Can I open a new isa this year?

tara71_2

I have just closed an isa which I opened 4 years ago, as I was so infuriated with the customer service - no statements for 2 years, requested a cash card 9 times which never arrived etc etc. I acted rather impulsively and went into the branch and closed the account! I realise now that I should have just transferred the funds into another account......
Anyway, my question is can I now open up a new isa this year and pay in the maximum annual amount? I can't remember if I paid anything into the previous one this year or not.
Thanks

whu

You can assuming that you have not used any of this years allowance which is £3600 for a cash ISA or £7200 in a stocks and shares ISA or if you put less than £3600 into a cash ISA you can also put the balance into a stocks and shares ISA
Hope that helps

Baldur

tara71 wrote: »

I can't remember if I paid anything into the previous one this year or not.

If you have paid ANY funds into the old Cash ISA in the current tax year, any new Cash ISA that you open for the 2008-9 tax year will be void.