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Isa Confusion

HI can anyone help clear my confusion up, i have an ISA with barclays but i want to transfer it to another one for the start of the new year. however if i do this will i be allowed to have another one? (as i wont be putting anymore in the old one but just moving it)
many thanks if you can give advice
:j

Comments

  • dolby21
    dolby21 Posts: 97 Forumite
    Hi if you search for ISA on the forum there is tonnes of information to help. This is a really popular question and it would be best to have a full read through there.
  • jem16
    jem16 Posts: 19,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GLM2B wrote: »
    HI can anyone help clear my confusion up, i have an ISA with barclays but i want to transfer it to another one for the start of the new year. however if i do this will i be allowed to have another one? (as i wont be putting anymore in the old one but just moving it)
    many thanks if you can give advice
    :j

    Yes you can. A transfer doesn't count as subscribing to a new ISA.
  • GLM2B
    GLM2B Posts: 3 Newbie
    THANKS Jem16, thats great will apply for a new one now then
    happy easter
    :beer:
  • jem16
    jem16 Posts: 19,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GLM2B wrote: »
    THANKS Jem16, thats great will apply for a new one now then
    happy easter
    :beer:

    Just make sure the provider will accept transfers - not all do. Also make sure not to put in any new money to open it.
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