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Making the most of your tax-free allowance is easy and you can choose to add to your account in a number of ways.
For all Cash ISA accounts you can make additional deposits in one of our Stores or via post. You can also top up electronically, however the details you need to do this varies between Online accounts and Store and Postal accounts, which you can find below.
How to top up your Online Cash ISA electronically
If you have an Online Cash ISA, you can add funds to it by CHAPS1, or other electronic means (Faster Payments Service, BACS, Standing Order).
Sort code: 08-60-64;
Account number: Your online account number
For CHAPS1 transfers
Sort code: 08-02-65;
Account number: Your 8 digit account number
To transfer from another online Virgin Money account, follow these steps:
log on to your online account
select 'Virgin Money Transfer' from the 'Take Money Out' menu option
How to top up your Store or postal Cash ISA electronically
If you have a Store and Postal Cash ISA, you can add funds to it by telegraphic transfer (CHAPS1), or other electronic means (Faster Payments Service, BACS, Standing Order) by asking your bank to send us a payment quoting your account number.
If you have a Cash ISA with another provider and you wish to transfer your money to Virgin Money, you can do this online, by post, and in Store. Simply follow the quick and easy steps on our ISA Transfer Service page, and once we receive your completed ISA transfer form we’ll do the rest for you!
Each tax year, everyone aged 16 and over in the UK gets an annual tax-free ISA allowance, which is £20,000 in the current tax year. The tax year runs from 6 April to 5 April the following year.
With an ISA you can save money as cash (in a Cash ISA), invest in the stock market (in a Stocks & Shares ISA), lend your money to other individuals or companies as a loan (in an Innovative Finance ISA), save towards your first home and/or retirement (in a Lifetime ISA) or a combination of all four. This is based on HM Revenue and Customs UK taxation law and practice which may change.
An ISA, or Individual Savings Account, allows you to invest up to the maximum ISA allowance each tax year without you having to pay a penny of tax on any interest or gains you make. You can transfer your money between the different types of ISAs, however please remember you can only subscribe to one of each type of ISA, Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA (maximum £4,000) in each tax year, up to the combined annual subscription limit.
Here at Virgin Money, we have a range of Cash ISAs and Stocks and Shares ISAs for you to choose from. However we don’t currently offer an Innovative Finance ISA or Lifetime ISA.
If you have any questions about your Cash ISA, please use our ask a question facility or contact us on 0345 600 7301.
1 A charge of £30 will be incurred for a CHAPS transfer
* Not all Stores are able to offer full banking services. Any facility which is not available at your local Store, excluding cash deposits and general cash transactions, can be processed at our Main Office PDF opens in a new window. Please refer to your local Store for details.