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Clarification of cash isa transfer please
Hi, I had a cash isa with trading 212 and the total was around £28500. I have transferred £20,000 of this to Moneybox because the rate is better. This is where I’m confused because Moneybox say ok, that’s your allowance for the year used up,but trading212 said I can continue to pay into the remaining account with them. I’ve not had this amount of money before so when I transferred from last provider to T212, I was way under the allowed amount. Can anyone explain in easy terms for me please? Thanks for reading.
Comments
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What do you really mean by "transfer"?
Did you withdraw £20,000 and pay it into Moneybox?
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I asked T212 to move part of the isa to Moneybox as a transfer, I didn’t physically take it out myself.
Mortgage Free! Pension novice and trying to find out more.0
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