Nationwide fixed rate isa matures on the 6th

cherry76

I was given the option to reinvest to another fixed rate between 1 to 5 yrs. Got a bit stuck on the form when I have to put tax year 2026 -2027. Was told it is not a new subscription and should be able to contribute to a new ISA. Is that right?
Thanks

eskbanker

https://forums.moneysavingexpert.com/discussion/6662548/nationwide-fixed-rate-isa-matures-on-the-6th

Perhaps worth sharing a screenshot or exact wording of the questions you're being asked, but reinvestment should be handled as an internal transfer rather than a subscription of new money, i.e. you should be able to do it without using any of your annual contribution allowance.

cherry76

A bit confused am not subscribing but reinvested. So not sure which year to put 2026 or 2027. NW is paying a pittance in maturity

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81948673#Comment_81948673

I don't think it'll actually matter which year you specify on that form - it does confirm further up that transfers don't affect your annual allowance, and you're not actually committing to making any subscriptions of new money as such. However, if you've already used your full 2025/26 allowance with Nationwide, there's a chance that it could fall foul of their validation checks so it's probably safer to specify 2026/27, and if it's a paper form then they won't be receiving it until after the start of 2026/27 anyway!