First ISA
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radical73
Posts: 1 Newbie
I am thinking of starting my first ISA having just become morgage free thanks to this web site.
But I have some questions, as I will probably need some of the money I put in the ISA next summer.
1. Is it worth starting an ISA for one year.
2. If I am taking cash out of this years ISA, would I be able to put the full amount into this ISA next year, or will I have to start another one next year.
I would be gratefull for any advice
But I have some questions, as I will probably need some of the money I put in the ISA next summer.
1. Is it worth starting an ISA for one year.
2. If I am taking cash out of this years ISA, would I be able to put the full amount into this ISA next year, or will I have to start another one next year.
I would be gratefull for any advice
0
Comments
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I am thinking of starting my first ISA having just become morgage free thanks to this web site.
But I have some questions, as I will probably need some of the money I put in the ISA next summer.
1. Is it worth starting an ISA for one year.
2. If I am taking cash out of this years ISA, would I be able to put the full amount into this ISA next year, or will I have to start another one next year.
I would be gratefull for any advice
Question 1 , Yes you can start an ISA this year, by the time next summer arrives we will be in the new tax year anyway. You can put no more than£3600 in this year.
2: Yes you can put the full amount into next years ISA, and combine them both together if you wish and the provider accepts previous years money. Every one starts a new ISA in the new tax year."When the Government borrows, the citizen has to save".
Machiavellii0 -
Doestn the limit to up to over £5k for everyone next Aprilmake the most of it, we are only here for the weekend.
and we will never, ever return.0
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