Press Room

Northern Rock ISA Savers
Following the problems at Northern Rock earlier this year, the government has announced that it will allow the people affected to re-invest their money into any cash ISA, including Northern Rock’s, and so restore their tax advantages. This announcement applies to funds withdrawn from Northern Rock ISAs between the 13 and 19 September 2007 inclusive.

By 5 April 2008 savers who wish to restore their cash ISA must either:

  • return their funds to a Northern Rock ISA or
  • obtain from Northern Rock a certificate for the amount of cash ISA savings withdrawn between 13 and 19 September 2007 and present this to a new cash ISA provider when depositing the money.

Internet link: Treasury press release

 
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