2 ISA's in 1 yr

patrickbateman

Hi, sorry to be a bit thick, but can I put 2.6K into my Lloyds TSB Fixed ISA?

I have already put 1k into a Barclays ISA but cos I can transfer using online banking am I ok to put the remainder into the TSB?

Also this will put me near to the 35k threshold, few k below except for at paydays, does anyone see any major probs with this???

Thanks
P

dunstonh

You can only contribute to one ISA of that type in the same tax year.

If you paid that £1k in during this tax year then you are stuck with that until next tax year (or you transfer the ISA).

Also this will put me near to the 35k threshold, few k below except for at paydays, does anyone see any major probs with this???

Not with Barclays and especially not with Lloyds.

turbobob

You can only make payments into one cash ISA in any tax year. So if you paid into the Barclays ISA in this tax year then no you can't pay into the Lloyds ISA.

patrickbateman

Thanks for the prompt reply guys, I had a sneaking suspicion that was the case.

!!!!!! will have to send a cheque to Barclays again then.

Cheers