ISA FAQs

With an Individual Savings Account (ISA), you don’t pay tax on the interest you earn.

You can only open a Cash ISA with YBS, but there are four types of ISAs to choose from: 
 
  • Cash ISAs 
  • Stocks and Shares ISAs
  • Innovative Finance ISAs
  • Lifetime ISAs
There's no limit on the number of Cash ISAs you can have, but using your annual ISA allowance, you can only pay into one Cash ISA each tax year.  
Each tax year you’re given an annual ISA allowance – this is the maximum amount you’re allowed to pay in. For the
2023/24
tax year it's
£20,000
. You can split your allowance across the different types of ISAs, but you can only pay into one account of each type.

 

All of our variable rate Cash ISAs are flexible. This means that you can withdraw money from your ISA account and pay it back in later, without affecting your annual ISA allowance – as long as it’s done in the same tax year.
 
There are a few reasons why you may not be able to pay into your ISA.

1. You've exceeded your ISA allowance for the current tax year.

2. You've paid into more than one ISA in the current tax year.

3. You didn't pay into your ISA during the previous tax year.
If this is the case, you will need to complete an ISA declaration form before you can add money to your account.

If you manage your account online, you can log in to your account to do this.

If you don't manage your account online, please complete the form on paper and send it in. You can find the form here: ISA Declaration Form.

If you have a passbook, send this in with your paper form.

You can take your form into your nearest branch, or post to:

ISA Transfer Team
Customer Service Centre
Yorkshire Building Society
Yorkshire House
Yorkshire Drive
Bradford, BD5 8LJ

If you don't have access to a printer, please get in touch and we'll send a form to you.
 
If you didn't pay into your ISA during the previous tax year, you’ll need to complete an ISA declaration form before you add money to your account.

This is a requirement of HM Revenue and Customs. We can't add money to your account until we’ve received your form.

If you manage your account online, you can log in to your account to do this.

If you don't manage your account online, please complete the form on paper and send it in. You can find the form here: ISA Declaration Form.

If you have a passbook, send this in with your paper form.

You can take your form into your nearest branch, or post to:

ISA Transfer Team
Customer Service Centre
Yorkshire Building Society
Yorkshire House
Yorkshire Drive
Bradford, BD5 8LJ

If you don't have access to a printer, please get in touch and we'll send a form to you.
 
If you manage your account online, you can login to your account to request an ISA transfer. 
 
If you don’t manage your account online, please download a Cash ISA transfer form. If you would like to transfer more than one ISA, please complete a separate form for each one.

You can send it (with your passbook if you have one) to the address below or take it into your nearest branch or agency.
 
ISA Transfer Team
Savings
Yorkshire Building Society 
Yorkshire House
Yorkshire Drive
Bradford
BD5 8LJ 
 
If you don't have access to a printer, please get in touch and we'll send a form to you.  

Please check the terms and conditions of the ISA you’re transferring to and from, in case there are any withdrawal restrictions or charges.

 

You’ll need to complete an ISA declaration form. This is a requirement of HM Revenue and Customs, and we can't add money to your account until we've received this. 

If you manage your account online, you can log in to your account to do this. 

If you don't manage your account online, please download the ISA Declaration form. You can send it (with your passbook if you have one) to the address below or take it into your nearest branch or agency.

ISA Transfer Team
Yorkshire Building Society
Yorkshire House
Yorkshire Drive
Bradford
BD5 8LJ

If you don't have access to a printer, please get in touch and we'll send a form to you. 
You can cancel your account if you change your mind within 14 days of applying. We'll refund your money along with any interest you've earned, and you'll be able to pay into another Cash ISA in the current tax year. There's no notice period or charge. 

To do this, please call 0345 1200 300* or visit your nearest branch or agency. 

If you don't cancel your Cash ISA within 14 days, you won't be able to pay into another Cash ISA in this tax year, with us or with a different provider. 
The content on this page is for reference and does not constitute financial advice. For impartial financial advice, try MoneyHelper. 
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