Transfer Endowment Policy to ISA

Hi, Is it possible to transfer a cash-in value of an Endowment Policy (which was setup to cover a Mortgage and has now matured but not needed for the mortgage) into an ISA without using my annual tax-free ISA allowance? Thanks

Hi,

No, this would be seen as you making a deposit, and if you have already paid in the maximum of £20,000 for the tax year you cannot exceed this.

Thank you.

Hi, Thanks for clarifying.