Friday, July 16, 2010

Transferring your Cash ISA

Each year Banks and Building Societies spend millions advertising trying to get you to put your ISA allowance with them.

What about your old ISA money?

They rarely mention your ISAs from previous years and mysteriously fail to mention you can transfer your ISA from your current bankto a new one.

It is worth reviewing rates on your old ISA and comparing them with the current best buys.  A final note: check that the new ISA can receive old ISA money.

Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.

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