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Isa Confusion

Tomtom07
Posts: 680 Forumite


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
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

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Comments
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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
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.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
thats what I thought
thanks you very much0
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