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  • FIRST POST
    • Jko91
    • By Jko91 3rd Dec 17, 7:29 PM
    • 2Posts
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    Jko91
    Help-to-buy and cash ISAs
    • #1
    • 3rd Dec 17, 7:29 PM
    Help-to-buy and cash ISAs 3rd Dec 17 at 7:29 PM
    Let's say I have 20k in a fixed cash ISA, and 20k in a defined access cash ISA (of which 5k was paid in this year, and so is "new savings").

    If I want to open and start contributing into a help-to-buy ISA, what do I have to do with the money in the two cash ISAs?

    Do I have to take everything out of both accounts and put into non cash ISA accounts, or just the 5k saved this year (in the defined access cash ISA)?

    If the second option, can I then roll up the 35k of old money (20+15) into a single cash ISA next year?
Page 1
    • Neil Jones
    • By Neil Jones 3rd Dec 17, 8:56 PM
    • 1,285 Posts
    • 768 Thanks
    Neil Jones
    • #2
    • 3rd Dec 17, 8:56 PM
    • #2
    • 3rd Dec 17, 8:56 PM
    No. Just open a H2B Isa and use an ISA transfer form to do a part-transfer for the initial 1200 from the account you paid the 5k into.

    You can only contribute to one cash ISA per year. A H2B ISA is classed as a Cash ISA but you can have as many previous tax year ISAs as you "want", that's just an ISA you paid into in previous tax years.
    • AirlieBird
    • By AirlieBird 3rd Dec 17, 9:17 PM
    • 1,020 Posts
    • 833 Thanks
    AirlieBird
    • #3
    • 3rd Dec 17, 9:17 PM
    • #3
    • 3rd Dec 17, 9:17 PM
    No. Just open a H2B Isa and use an ISA transfer form to do a part-transfer for the initial 1200 from the account you paid the 5k into.
    Originally posted by Neil Jones
    The OP can't do that. The 5k has to be transferred in full and you can't transfer 5k into a HTB ISA. The OP could transfer to a provider that offers portfolio/split cash ISAs, where the allowance can be spread over both a standard Cash ISA and HTB ISA.
    • Jko91
    • By Jko91 3rd Dec 17, 9:31 PM
    • 2 Posts
    • 0 Thanks
    Jko91
    • #4
    • 3rd Dec 17, 9:31 PM
    • #4
    • 3rd Dec 17, 9:31 PM
    The OP can't do that. The 5k has to be transferred in full and you can't transfer 5k into a HTB ISA. The OP could transfer to a provider that offers portfolio/split cash ISAs, where the allowance can be spread over both a standard Cash ISA and HTB ISA.
    Originally posted by AirlieBird
    Could I withdraw the 5k, transferring 3.8k to a regular savings account and 1.2k to a HTB ISA?
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