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ISA question
fayraz
Posts: 625 Forumite
Hi,
My wife opened an ISA about two months ago and invested the maximum £3,000 with the end of the tax year coming up, can she invest a further £3,000 in April?
My wife opened an ISA about two months ago and invested the maximum £3,000 with the end of the tax year coming up, can she invest a further £3,000 in April?
0
Comments
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Actually the maximum into ISAs is £7k per tax year each. I assume you are referring to the Cash element only, which is 3k. Every tax year the slate is wiped clean and you get a new allowance to use up. So yes, more can go in.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yes it is a Mini Cash ISA with a maximum allowance of £3,000, thanks for your reply.0
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