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Andy Williams is our Online Savings Expert at CreditChoices.co.uk and can assist with all monetary matters no matter how big or small, from piggy banks to re-mortgaging and beyond.
Our expert says...
Hi Geoff…..
As you’re probably aware, you can invest up to £3000 cash tax free or up to £7000 in shares with an ISA. You’ve already invested your maximum cash allowance and are therefore not permitted to invest any more this year.
Make sure you choose to transfer your balance when you apply rather than open a new account.
You’re able to transfer Mini Cash ISAs held with other providers into the Icesave Easy Access ISA.
Transfers in from other providers do not count towards your annual subscription limit. There is no restriction to the number of providers you can transfer-in from.
It will typically take your current provider at least 30 days to complete all the checks that are required, however, during peak times it can take longer. Once your current provider has completed all these checks they will post Icesave a cheque for the Mini Cash ISA balance that you have selected to transfer to the Icesave Easy Access ISA.
