As it’s possible to have a number of different types of ISAs, there is a risk that you might exceed your ISA allowance during a single tax year.

At the end of the tax year, records for individuals will be checked and HMRC will know if you have exceeded your annual ISA allowance for any given tax year.

Where HMRC identifies a potential breach of allowance, we will work with them and notify you of any remedial action.

Should we need to repair your ISA, we will not charge a fee.

Please note: your current ISA provider may charge you to transfer out.