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cashISA transfer mine to my wifes?
Legacy_user
Posts: 0 Newbie
Hi,
I wonder if someone can lend their expertise?
Is it possible to transfer cashISA funds that are in my name to a new cashISA to be opened for my wife (at a different provider)? I understand that it's possible to change providers and transfer the entire funds so long as the account is in my name, but what if i want to do otherwise?
If the question sounds daft, pls do pardon my ignorance.
Pls hlp.
-Theo
I wonder if someone can lend their expertise?
Is it possible to transfer cashISA funds that are in my name to a new cashISA to be opened for my wife (at a different provider)? I understand that it's possible to change providers and transfer the entire funds so long as the account is in my name, but what if i want to do otherwise?
If the question sounds daft, pls do pardon my ignorance.
Pls hlp.
-Theo
0
Comments
-
No. ISAs may not be transferred - just the cash inside them. You can close your ISA (subject to account conditions) and open an ISA for your wife - but only if she has not done so this year already.
Make sense?.....under construction.... COVID is a [discontinued] scam0 -
Theo.
Answer is NO. :-/
Reason is: Because that's the rules!
You can transfer contents of a cash isa in your name to another cash ISA in your name (as long as you don't close it down first) but NOT to an ISA in someone else's name.0 -
Milarky & laminki.......
Thanks for to you both for the advice......This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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