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Cash ISA Discussion/Question
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Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
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Yes, the £3k maximum annual investment excludes any interest you will have gained. The £3k is all you are allowed to physically pay in! ;D
Can I have more than one cash ISA account (each opened in SEPARATE years) and therefore pay in £3k max per account or is that £3k is all I'm allowed to save regardless of how many accounts I have?
I opened one in 2002-3 and have now paid in my maximum £3k allowance. Can I open another one in 2003-4 and start paying into that?
Many thanks
:-/
If you have put money in to that account this year, then you'll have to wait until 04-05 before you can open another one.
Can I invest £3000 now (Jan 2004) and then add another £3000 in April 2004?
I was looking to open one with IF (intelligent finance), via IF.com, but reading through the terms and conditions they do a credit check and credit scoring on all applicants.
Why is that? I just want to open an ISA cash savings account with them, not interested in loans, mortgages, etc.
I understand about verification of identity, but this does seem a bit strange.
Cheers,
Danny.
I can't imagine this being a problem for most people.