We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Transferring ISA twice in a year
Boris2.5
Posts: 2 Newbie
I am confused by what I have read about this. Is it possible to put money into an ISA, eg Barclays, today, and then, if Barclays lower their rate in 6 months, move it again within this tax year to a more profitable provider? I had thought this was not allowed - once you have activated an ISA in any given tax year, you could not transfer to another. Am I correct?
0
Comments
-
No you are not correct.0
-
Yes, you could, theoretically, transfer your Cash ISA every month, if you wished (and if ISA managers' transfer times permitted).Is it possible to put money into an ISA, eg Barclays, today, and then, if Barclays lower their rate in 6 months, move it again within this tax year to a more profitable provider?0 -
Thanks to you both0
-
Indeed, so long as all your current tax year subscriptions are in the same place at the same time you can do whatever you want :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards