Cash ISA transfers

A question about : Cash ISA transfers

I understand that you can only subscribe to one cash ISA per year, but I am a little confused about the transfer rules.

I have some money in an ISA, which is mostly old money - ie previous year subscriptions. I would like to split the money and transfer to two different providers. I thought that I could transfer the previous years' subscriptions to one provider and the current year subscriptions to another, as long as I transfer the current year in one go.

However, on all the transfer forms I have seen (eg Yorkshire Bank), the form suggests that I will need to subscribe to the current year just to open the account (and transfer in).

Is there any provider which takes in old money but doesn't expect you to subscribe to the current year? Or perhaps I'm misunderstanding the rules?

Thanks

Best answers:

• Some of the applications have better wording around this than others. It is what you actually do, rather than what you declare you will do in the application that matters. There is not usually a requirement to subscribe new money if the ISA also accepts transfers in. If in doubt, ask the provider.