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Can I transfer a Toisa into an existing ISA at a different BS.

lobbage
by lobbage 03 November 2009  |  Comments 3 comments  |  Love Love  0 loves

Hi,

I have a Toisa which is in one financial institution. I used to have my ISA in the same place but transferred it out to Chelsea BS at the beginning of this financial year. This Toisa has been closed off to any deposits since the TESSAs were closed down and turned into Toisa, however I still gain tax free interest on the money in there.I wondered whether I can take this over to add to my current ISA amount in Chelsea BS, just so it is all consolidated in one place?

Much appreciated for any suggestions you may have.

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Comments (3)

  • manzanilla
    Love rating 410
    manzanilla posted

    yes you can, provided that the ISA accepts transfer ins from other ISAs - some don't, but IIRC Chesea does. The fact that you have a TOISA is irrelevant - from the point of view of transfers, it is just another ISA.

    manzanilla

    Posted on 03 November 2009 | Love Love  0 loves Report
  • lobbage
    Love rating 2
    lobbage posted

    Thanks Manzilla.

    Posted on 03 November 2009 | Love Love  0 loves Report
  • MikeGG1
    Love rating 804
    MikeGG1 posted

    There is no longer any classification of 'TOISA', which has disappeared along with 'Mini ISA' and 'Maxi ISA'.

    The only labels now are 'Cash ISA' and 'Stocks & Shares ISA.

    Mike

    Posted on 03 November 2009 | Love Love  0 loves Report

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