New answers tagged isa
1
Copying the question update:
Hargreaves Lansdown support confirmed they do not support such a transfer directly, however Skipton Building Society seem to support transferring a Lifetime ISA to their Cash ISA without affecting the annual ISA limit, which I can then transfer back to my HL Stocks and Shares ISA. Once I have tested this I will confirm in an ...
3
I'm speculating, but I suspect this is intended to ease administration for HMRC and the banks (etc) holding the ISAs.
The main fore-runner of the ISA was the TESSA, which had a very simple requirement: everybody over 18 was entitled to a single TESSA. To open an account, they would supply their National Insurance number, which could easily be checked against ...
7
Either the normal annual allowance, or (the normal annual allowance plus £12,000), depending on if your ISA is 'flexible'. From the gov.uk information page (my emphasis):
If your ISA is ‘flexible’, you can take out cash then put it back in
during the same tax year without reducing your current year’s
allowance. Your provider can tell you if your ISA is ...
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