Icesave ISA transfer form question.

ziggyzaggy

Hello,

I was going to transfer money from my current ISA (which I have filled up with this years allowance) to an icesave one and am not sure which date to fill in as "Date of transfer" on the transfer form.

Can this be any date before the new tax year or do I have to put on the date of the new tax year?


Does this mean its possible to transfer between multiple banks in a given tax year? From the ISA guide page on this site I was under the impression that you could only have your money from previous years in an ISA with one provider and it had to be for the full year?

Thanks for any help.

Paul_Herring

Previous years' ISA's can be split into as many accounts as you like, and can be moved whenever you like.

It is the current year's contributions which must remain together (until April 6th when they become 'previous years' ISA.) You may also move the current year's contributions as many times as you like; the only restriction being that any more contributions for 'this' year must be made to the account that currently holds this year's contributions.

ziggyzaggy

Thanks! Thats great, it all makes sense now!

I've been trying to get my head round whats going on with all the rules and I think I finally get it. :rotfl: :rotfl: :rotfl:

Cheers