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Regular Savers & Tax Allowance

Hi All,

Couple of quick questions about Regular Savings accounts and Tax Allowances.

Having already placed £3600 into an ISA for a given year does it matter if you then take up a Tax Free Regular Savings account?

And leading on from that, can you have multiple Regular Saver Accounts?

Cheers

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    You can have as many regular savings accounts if you want.

    Post a link to a tax free regular saver because I would think its actually an ISA, which means you cannot open it because you already have one this tax year.

    Either that or its one of these 10 year things which I don't understand (usually done by Life Assurance companies)
  • Saving
    Saving Posts: 31 Forumite
    Thanks Lokolo yeah you're right it's actually a Regular Saver ISA (First Direct).

    Cheers
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