Can I transfer an ISA from a previous tax year into my Cash ISA?

Yes! Transferring in an ISA held elsewhere into your Cash ISA or Open Access Cash ISA does not impact your annual £20,000 allowance.

You can request a transfer of an ISA from a previous tax year (or one you have paid into this tax year) in the app under Settings > Transfer in an existing ISA. 

Most transfers will typically complete within three weeks, with Cash ISA transfers usually completing within 15 days. You can track the progress of your transfer in the app in Wealth > Cash ISA > Activity, and we’ll notify you by email once your transfer has completed. Once we’ve received the required information and the payment from your previous provider, we will apply the funds to your Moneybox account within three working days of completing the transfer – for cash accounts, this is when you’ll begin earning interest on your transferred funds.

Please note that if your current ISA has not yet matured, you’ll need to wait until your maturation date has passed before requesting your transfer.