Banks seem to be all over the place with their ISA interest rates, and mine hasn’t been great for a while. Finally decided to look into transferring, but I’ve read that doing it wrong can cause a loss of tax benefits. Would rather not mess that up! What’s the right process for transferring an ISA without penalties or issues? Should I be looking for any specific features in a new provider before moving my money? Any personal experiences with this?
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ISA transfers have always seemed a bit complicated, so it’s good to see all this info laid out clearly. Been thinking about moving mine for a while, but I wasn’t sure what the safest process was. Sounds like doing a direct transfer is the key. Definitely going to explore different options to find a better rate now.