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Cash ISA transfer

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Hey all, need a little help with this. If I transferred my cash isa (£3000) from EGG to Halifax and it completed on 20th April 09. Is my allowance for this tax year now £600? Or does transfers not … Read More
andrewm3 Avatar
8y, 1w agoPosted 8 years, 1 week ago
Hey all, need a little help with this.

If I transferred my cash isa (£3000) from EGG to Halifax and it completed on 20th April 09. Is my allowance for this tax year now £600? Or does transfers not count towards the yearly tax allowance?
andrewm3 Avatar
8y, 1w agoPosted 8 years, 1 week ago
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(6) Jump to unreadPost a comment
Comments/page:
#1
it shoudnt count, because it was a transfer not a deposit, but halifax should of confirmed this with you
#2
Thanks for that quick reply.

Halifax hasn't been the easiest to deal with in terms of the transfer though. Got sent some weird letters firstly saying the transfer has been accepted, then another saying that they haven't received my application form etc. I think their online system was a little shoddy too at one point where it was showing £0 allowance left, but now it's showing the full allowance.

I'll give them a ring on Monday just to make sure though.
#3
yea thats the best thing to do, because im pretty sure you can transfer isas up to any amount even if its an amount higher than a year allowance so im guessing your not affected. :)
#4
I think you have used your allowance up, this happend to me a couple of years ago.
banned#5
wendyak;5487724
I think you have used your allowance up, this happend to me a couple of years ago.

wrong.

an ISA transfer does not use up any of the years entitlement
#6
CSIMAN is correct.
I Know as i am an IFA.

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