Isa Question

lamb7994

Hello

I has an isa with my bank from august last year didn't really use it because of work problems.
I am now shutting my account with this bank. Tha problem is my Isa won't be shut down until 07-04-06 does this mean i cannot open another isa this tax year eventhough there's no money in it?


Thanks for you help

James

ManAtHome

An ISA from last (tax) year doesn't affect this year's at all - you can open one anytime now.

Did you put any cash in last year's - if so, no need to close it down even though you're closing the current account - just ask any new provider to transfer it.

Mikeyorks

As previous post - you can open a new ISA with a clear conscience. But just leave the old one to die - as you say

there's no meney in it?

So no point trying to transfer an empty wrapper - as you can't retrospectively put money in it.

lamb7994

Thanks for the replies.

And nicely put Mikeyorks:

Mikeyorks wrote:

So no point trying to transfer an empty wrapper - as you can't retrospectively put money in it.

Thanks

James