FAQ's - ISAs

Yes – we can accept cash ISA transfers in and out of Saffron Building Society.

To transfer money from a Cash ISA with another bank or building society. You'll need to complete and return an ISA Transfer Authority form via email, post or in branch, within 15 days of opening your account.

An ISA transfer is when you move the savings you hold in your ISA to another provider. You are unable to do this yourself as the savings would lose their tax-free status. You would need to contact the provider who you want to move your savings to first and they will confirm their process.

You can transfer money from a Cash ISA with another bank or building society. You'll need to complete and return an ISA Transfer Authority form via email, post or in branch, within 15 days of opening your account.

From time to time it might be necessary for us to contact you to confirm the details you've provided on the Transfer Form. 

We aim to have your ISA transfer completed within 15 working days of receiving your ISA Transfer request, unless you have requested to wait until the end of a maturity. 

We do actively chase for your funds during this period and we will keep you up to date if you have online access or if we hold an email address for you. 

From time to time it might be necessary for us to contact you to confirm the details you've provided on the Transfer Form.

Please note, incomplete application or ISA transfer forms will delay this transfer process.

No – We will always backdate your ISA deposit with us to the date of closure noted by your previous provider.

No, all ISA limits will remain at £20,000 for the 25/26 tax year and the 26/27 tax year. From April 2027 the ISA limit will change for people aged 18-64 – the details on how this will happen has not been published by the government yet. You are responsible for managing your ISA limit across multiple providers. 

We offer a range of Cash ISAs at the Society. Please see the following link for our full range. Cash ISAs | Saffron Building Society

You are permitted to open one ISA per tax year with Saffron Building Society using your current years ISA allowance. You are permitted to open multiple cash ISAs per year elsewhere with other financial institutions as per the ISA rules. You can also open more than one ISA with Saffron Building Society, if you are transferring existing ISA funds.

The Tax year runs from the 6 April to the 5 April each year.

The ISA limit remains unchanged for this tax year meaning, you can deposit up to £20,000 into one ISA with Saffron Building Society. You are responsible for managing your ISA limit across multiple providers. 

To combine multiple ISAs within Saffron Building Society please contact us by phone, in branch or by secure message. Please see the following link for our contact details. General enquiries | Saffron Building Society Please do not transfer the funds yourself if you have online access.

Saffron Building Society offer ISA accounts to permanent UK residents aged 18 and over.

You can apply for an ISA with Saffron Building Society either by post, in branch or online. We will not be able to open the ISA account if you have not provided us with your National Insurance Number.

No, by providing us with maturity instructions and rolling over your ISA into another one of our ISA products it will not impact your current years ISA allowance.

Saffron Building Society do not offer flexible ISAs – Any money you withdraw and then put back in the same tax year still counts towards your annual ISA allowance.

If you withdraw the funds yourself then you will lose the tax-free status on the funds and if you were to pay the funds back into another ISA they would then count towards that current years ISA allowance.