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Isa Confusion

Stupid question and I think I know the answer.

I have £3000, do I put into a ISA now or a high intrest account untill april then transfer it across or straight into a ISA now

:confused:

Comments

  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    Tomtom07 wrote: »
    Stupid question and I think I know the answer.

    I have £3000, do I put into a ISA now or a high intrest account untill april then transfer it across or straight into a ISA now

    :confused:

    Put it straight into an ISA now if you are a tax payer. If you have already contributed to an ISA in this year you will need to pay it into that since you can only contribute to one cash ISA and / or one Stocks & Shares ISA in the same tax year. Also, if this is a cash ISA, you cannot put more than £3,600 in this tax year.

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • Tomtom07
    Tomtom07 Posts: 680 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    thats what I thought

    thanks you very much
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