4th September 2009
Investors wishing to reinvest their Icesave compensation in an ISA with another provider must request a certificate from the FSCS by Wednesday 9 September.
The FSCS has already sent all Icesave ISA customers a Reinstatement Certificate enabling them to keep the tax-free status of their money and reinvest it with another provider. However there are a small number of people who need to have their certificates re-sent, either because the certificate was lost in the post or due to changes in names or addresses.
In October 2008 the Government announced that individuals who had Icesave ISAs would be allowed to reinvest compensation received from the FSCS in an ISA with another provider no later than 5 April 2009. This date was later extended to 5 October 2009.
Investors who have not yet received their compensation and/or their ISA certificates should therefore contact us no later than Wednesday 9 September. This will ensure that they are able to reinvest their compensation payments by 5 October 2009 and retain their ISA tax advantages.