Transferring Credit to a new Apple ID

Hi all.
I have decided not to renew my Mobile Me account with Apple for the coming year. Paying £59 for an e-mail address is a bit silly afterall.... I really don't use the other functionality.
I have about £14 worth of iTunes credit attached to my current Apple ID, which is also connected to my Mobile Me account. When my mobile me account expires in 17 days, will I still be able to access my credit (will my apple Id die)? If not, can I set up a new Apple Id and transfer the money to the new account?
There is no decent documentation covering this..
Many thanks in advance for any guidance.
Regards,

When my mobile me account expires in 17 days, will I still be able to access my credit
Yes.
(50906)

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