ISAS 2013/14

[BE57 TOY]

Hi all

Normally I am able to put around £5.5k into a new ISA every year.

This year, Barclays are saying I can put £30k into an ISA.

I'm a bit confused as I thought the limit this year was £5.6k or around £12k in an investment ISA (or indeed a split between normal cash and an investment ISA).

Does anyone know what's going on with the £30k ISA? It's promising 3.10% interested so not a bad return but thinking its too good to be true?

[OldSkoolRS]

Maybe it includes transfers from existing ISAs?

[Viper]

this years limit has hardly changed over previous years

its just saying you can move upto £30K from your ISA account that has built up over a number years, into their account.

3.1% probably means your in for 5 years

Edited by Viper on Thursday 4th April 21:32

[BE57 TOY]

Ah ok, thanks both. So it's about consolidating lots of smaller ISAS I've built up over the years into one big one?

Wish they made that clear. Makes sense!