ISA transfer rules confusion
ISA transfer rules confusion
Author
Discussion

MajorMantra

Original Poster:

1,714 posts

143 months

Thursday 11th April 2024
quotequote all
Is it not correct to say you can transfer an old ISA to a new provider as many times as you want, entirely independently of any new ISAs you might fund in the new tax year?

I believed so, but judging by this thread, HMRC either disagree or don't know their own rules:

https://community.hmrc.gov.uk/customerforums/pt/63...

I ask because I have opened a new cash ISA for 24/25 that doesn't allow transfers in. However I would like to move my 23/24 ISA to a provider with a better rate if possible.


bitchstewie

68,382 posts

241 months

Thursday 11th April 2024
quotequote all
Yeah you can.

MajorMantra

Original Poster:

1,714 posts

143 months

Friday 12th April 2024
quotequote all
Ha, well that's that then. Odd that it's so hard to get a straight answer from official sources. And none of the banks seem to include this scenario on their info pages.

Sheepshanks

41,328 posts

150 months

Friday 12th April 2024
quotequote all
I've seen incorrect stuff on that forum before, and I don't look at it much.

steveo3002

11,240 posts

205 months

Friday 12th April 2024
quotequote all
you can but not all providers allow transfers in or pay a lower rate on it