Arkle
Joined: 4/3/2024
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On maturity, can I split and transfer a single existing cash ISA into more than one cash ISA?
I have reviewed the advice on the HMRC website and cannot find any guidance on this following matter. Currently, I have a single existing cash ISA, the value of which is above the Financial Services Compensation Scheme limit of £85,000. On maturity, can I split and transfer the existing cash ISA to two (or more?) ISAs so that the total in each cash iSA is below the Financial Services Compensation Scheme limit of £85,000?