Can I Split an ISA?

YetAnotherDave
YetAnotherDave Posts: 1 Newbie
in ISAs & tax-free savings
I have a cash ISA now at a very low rate so want to transfer it. Ideally I want to put some in a new easy access & the rest in a fixed term locked away for longer. So can I split it to transfer to 2 different new ISAs or is it now forever locked into one sum until I withdraw it/some out of an ISA account & lose the ISA status for that amount (and start again using this years allowance to reinvest)?

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Yes, you can.

    They always ask you if you want to transfer the full amount (often unknown) or only part of it.
  • badger09
    badger09 Posts: 11,205 Forumite
    First Post First Anniversary Name Dropper
    But you must use the new ISA provider's transfer process. Don't try to move it yourself.
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