opening more than 1 ISA
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warnski
Posts: 184 Forumite
Hi everybody - can anyone tell me if there's a limit to how many ISAs I can open in a tax year. I know the limit on how much I can put in, but am I only allowed to open one ISA account per year??
Thanks in advance
Thanks in advance
0
Comments
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It's not the opening, it's subscribing (so putting new money in). You can only subscribe to one cash ISA each tax year. You could open 10 but you will only be able to put money into one of them.Kavanne
Nuns! Nuns! Reverse!
'I do my job, do you do yours?'0 -
Hi everybody - can anyone tell me if there's a limit to how many ISAs I can open in a tax year. I know the limit on how much I can put in, but am I only allowed to open one ISA account per year??
Thanks in advance
I have three ISA's open right now, one existing subscribed in the last tax year, the other two I have opened with zero balance. I am doing partial transfers of all the existing ISA thereby closing it, so I'll have the two new fixed rate ISA's transferred into. Then if I can I'll subscribe to one of them when I have some funds available.0 -
Or you could read this thread...
http://forums.moneysavingexpert.com/showthread.html?t=16292090 -
Last year in December, I changed my current ISA with Halifax into a fix rate interest Isa for 1 year, therefore I cannot add or withdraw from this account and will expect to receive 4.5% interest tax free in December of this year.
Meanwhile can I open a new ISA account with a new provider in this current tax year and receive the full amount of tax free interest at the end of the tax year.0
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