09 Mar 2016

A question about : cashISA transfer mine to my wifes?

Hi,

I wonder if someone can lend their expertise?

Is it possible to transfer cashISA funds that are in my name to a new cashISA to be opened for my wife (at a different provider)? I understand that it's possible to change providers and transfer the entire funds so long as the account is in my name, but what if i want to do otherwise?

If the question sounds daft, pls do pardon my ignorance.

Pls hlp.

-Theo

Best answers:

  • No. ISAs may not be transferred - just the cash inside them. You can close your ISA (subject to account conditions) and open an ISA for your wife - but only if she has not done so this year already.
    Make sense?
  • Theo.
    Answer is NO. :-/
    Reason is: Because that's the rules!
    You can transfer contents of a cash isa in your name to another cash ISA in your name (as long as you don't close it down first) but NOT to an ISA in someone else's name.
  • Milarky & laminki.......
    Thanks for to you both for the advice......
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