How do I close an ISA?

How you close  an ISA depends on the type you have and when you opened it.

  • Cash ISA – open for less than 14 days

    You can close your cash ISA by notifying us in writing within 14 days of the date you opened your account, or within 14 days of receiving your account terms and conditions, whichever is the later. You’ll still be able to open another ISA and your full annual subscription limits will remain, subject to HMRC conditions.

  • Cash ISA – open for more than 14 days

    • Instant-access cash ISAs – you can close your ISA at any time, free of charge, by providing us with signed, written instructions
    • Flexible Cash ISA – Issue 1 – you can close your account before the end of the fixed term free of charge by providing us with signed, written instructions
    • Flexible Cash ISA – Issues 2 to 10 – if you close your account before the end of the fixed term, you’ll incur a charge. The amount will depend on the terms of the ISA and the balance at the time

    Send your requests to close your cash ISA to:
    Barclays Bank UK PLC
    Leicester Servicing Centre
    Leicester
    LE87 2BB

    Please note,  you can only save in one cash ISA per tax year. So if you close a cash ISA in the same tax year that you opened it, you can’t pay in to another cash ISA until the next tax year. However, if you want to transfer out your cash ISA, the tax-free benefits of those funds will be protected as long as you follow the correct process. This is why you should consider your decision to close an ISA carefully.

     

  • How to close an investment ISA

    You can close your investment ISA at any time through Online Banking by selecting ‘Other services’ from the homepage. You’ll find a form relating to account closure, which you’ll need to download, print and complete, and then post to us at:

    Barclays
    Leicester Servicing Centre
    Leicester
    LE87 2BB


    Please note, our investment funds are designed to be held for 5 to 10 years and you may get back less than you invested if you withdraw your investments early.

     

    Barclays Stockbrokers

    We're sorry you're considering leaving Barclays Stockbrokers. Please call us on 0800 279 6551* or 0141 352 3909* to discuss your account closure.

     

    Barclays direct investing

    We're sorry you're considering leaving us. Please call us on 0800 279 3667* or 0141 352 3919* to discuss your account closure.