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Cash ISA Transfer Rules 2024/5

Answer
Barneybsurfer Barnfield
Posted Tue, 27 Aug 2024 12:41:27 GMT by Barneybsurfer Barnfield
My cash ISA from tax year 2023/24 matured post 6th April 2024. I provider transferred the total balance to a new cash ISA with the same provider without any break Am I right that this provider transfer does not count against my 2024/25 ISA £20K allowance and I am therefore at liberty to open another cash ISA of the same type with any other Cash ISA provider to a value of £20K, or spread my 2024/25 ISA £20K allowance across other ISA types providing the total value does not exceed £20K in 2024/25? Thank you. Post a reply
Answer
HMRC Admin 25 Response
Posted Wed, 04 Sep 2024 07:33:42 GMT by HMRC Admin 25 Response
Hi Barneybsurfer Barnfield,
You are correct.
You may also find additional information here:
https://www.gov.uk/individual-savings-accounts.
Thank you. 

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