ISA Allowance - im a bit lost!

CASHMONEY_3

flossy_splodge wrote: »

The rule is simple.
Only ONE cash ISA can be opened in each tax year (Ie you CANNOT split your year's allowance between a number of accounts) and ONLY a TOTAL of £3600 can be inputted to the ISA in this tax year.
These rules apply whether it's a new ISA or the SAME ISA you used last year.
An ISA is an ISA.:A

thanks splodgey

its very straightfoward in effect its just because of the ICESAVE saga i didnt know whether i could open another ISA if i haven't and didnt want to transfer that money somewhere else other than a normal savings account.

Eco_Miser

flossy_splodge wrote: »

Could have sworn that was what I said in post above yours!

It may be what you meant, it wasn't what I read. :-) (can't find basic smiley)

Anyway, two ways of phrasing the same thing is more likely to get through to someone having difficulty understanding the concept.

flossy_splodge

Eco_Miser wrote: »

It may be what you meant, it wasn't what I read. :-)
Sorry about that - very tired at mo.;)
Anyway, two ways of phrasing the same thing is more likely to get through to someone having difficulty understanding the concept.

Or confusing same someone??:rotfl: