ISA Maturity Question

dajohnston10

Hi All . I wonder if you could help me to clarify here . I have a 1 year cash ISA that was taken out on 26/01/25 and is due to mature 26/01/2026 . I had put 20K in it in financial 24/25 so the total will be approx 20.85k on 26/01/2026 . Also for this current year I had bought another ISA for 20K which is due to mature in April 26 i.e next Tax year ... My question is can i move the ISA due to mature on 26/01/26 to another ISA  during this financial year ??? Thanks

Ayr_Rage

Yes.

"Old" funds from previous tax years plus interest can be move around on maturity as you wish.

You must however transfer the maturing funds to keep them in the ISA wrapper.

If you remove them they cannot go back into an ISA this tax year as you've used your allowance.

XzavierWalnut

You can arrange for the transfer now, you do not have to wait until the 26th.
Just make sure that you tick the box that states wait for transfer until maturity, so that you get the interest,

Ocelot

Previous years' ISA money is not relevant to the annual £20,000 limit, only new money is.

Albermarle

dajohnston10 said:

Hi All . I wonder if you could help me to clarify here . I have a 1 year cash ISA that was taken out on 26/01/25 and is due to mature 26/01/2026 . I had put 20K in it in financial 24/25 so the total will be approx 20.85k on 26/01/2026 . Also for this current year I had bought another ISA for 20K which is due to mature in April 26 i.e next Tax year ... My question is can i move the ISA due to mature on 26/01/26 to another ISA  during this financial year ??? Thanks

It would be a good idea to spend some time looking through this forum. Lots of questions and answers about ISA transfers and ISA's generally.