Transfer Cash ISAs Discussion Area

MisterM2402

I'm doing the same as madprof (transferring from Santander to Halifax). However, on the ISA transfer form, it asks for the existing ISA provider's name and address - which address/post code do I use? I've never been to any of their branches (handled everything online). Do I use the address/post code of the branch closest to me, or the one for the Head Offices? Just a bit confused.
Thanks

purplestar133

Like many I am transferring from Santander to Halifax. I don't know what address to use for Santander on the transfer form though. I've found this one:

When you have completed and signed this form, please send
it to External Cash ISA Transfer Team, Building 2, Carlton Park,

Leicester LE19 OAL

This is for people that are transferring in to Santander though, so I'm not sure it applies.

I've also found this one in the terms and conditions:

Notices given by you
Any notice under these terms and conditions must be given
by you to:
Santander ISA Managers Limited
ISA Customer Services
PO Box 1112
9 Nelson Street
Bradford BD1 9NR

This address will apply both to us and to Associate Companies.

Which do you think would be best to use, or does anyone have another address?

I would like it to go to the right place straight away to avoid further delay in the transfer process!

Many thanks for any help.

MarkyMarkD

It makes no difference what address you put on there. Just put Santander. Halifax know very well where to send them.

purplestar133

Many thanks!

joerugby

Nationwide 3.75% fixed for 18 months for transfers over £25k looks tidy!

Open to all

CashCow_3

Hello

I have a direct reward isa with the Halifax

At the end of the year I recall it reverts to the standard (rubbish) rate.

As soon as the year is up I intend to move it.

Can I arrange this now or do I have to wait until the year is up and I have already flipped on to the old rate.

I want to complete the year as I want to split my ISA and understand I can do this without problem so long as it's a 'previous year' (which it will be from 5th April).

I am just confused whether I need to have this al in place before the 5th April or can do it anytime?

thanks for any advice

LeafyBarnet

joerugby wrote: »

Nationwide 3.75% fixed for 18 months for transfers over £25k looks tidy!

"You can make just one lump sum payment by paying in cash or a cheque at any Nationwide branch. Once open, you will not be able to pay in additional funds."

"Transfers in from existing cash ISAs with another provider are accepted into this product."

Hmmm, so you can transfer AND make a payment in?

sybilfawlty_2

Hello

I have just received some money from an endowment and, before waiting for a second one later this year and deciding -pay off mortgage/ buy another small property to rent out I thought both my husband and I could make the most of our money in an ISA allowance.

My partner is reluctant to do this because of tax implications for our children if we die early or take it out for another venture.

Your article says never ever withdraw from an ISA so this is worrying me.Surely our ISA tax allowance cant be reclaimed by the taxman in subsequent years so if we invest for over a year we will gain max advantage.
:think:

murphydavid

sybilfawlty wrote: »

Hello

Surely our ISA tax allowance cant be reclaimed by the taxman in subsequent years so if we invest for over a year we will gain max advantage.
:think:

Correct except that you gain an advantage if you invest it for less than a year as well and you get a further allowance every new tax year.

You don't get tax allowance on an ISA you just get paid the stated interest without any tax taken off and you don't need to declare the interest in your tax return so it never gets taxed. ie the interest is tax free and never requires to be declared as income by anyone any time. Once you have it its yours. (Obviously it becomes capital, part of your estate and is subjected to inheritance and gift tax as is everything you own.)
There is an annual allowance in that you are only allowed to pay in a limited amount each year. This builds up the total tax free savings you have each year. The never ever withdraw is there only to those who want to maximise their tax free interest. If you want to move it (not spend it) then transfer it don't withdraw it and re-invest it. Because your allowance is the sum of your deposit's and not the amount in your account.

boobbby

sybilfawlty wrote: »

Hello

I have just received some money from an endowment and, before waiting for a second one later this year and deciding -pay off mortgage/ buy another small property to rent out I thought both my husband and I could make the most of our money in an ISA allowance.

My partner is reluctant to do this because of tax implications for our children if we die early or take it out for another venture.

Your article says never ever withdraw from an ISA so this is worrying me.Surely our ISA tax allowance cant be reclaimed by the taxman in subsequent years so if we invest for over a year we will gain max advantage.
:think:

Interest is paid on an easy access ISA which is tax free on a daily basis. You can take out the money at any time BUT cant replace it in the same or another ISA in the same tax year once you have reached your ISA allowance. You dont even need to declare money in an ISA to the taxman