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08 April 2010

Barclays told me the best way to benefit from their 3% ISA rate was to CASH IN my prevoius years ISA and transfer to them.

Surely this has to be the wrong information but the woman from Barclays told me this is what they had been told to advise. I pointed out I would lose all my tax benefits. She was rather dismissive of this point and said this 3% rate was only available for new ISAs and not transfers in so this was the best course of action. Surely this type of information should be discouraged.

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