025 is with Virgin Money and turned into an Exclusive Flexi ISA 3 when the one year fix ended.

The second, for 2025/2026, is a Nationwide FRCISA 1 year which ends on the 7th April 2026.

My question is do I have to wait until the Nationwide one ends next year before transferring in the Virgin one or can I do the transfer now?

flaneurs_lobster

The Nationwide Fixed Rate Cash ISA (like most FR term products) can only be funded at the beginning of the term.

Happy_Minion

flaneurs_lobster said:

The Nationwide Fixed Rate Cash ISA (like most FR term products) can only be funded at the beginning of the term.

I take it from that then that when I open my next ISA for 2026/2027 I can add new funds and transfer the Virgin and Nationwide ISAs into it all as soon as it is opened?

flaneurs_lobster

Happy_Minion said:

flaneurs_lobster said:

The Nationwide Fixed Rate Cash ISA (like most FR term products) can only be funded at the beginning of the term.

I take it from that then that when I open my next ISA for 2026/2027 I can add new funds and transfer the Virgin and Nationwide ISAs into it all as soon as it is opened?

That's the way that most ISAs work although each has its own conditions (eg some only accept new money and not transfers), you'd have to check the individual terms.

Albermarle

The second, for 2025/2026, is a Nationwide FRCISA 1 year which ends on the 7th April 2026.

Did you add the full £20K to this?
Even if you did you could still open a new ISA this tax year and transfer the Virgin one into it.
Whether you could then transfer the N/wide one into it , would depend on what sort of account it was ( easy access , fixed term etc)