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ISA Question
milkybars
Posts: 409 Forumite
I'm already sorted for this tax year but planning ahead for the next tax year (not too far away!):
It seems that to get the best rates you need to invest monthly into a fixed account with a penalty for withdrawals. I currently have about £10, 300 in a more flexible ISA that allows withdrawals without penalty, something I will need to do in the comming year. If, next tax year, I opened a fixed ISA and only paid into that one, would I be able to keep my old ISA open and withdraw what I need to from that?
It seems that to get the best rates you need to invest monthly into a fixed account with a penalty for withdrawals. I currently have about £10, 300 in a more flexible ISA that allows withdrawals without penalty, something I will need to do in the comming year. If, next tax year, I opened a fixed ISA and only paid into that one, would I be able to keep my old ISA open and withdraw what I need to from that?
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Yes you can.0
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