Transfer Cash ISAs Discussion Area

JimLad

MarkyMarkD wrote: »

Chase Abbey yourself - d'oh!

I have tried that and they have no record of halifax contacting them!

Halifax say they have sent it but abbey are denying they have received anything.


ARRGGG

KTF

Phone Abbey up and explain that Halifax have no record of them receiving the cheque. They should issue it again and cancel the original.

JimLad

KTF wrote: »

Phone Abbey up and explain that Halifax have no record of them receiving the cheque. They should issue it again and cancel the original.

I mean the request for a transfer. Halifax have sent abbey a request to send them the money but abbey are saying they havent received it.

KTF

I had this problem moving from Egg to Lloyds last year. After much delay, Egg sent the request again and it went through in days. Seems the first one got "lost in the post" or similar :rolleyes:.

serendipitytoo

Hi.

I have ISA account with one provider and have already put some money into the account this year (2009/2010). I now want to move to another provider offering better interest rates.

Can I open a new ISA with a new provider, transfer this year's deposits from my existing provider, and then close the account with my existing provider? Or is this not allowed because I would have opened more than one ISA this year?

Many thanks.

Lokolo

serendipitytoo wrote: »

Hi.

I have ISA account with one provider and have already put some money into the account this year (2009/2010). I now want to move to another provider offering better interest rates.

Can I open a new ISA with a new provider, transfer this year's deposits from my existing provider, and then close the account with my existing provider? Or is this not allowed because I would have opened more than one ISA this year?

Many thanks.

When you transfer basically the existing provider will close the ISA down, and transfer everything over to the n ew provider, so technically you don't have to close it yourself, as the existing provider will do this for you. Send you a closing statement etc.

Make sure the new provider does allow transfers though

MarkyMarkD

JimLad wrote: »

I have tried that and they have no record of halifax contacting them!

Halifax say they have sent it but abbey are denying they have received anything.


ARRGGG

Sorry for the initial unhelpful response!

Get Halifax to fax/e-mail to you a scanned copy of what they have sent to Abbey, and then take it to your Abbey branch. Demand some action!

Conan

Hi

I've got a little doubt about transferring my ISA...
applying for the new ISA (necessary before actually applying for the transfer) I am asked, among others, this question:

Do you declare that you have not subscribed, and will not subscribe, to another cash ISA in the same tax year that you subscribe to this cash ISA?

I should answer NO, having recently added something to my last year's ISA and therefore having de-facto subscribed an ISA for this year.

But by this I'd be prevented from subscribing the new ISA and therefore from making the transfer.
On the other side, as far as I know (but I'm a newbie), I should be just allowed to transfer that ISA!

Should I just answer YES, assuming that that question is somehow a misleading way to ask something else, or would I be, by this, claiming something false and therefore be liable of fraud?

Thanks for any clarification!

Mikeyorks

Conan wrote: »

I should answer NO, having recently added something to my last year's ISA and therefore having de-facto subscribed an ISA for this year.

Is the 'last year's ISA' the one you're transferring? If it is ..... you answer 'Yes'.

As the ISA ... once transferred ... is the same ISA you've previously subscribed to. It's just moving to a different provider. But you shouldn't add any funds at the new provider until the transfer is complete. If there is an urgency to add more funds ..... do it with the old provider prior the transfer.

If the one you added funds to (in this tax year?) isn't the one you're transferring? Then you can still transfer it ..... but you can't otherwise 'subscribe' to it this year.

AirlieBird

Conan wrote: »

Hi

I've got a little doubt about transferring my ISA...
applying for the new ISA (necessary before actually applying for the transfer) I am asked, among others, this question:

Do you declare that you have not subscribed, and will not subscribe, to another cash ISA in the same tax year that you subscribe to this cash ISA?

I should answer NO, having recently added something to my last year's ISA and therefore having de-facto subscribed an ISA for this year. The ISA Transfer application form should state which statements to cross out if you are not subscribing to this ISA.

But by this I'd be prevented from subscribing the new ISA and therefore from making the transfer.

When transferring an ISA and having no intention to make subscriptions to it during the current tax year you should cross that line out.

The ISA Transfer Application form should state which statements to cross out if you are not going to subscribe to this ISA.