12 May 2009
Lloyds Banking Group is set to take part in a new electronic ISA transfer scheme.
In conjunction with the British Bankers' Association, it will adopt the process before the next tax year begins.
"Given today's unprecedented low-rate environment maximising your full tax-free allowance has never been more important," commented Colin Walsh, Managing Director of Savings and Investment with Lloyds Banking Group.
One way of making the most of tax-free savings is by finding the best ISA, with uSwitch.com able to help.
It is hoped that the new scheme will allow the transfer process to be much more efficient for customers of Lloyds TSB, Halifax and C&G by reducing the need to send cheques in the post.
The annual limit on ISAs has been raised following last month's Budget, with the over 50s set to benefit this tax year and everyone else from 2010.